J Hancock Correlations

Mutual Funds . USA . 
Fund . J Hancock Ii
JRODX Fund  USD 17.50  0.10  0.57%   
The current 90-days correlation between J Hancock Ii and Mutual Of America is 0.96 (i.e., Almost no 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

Almost no diversification

The correlation between J Hancock Ii and DJI is 0.97 (i.e., Almost no 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 unemployment.

Moving together with JRODX Mutual Fund

  0.92FRBAX Regional Bank Steady GrowthPairCorr
  0.92FRBCX Regional Bank Steady GrowthPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.84JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.83JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.93JRBFX Regional Bank Steady GrowthPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.93JRGRX Regional Bank Steady GrowthPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.82JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.98JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.83JRLLX Retirement Living ThroughPairCorr
  0.83JRLOX Retirement Living ThroughPairCorr
  1.0JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.84JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  0.85JROUX J Hancock IiPairCorr
  0.84JAAFX Jhancock Multi IndexPairCorr
  0.84JAAJX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  0.84JAAKX Jhancock Multi IndexPairCorr
  0.97JAAPX Alternative AssetPairCorr
  0.83JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.84JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.84JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  1.0JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JRODX 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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