John Hancock Correlations

JECIX Fund

USD 21.72 0.01 0.05%

The current 90-days correlation between John Hancock Var and Deutsche Gold Precious is 0.02 (i.e., Significant 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

Very poor diversification

The correlation between John Hancock Var and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Var 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 Var. 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 gross domestic product.

Moving together with John Mutual Fund

0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.95	VGTSX	Vanguard Total Inter	Pair Corr
0.95	VTIAX	Vanguard Total Inter	Pair Corr
0.73	NHS	Neuberger Berman High	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.93	DD	Dupont De Nemours	Pair Corr
0.93	CSCO	Cisco Systems	Pair Corr
0.89	IBM	International Business Earnings Call This Week	Pair Corr
0.95	DIS	Walt Disney	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.96	CAT	Caterpillar	Pair Corr
0.95	BA	Boeing	Pair Corr
0.96	MSFT	Microsoft	Pair Corr

Moving against John Mutual Fund

0.58	KO	Coca Cola Earnings Call This Week	Pair Corr
0.32	VZ	Verizon Communications Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SGDIX	UIPMX	FGDIX	SGDLX	GCEBX	GLDAX	GSYPX	EPGFX
SGDIX		0.81	0.86	0.92	0.66	0.97	0.46	0.92	SGDIX
UIPMX	0.81		0.97	0.92	0.47	0.86	0.21	0.78	UIPMX
FGDIX	0.86	0.97		0.94	0.6	0.89	0.36	0.88	FGDIX
SGDLX	0.92	0.92	0.94		0.63	0.88	0.47	0.85	SGDLX
GCEBX	0.66	0.47	0.6	0.63		0.58	0.91	0.77	GCEBX
GLDAX	0.97	0.86	0.89	0.88	0.58		0.32	0.93	GLDAX
GSYPX	0.46	0.21	0.36	0.47	0.91	0.32		0.55	GSYPX
EPGFX	0.92	0.78	0.88	0.85	0.77	0.93	0.55		EPGFX
	SGDIX	UIPMX	FGDIX	SGDLX	GCEBX	GLDAX	GSYPX	EPGFX

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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
SGDIX	1.40	0.13	0.00	14.32	1.98	(1.39)	3.31	(2.90)	11.33
UIPMX	1.54	0.16	(0.04)	(0.03)	2.24	(1.53)	3.04	(3.57)	11.90
FGDIX	1.53	0.22	(0.02)	(0.07)	2.17	(1.53)	2.97	(3.72)	12.28
SGDLX	1.38	0.24	(0.01)	(0.11)	2.03	(1.35)	3.33	(2.89)	11.34
GCEBX	0.68	0.23	0.08	(3.67)	0.60	(0.84)	1.84	(1.31)	4.42
GLDAX	1.53	0.08	(0.02)	(4.59)	2.35	(1.41)	3.11	(3.50)	12.29
GSYPX	0.87	0.27	0.10	(1.61)	0.81	(1.02)	2.43	(1.78)	5.86
EPGFX	1.35	0.15	0.01	2.27	1.92	(1.33)	2.35	(2.87)	10.25

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