John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JVLAX Fund  USD 25.54  0.03  0.12%   
The current 90-days correlation between John Hancock Disciplined and Regional Bank Fund is 0.79 (i.e., Poor 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

Good diversification

The correlation between John Hancock Disciplined and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined 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 Disciplined. 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 nation.

Moving together with John Mutual Fund

  0.94FRBAX Regional BankPairCorr
  0.93FRBCX Regional BankPairCorr
  0.97JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.91JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.91JRGRX Regional BankPairCorr
  0.97JRLDX Retirement Living ThroughPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.97JRLIX Retirement Living ThroughPairCorr
  0.97JRLHX Retirement Living ThroughPairCorr
  0.97JRLKX Multi Index 2015PairCorr
  0.97JRLLX Retirement Living ThroughPairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.98JRLUX Multi Index 2045PairCorr
  0.98JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  0.98JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.98JAAJX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.97JRTBX Retirement Living ThroughPairCorr
  0.97JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.98JRTGX Retirement Living ThroughPairCorr
  0.97JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  0.98JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX Retirement Living ThroughPairCorr
  0.98JRTJX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.08  0.35  0.16 (2.15) 0.92 
(1.32)
 2.61 
(1.40)
 6.87 
FRBCX  1.08  0.35  0.15 (2.17) 0.92 
(1.31)
 2.58 
(1.42)
 6.80 
JQLMX  0.25  0.05 (0.08) 0.30  0.00 
(0.30)
 0.81 
(0.47)
 1.74 
JQLBX  0.34  0.07  0.00  0.29  0.00 
(0.41)
 1.11 
(0.70)
 2.38 
JQLAX  0.49  0.21  0.09 (2.79) 0.34 
(0.57)
 1.63 
(1.18)
 3.50 
JQLCX  0.17  0.04 (0.23) 0.34  0.00 
(0.23)
 0.44 
(0.25)
 1.29 
JQLGX  0.43  0.09  0.05  0.29  0.22 
(0.52)
 1.34 
(1.05)
 3.04 
JRBFX  1.08  0.15  0.14  0.27  0.93 
(1.32)
 2.62 
(1.40)
 6.88 
JRETX  0.51  0.11  0.10  0.30  0.33 
(0.60)
 1.71 
(1.24)
 3.61 
JRGRX  1.08  0.15  0.14  0.27  0.93 
(1.32)
 2.58 
(1.40)
 6.88 

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