John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Municipal
JHSFX Fund   10.05  0.01  0.1%   
The current 90-days correlation between John Hancock Municipal and Hartford International Equity is -0.01 (i.e., Good 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

Significant diversification

The correlation between John Hancock Municipal and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Municipal 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 Municipal. 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 census.

Moving together with John Mutual Fund

  0.86FRBAX Regional BankPairCorr
  0.86FRBCX Regional BankPairCorr
  0.96JQLMX Multimanager LifestylePairCorr
  0.96JQLBX Multimanager LifestylePairCorr
  0.96JQLAX Multimanager LifestylePairCorr
  0.96JQLCX Multimanager LifestylePairCorr
  0.96JQLGX Multimanager LifestylePairCorr
  0.86JRBFX Regional BankPairCorr
  0.95JRETX J Hancock IiPairCorr
  0.86JRGRX Regional BankPairCorr
  0.96JRLDX Retirement Living ThroughPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.96JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.95JRLQX Retirement Living ThroughPairCorr
  0.96JRLPX Multi Index 2020PairCorr
  0.95JRLUX Multi Index 2045PairCorr
  0.95JRLWX Retirement Living ThroughPairCorr
  0.95JRLVX Retirement Living ThroughPairCorr
  0.95JRLZX Retirement Living ThroughPairCorr
  0.95JROUX J Hancock IiPairCorr
  0.95JRODX J Hancock IiPairCorr
  0.95JAAFX Jhancock Multi IndexPairCorr
  0.95JAAJX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  0.95JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.96JRTBX Retirement Living ThroughPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.96JRTDX Multi Index 2025PairCorr
  0.96JRTGX Retirement Living ThroughPairCorr
  0.96JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  0.96JRTIX Multi Index 2030PairCorr
  0.95JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX Retirement Living ThroughPairCorr

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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