John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Esg
JHJAX Fund  USD 24.15  0.21  0.88%   
The current 90-days correlation between John Hancock Esg and Siit Small Cap is 0.93 (i.e., Almost no 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 Esg and DJI is 0.97 (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 Esg 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 Esg. 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

  0.96JAAIX Alternative AssetPairCorr
  0.98JABKX John Hancock FundsPairCorr
  0.98JTMIX Multimanager LifestylePairCorr
  0.98JDVNX Jhancock DisciplinedPairCorr
  0.99JGECX Jhancock Global EquityPairCorr
  0.82JYEBX Jhancock Real EstatePairCorr
  0.95JYHIX John Hancock FocusedPairCorr
  1.0JHJIX John Hancock EsgPairCorr
  0.71JHSFX John Hancock MunicipalPairCorr
  0.98JILMX Multimanager LifestylePairCorr
  0.96JLAEX Retirement Living ThroughPairCorr
  0.99TAGRX Fundamental Large CapPairCorr
  0.98JLMOX Lifestyle Ii ModeratePairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.99VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.84CPAYX Columbia Pacific/asiaPairCorr
  0.77CASAX Columbia Pacific/asiaPairCorr
  0.76CASCX Columbia Pacific/asiaPairCorr
  0.73MIDSX Midas Fund MidasPairCorr
  0.99CISGX Touchstone Sands CapitalPairCorr
  0.98MGHRX Morgan Stanley InstiPairCorr
  0.98MGRPX Growth Portfolio ClassPairCorr
  0.97OAZEX Oakmark InternationalPairCorr
  0.97HERSX Hartford Emerging MarketsPairCorr
  0.79GLDZX Low Duration BondPairCorr
  0.98NAESX Vanguard Small CapPairCorr
  0.97RRPPX American Funds RetirementPairCorr
  0.97FSAMX Strategic AdvisersPairCorr
  0.95RYBIX Basic MaterialsPairCorr

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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