John Hancock Correlations

JHS Stock

USD 11.24 0.01 0.09%

The current 90-days correlation between John Hancock Income and DTF Tax Free is 0.28 (i.e., Modest 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 weak diversification

The correlation between John Hancock Income and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with John Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with John Stock

0.74	GS	Goldman Sachs Group	Pair Corr
0.75	AXP	American Express	Pair Corr
0.81	COF	Capital One Financial Earnings Call This Week	Pair Corr
0.67	SCM	Stellus Capital Inve	Pair Corr
0.63	GLAD	Gladstone Capital	Pair Corr
0.65	HTGC	Hercules Capital	Pair Corr
0.72	PFLT	PennantPark Floating Rate	Pair Corr
0.71	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.73	ALLY	Ally Financial	Pair Corr
0.67	ARCC	Ares Capital	Pair Corr
0.62	TSLX	Sixth Street Specialty	Pair Corr
0.71	CSWC	Capital Southwest	Pair Corr
0.72	C	Citigroup Aggressive Push	Pair Corr
0.73	L	Loews Corp	Pair Corr
0.67	DHIL	Diamond Hill Investment	Pair Corr
0.73	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.75	AX	Axos Financial	Pair Corr
0.64	BK	Bank of New York	Pair Corr
0.77	BN	Brookfield Corp	Pair Corr
0.73	BX	Blackstone Group Normal Trading	Pair Corr
0.81	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.71	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.69	CM	Canadian Imperial Bank	Pair Corr
0.74	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.68	IX	Orix Corp Ads	Pair Corr

Moving against John Stock

0.38

FG Annuities Life

Pair Corr

Related Correlations Analysis

	DTF	CXH	EOT	JHI	PAI	VBF	WEA	MCR
DTF		0.39	0.41	0.88	0.79	0.87	0.25	0.89	DTF
CXH	0.39		0.75	0.21	0.37	0.4	0.0	0.28	CXH
EOT	0.41	0.75		0.11	0.31	0.34	-0.1	0.22	EOT
JHI	0.88	0.21	0.11		0.89	0.84	0.38	0.92	JHI
PAI	0.79	0.37	0.31	0.89		0.72	0.49	0.79	PAI
VBF	0.87	0.4	0.34	0.84	0.72		0.24	0.9	VBF
WEA	0.25	0.0	-0.1	0.38	0.49	0.24		0.17	WEA
MCR	0.89	0.28	0.22	0.92	0.79	0.9	0.17		MCR
	DTF	CXH	EOT	JHI	PAI	VBF	WEA	MCR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MCR	+ 0.92	JHI
MCR	+ 0.9	VBF
MCR	+ 0.89	DTF
PAI	+ 0.89	JHI
JHI	+ 0.88	DTF
VBF	+ 0.87	DTF

High negative correlations

WEA	- 0.1	EOT
WEA	- 0.0	CXH

Risk-Adjusted Indicators

There is a big difference between John Stock performing well and John Hancock Company 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DTF	0.20	0.01	(0.40)	0.25	0.18	(0.24)	0.36	(0.36)	1.36
CXH	0.33	(0.05)	0.00	(0.18)	0.00	0.00	0.53	(0.93)	1.86
EOT	0.42	(0.03)	(0.24)	0.00	0.51	(0.50)	0.97	(0.69)	3.44
JHI	0.35	0.13	0.10	0.60	0.00	(0.45)	1.05	(0.43)	2.00
PAI	0.47	0.07	(0.04)	0.49	0.53	(0.53)	1.32	(1.00)	4.48
VBF	0.36	0.03	(0.13)	0.31	0.39	(0.39)	0.91	(0.59)	3.59
WEA	0.46	0.03	(0.14)	0.65	0.62	(0.49)	1.13	(0.84)	4.39
MCR	0.32	0.09	(0.05)	0.72	0.00	(0.42)	0.82	(0.49)	2.01

John Hancock Corporate Management

Warren Thomson	Trustee	Profile
CFA CFA	Portfolio Manager	Profile
Gregory Russo	Independent Trustee	Profile
Frances Rathke	Independent Trustee	Profile
Christopher Sechler	Secretary and Chief Legal Officer	Profile
William Cunningham	Independent Trustee	Profile
James Oates	Independent Trustee	Profile

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