J Hancock Correlations

Mutual Funds . USA . 
Fund . J Hancock Ii
JRETX Fund  USD 14.92  0.09  0.61%   
The current 90-days correlation between J Hancock Ii and Mfs Moderate Allocation is -0.27 (i.e., Very good diversification). The correlation of J 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.

J Hancock Correlation With Market

Good diversification

The correlation between J Hancock Ii 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 J Hancock Ii 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 J Hancock Ii. 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 estimate.

Moving together with JRETX Mutual Fund

  0.71FRBAX Regional Bank Steady GrowthPairCorr
  0.7FRBCX Regional Bank Steady GrowthPairCorr
  0.81JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  0.96JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.7JRBFX Regional Bank Steady GrowthPairCorr
  0.64JRGRX Regional Bank Steady GrowthPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.98JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.79JRLHX Retirement Living ThroughPairCorr
  0.8JRLKX Multi Index 2015PairCorr
  0.98JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.85JRLQX Retirement Living ThroughPairCorr
  0.8JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  0.82JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  0.85JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.83JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.8JRTAX Retirement Living ThroughPairCorr
  0.9JAARX Alternative AssetPairCorr
  0.81JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  0.81JRTFX Retirement Living ThroughPairCorr
  0.82JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.82JAAVX Jhancock MultimanagerPairCorr
  0.81JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JRETX Mutual Fund performing well and J 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 J 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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