John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JDVFX Fund  USD 24.20  0.04  0.17%   
The current 90-days correlation between John Hancock Disciplined and Regional Bank Fund is -0.07 (i.e., Good diversification). 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.

John Hancock Correlation With Market

Almost no diversification

The correlation between John Hancock Disciplined and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Disciplined. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with John Mutual Fund

  0.93FRBAX Regional BankPairCorr
  0.92FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.98JQLCX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.94JRBFX Regional BankPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.94JRGRX Regional BankPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.98JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.98JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.99JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  0.99JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.97JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.97JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr
  0.99JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.08  0.35  0.16 (2.15) 0.92 
(1.32)
 2.61 
(1.40)
 6.87 
FRBCX  1.08  0.35  0.15 (2.17) 0.92 
(1.31)
 2.58 
(1.42)
 6.80 
JQLMX  0.25  0.05 (0.08) 0.30  0.00 
(0.30)
 0.81 
(0.47)
 1.74 
JQLBX  0.34  0.07  0.00  0.29  0.00 
(0.41)
 1.11 
(0.70)
 2.38 
JQLAX  0.49  0.21  0.09 (2.79) 0.34 
(0.57)
 1.63 
(1.18)
 3.50 
JQLCX  0.17  0.04 (0.23) 0.34  0.00 
(0.23)
 0.44 
(0.25)
 1.29 
JQLGX  0.43  0.09  0.05  0.29  0.22 
(0.52)
 1.34 
(1.05)
 3.04 
JRBFX  1.08  0.15  0.14  0.27  0.93 
(1.32)
 2.62 
(1.40)
 6.88 
JRETX  0.51  0.11  0.10  0.30  0.33 
(0.60)
 1.71 
(1.24)
 3.61 
JRGRX  1.08  0.15  0.14  0.27  0.93 
(1.32)
 2.58 
(1.40)
 6.88 

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