Jhancock Short Correlations
| JSNIX Fund | USD 9.35 0.01 0.11% |
The current 90-days correlation between Jhancock Short Duration and Gmo Resources is -0.15 (i.e., Good diversification). The correlation of Jhancock Short 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 Short Correlation With Market
Significant diversification
The correlation between Jhancock Short Duration and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Short Duration and DJI in the same portfolio, assuming nothing else is changed.
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Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jhancock Mutual Fund performing well and Jhancock Short 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 Short'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMOWX | 1.73 | (0.05) | 0.00 | (0.13) | 0.00 | 3.16 | 14.46 | |||
| BACCX | 1.28 | (0.02) | 0.00 | (0.11) | 0.00 | 2.20 | 11.87 | |||
| FIKAX | 1.56 | (0.04) | 0.00 | (0.12) | 0.00 | 2.78 | 15.27 | |||
| HNRGX | 1.43 | (0.01) | 0.00 | (0.10) | 0.00 | 2.55 | 14.60 | |||
| SMAPX | 1.34 | 0.03 | 0.00 | (0.05) | 0.00 | 2.48 | 11.68 | |||
| SNPIX | 1.47 | 0.08 | 0.14 | (0.16) | 1.65 | 3.44 | 16.35 | |||
| ALTEX | 1.59 | 0.02 | 0.00 | (0.06) | 0.00 | 2.76 | 11.92 | |||
| TREIX | 0.09 | 0.01 | 0.54 | 2.44 | 0.00 | 0.20 | 0.71 |