Jhancock Disciplined Correlations

Mutual Funds . USA . 
Fund . Jhancock Disciplined Value
JDVNX Fund  USD 25.45  0.33  1.28%   
The current 90-days correlation between Jhancock Disciplined and Nuveen Strategic Municipal is 0.06 (i.e., Significant diversification). The correlation of Jhancock Disciplined 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.

Jhancock Disciplined Correlation With Market

Very poor diversification

The correlation between Jhancock Disciplined Value and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Disciplined Value 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 Jhancock Disciplined Value. 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 state.

Moving together with Jhancock Mutual Fund

  0.96JQLAX Multimanager LifestylePairCorr
  0.94JRLWX Retirement Living ThroughPairCorr
  0.89JAAIX Alternative AssetPairCorr
  0.95JRTKX Retirement Living ThroughPairCorr
  0.89JABKX John Hancock FundsPairCorr
  0.81JSNIX Jhancock Short DurationPairCorr
  0.86SVBAX Balanced Fund ClassPairCorr
  0.96JTLGX Multimanager LifestylePairCorr
  0.89JCTFX John Hancock HighPairCorr
  0.62JDJRX Jhancock DiversifiedPairCorr
  0.95JVIMX J Hancock IiPairCorr
  0.87JEMQX John Hancock EmergingPairCorr
  0.62JGECX Jhancock Global EquityPairCorr
  0.95JGHTX J Hancock IiPairCorr
  0.72JYEBX Jhancock Real EstatePairCorr
  0.87JHBKX John Hancock FundsPairCorr
  0.9JHJIX John Hancock EsgPairCorr
  0.86JHSFX John Hancock MunicipalPairCorr
  0.94JLAEX Retirement Living ThroughPairCorr
  0.9JLAOX Retirement Living ThroughPairCorr
  0.9JLBAX Retirement Living ThroughPairCorr
  0.85TAGRX Fundamental Large CapPairCorr
  0.9JLAAX Retirement Living ThroughPairCorr
  0.89JLDEX Retirement Living ThroughPairCorr
  0.95JLDGX Retirement Living ThroughPairCorr
  0.94JLCFX Fundamental Large CapPairCorr
  0.89JLDOX Retirement Living ThroughPairCorr
  0.95JLGSX Lifestyle Ii GrowthPairCorr
  0.95JLKOX Retirement Living ThroughPairCorr
  0.95JLMOX Lifestyle Ii ModeratePairCorr
  0.93FWWMX American Funds WashingtonPairCorr
  0.93FWMMX American Funds WashingtonPairCorr
  0.85AWSHX Washington MutualPairCorr
  0.84WSHCX Washington MutualPairCorr

Moving against Jhancock Mutual Fund

  0.31FIDAX Financial IndustriesPairCorr
  0.4OSPPX Oppenheimer Steelpath MlpPairCorr
  0.4SPMPX Invesco Steelpath MlpPairCorr
  0.4MLPNX Oppenheimer Steelpath MlpPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Disciplined 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 Jhancock Disciplined'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.

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