John Hancock Correlations
The correlation of John Hancock is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
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Related Correlations Analysis
| 0.86 | 0.89 | 0.8 | 0.87 | PBXIX | ||
| 0.86 | 0.99 | 0.93 | 1.0 | LCFYX | ||
| 0.89 | 0.99 | 0.93 | 0.99 | NCIDX | ||
| 0.8 | 0.93 | 0.93 | 0.93 | FSAWX | ||
| 0.87 | 1.0 | 0.99 | 0.93 | XNCVX | ||
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Risk-Adjusted Indicators
There is a big difference between John Mutual Fund performing well and John Hancock Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze John Hancock's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBXIX | 0.29 | 0.02 | (0.31) | 0.26 | 0.23 | 0.65 | 2.21 | |||
| LCFYX | 0.36 | 0.14 | (0.03) | 0.74 | 0.00 | 0.90 | 2.38 | |||
| NCIDX | 0.41 | 0.13 | (0.03) | 0.63 | 0.00 | 1.01 | 2.74 | |||
| FSAWX | 0.09 | 0.02 | (1.54) | 0.88 | 0.00 | 0.19 | 0.73 | |||
| XNCVX | 0.41 | 0.14 | 0.00 | 0.63 | 0.00 | 1.04 | 3.12 |