Jhancock Short Correlations

Mutual Funds . USA . 
Fund . Jhancock Short Duration
JSNIX Fund  USD 9.39  0.01  0.11%   
The current 90-days correlation between Jhancock Short Duration and Bts Tactical Fixed is 0.24 (i.e., Modest 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 0.07 (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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jhancock Short Duration. 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 gross domestic product.

Moving together with Jhancock Mutual Fund

  0.86FRBAX Regional BankPairCorr
  0.85FRBCX Regional BankPairCorr
  0.96JQLMX Multimanager LifestylePairCorr
  0.94JQLBX Multimanager LifestylePairCorr
  0.93JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.94JQLGX Multimanager LifestylePairCorr
  0.86JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.86JRGRX Regional BankPairCorr
  0.97JRLDX Retirement Living ThroughPairCorr
  0.97JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.97JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.97JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.94JRLQX Retirement Living ThroughPairCorr
  0.96JRLPX Multi Index 2020PairCorr
  0.94JRLUX Multi Index 2045PairCorr
  0.93JRLWX Retirement Living ThroughPairCorr
  0.94JRLVX Retirement Living ThroughPairCorr
  0.93JRLZX Retirement Living ThroughPairCorr
  0.93JROUX J Hancock IiPairCorr
  0.93JRODX J Hancock IiPairCorr
  0.93JAAFX Jhancock Multi IndexPairCorr
  0.94JAAJX Jhancock Multi IndexPairCorr
  0.96JAAIX Alternative AssetPairCorr
  0.93JAAKX Jhancock Multi IndexPairCorr
  0.96JAAPX Alternative AssetPairCorr
  0.96JRTBX Retirement Living ThroughPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.96JAARX Alternative AssetPairCorr
  0.96JRTDX Multi Index 2025PairCorr
  0.95JRTGX Retirement Living ThroughPairCorr
  0.96JRTFX Retirement Living ThroughPairCorr
  0.96JAASX Alternative AssetPairCorr
  0.95JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.95JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.

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