Jhancock 2070 Correlations

Mutual Funds . USA . 
Fund . Jhancock 2070 Lifetime
JHOAX Fund   11.22  0.02  0.18%   
The current 90-days correlation between Jhancock 2070 Lifetime and Vanguard Total Stock is 0.73 (i.e., Poor diversification). The correlation of Jhancock 2070 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.

Jhancock 2070 Correlation With Market

Good diversification

The correlation between Jhancock 2070 Lifetime and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock 2070 Lifetime 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. 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 against Jhancock Mutual Fund

  0.36NCSPX Nuveen CaliforniaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock 2070 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 Jhancock 2070'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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.66  0.25  0.11 (3.55) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.26  0.55 
(0.74)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.25  0.11 (2.79) 0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.11  0.11  0.26  0.55 
(0.73)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.25  0.11 (2.80) 0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.25  0.11 (2.80) 0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.65  0.12  0.11  0.27  0.54 
(0.75)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.24  0.10 (3.33) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.21  0.10 (4.97) 0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.21  0.10 (4.77) 0.19 
(0.52)
 1.35 
(0.86)
 3.10 

Jhancock 2070 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jhancock 2070 mutual fund to make a market-neutral strategy. Peer analysis of Jhancock 2070 could also be used in its relative valuation, which is a method of valuing Jhancock 2070 by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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