John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Esg
JHJIX Fund  USD 24.02  0.07  0.29%   
The current 90-days correlation between John Hancock Esg and T Rowe Price is 0.94 (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 0.92 (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 gross domestic product.

Moving together with John Mutual Fund

  0.9FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.9JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.9JRGRX Regional BankPairCorr
  0.97JRLDX Retirement Living ThroughPairCorr
  0.97JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.97JRLHX Retirement Living ThroughPairCorr
  0.98JRLKX Multi Index 2015PairCorr
  0.97JRLLX Retirement Living ThroughPairCorr
  0.98JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.98JRLPX Multi Index 2020PairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.99JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.98JRTBX Retirement Living ThroughPairCorr
  0.98JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.98JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.98JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY