John Hancock Correlations

Etfs . USA . 
Etf . John Hancock Multifactor
JHMM Etf  USD 56.16  0.12  0.21%   
The current 90-days correlation between John Hancock Multifactor and Vanguard Mid Cap Index is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Multifactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Almost no diversification

The correlation between John Hancock Multifactor and DJI is 0.95 (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 Multifactor and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with John Etf
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with John Etf

  0.94VO Vanguard Mid CapPairCorr
  0.99VXF Vanguard Extended MarketPairCorr
  1.0IJH iShares Core SPPairCorr
  1.0IWR iShares Russell MidPairCorr
  1.0MDY SPDR SP MIDCAPPairCorr
  0.99FV First Trust DorseyPairCorr
  1.0IVOO Vanguard SP MidPairCorr
  1.0BBMC JPMorgan BetaBuilders MidPairCorr
  0.94XMMO Invesco SP MidCapPairCorr
  0.71GBTC Grayscale Bitcoin TrustPairCorr
  0.93USD ProShares Ultra SemiPairCorr
  0.93FNGO MicroSectors FANG IndexPairCorr
  0.82UGA United States GasolinePairCorr
  0.93DUSL Direxion Daily IndusPairCorr
  0.81AMZA InfraCap MLP ETFPairCorr
  0.93NAIL Direxion Daily HomebPairCorr

Moving against John Etf

  0.87STIP iShares 0 5PairCorr
  0.78IBTP iShares iBonds DecPairCorr
  0.75SLQD iShares 0 5PairCorr
  0.73GLDM SPDR Gold MiniSharesPairCorr
  0.72IAU iShares Gold TrustPairCorr
  0.72IBIG iShares TrustPairCorr
  0.63MBB iShares MBS ETFPairCorr
  0.63SCHP Schwab TIPS ETFPairCorr
  0.56IDLV Invesco SP InternationalPairCorr
  0.38VCIT Vanguard IntermediatePairCorr
  0.36RTRE Rareview Total ReturnPairCorr
  0.9XTWO Bondbloxx ETF TrustPairCorr
  0.78ISHFF iShares IV PublicPairCorr
  0.77TYA Simplify Exchange TradedPairCorr
  0.76BWX SPDR Bloomberg InterPairCorr
  0.69SCHJ Schwab 1 5PairCorr
  0.42ZBIO Zenas BioPharma, CommonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

John Hancock Constituents Risk-Adjusted Indicators

There is a big difference between John Etf performing well and John Hancock ETF 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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY