John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Global
JGYIX Fund  USD 13.12  0.08  0.61%   
The current 90-days correlation between John Hancock Global and T Rowe Price is -0.16 (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

Very poor diversification

The correlation between John Hancock Global 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 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 gross domestic product.

Moving together with John Mutual Fund

  0.88FRBAX Regional BankPairCorr
  0.88FRBCX Regional BankPairCorr
  0.88JRGRX Regional BankPairCorr
  0.99JRLDX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  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
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.99JRTNX Retirement Living ThroughPairCorr
  0.66JABFX Jhancock Real EstatePairCorr
  0.99JRTYX Multi Index 2050PairCorr
  0.97JABJX John Hancock FundsPairCorr
  0.98JABMX John Hancock FundsPairCorr
  0.9JABWX John Hancock OpportuPairCorr
  0.95JABZX John Hancock GlobalPairCorr
  0.98JALGX Multimanager LifestylePairCorr
  0.98JSGAX John Hancock StrategicPairCorr
  0.97JSJAX Small Cap GrowthPairCorr
  0.98JSJCX Small Cap GrowthPairCorr
  0.99JSLCX Multimanager LifestylePairCorr
  0.96JSNIX Jhancock Short DurationPairCorr
  0.95JSNVX John Hancock IncomePairCorr
  0.98SVBAX Balanced Fund ClassPairCorr
  0.98SVBCX Balanced Fund ClassPairCorr
  0.98JBATX Balanced Fund ClassPairCorr
  0.97JBGAX Blue Chip GrowthPairCorr

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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