John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Global
JGYAX Fund  USD 12.90  0.02  0.16%   
The current 90-days correlation between John Hancock Global and Lord Abbett Small is 0.81 (i.e., Very poor 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

Good diversification

The correlation between John Hancock Global and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Global 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 Global. 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 nation.

Moving together with John Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.89FRBCX Regional BankPairCorr
  0.98JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.65JQLGX Multimanager LifestylePairCorr
  0.87JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.87JRGRX Regional BankPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.61JRLHX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.64JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.63JRLUX Multi Index 2045PairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.63JRLZX Retirement Living ThroughPairCorr
  0.64JROUX J Hancock IiPairCorr
  0.63JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  1.0JAAIX Alternative AssetPairCorr
  0.63JAAKX Jhancock Multi IndexPairCorr
  1.0JAAPX Alternative AssetPairCorr
  1.0JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.63JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.62JAASX Alternative AssetPairCorr
  0.63JRTIX Multi Index 2030PairCorr
  0.64JRTKX 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.

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