John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Investment
TIUSX Fund  USD 9.06  0.03  0.33%   
The current 90-days correlation between John Hancock Investment and Regional Bank Fund is 0.03 (i.e., Significant 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

Modest diversification

The correlation between John Hancock Investment and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Investment and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in John Hancock Investment. 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 state.

Moving together with John Mutual Fund

  0.66FRBAX Regional BankPairCorr
  0.65FRBCX Regional BankPairCorr
  0.76JQLMX Multimanager LifestylePairCorr
  0.72JQLBX Multimanager LifestylePairCorr
  0.69JQLAX Multimanager LifestylePairCorr
  0.81JQLCX Multimanager LifestylePairCorr
  0.7JQLGX Multimanager LifestylePairCorr
  0.66JRBFX Regional BankPairCorr
  0.69JRETX J Hancock IiPairCorr
  0.66JRGRX Regional BankPairCorr
  0.8JRLDX Retirement Living ThroughPairCorr
  0.8JRLFX Multi Index 2010PairCorr
  0.79JRLIX Retirement Living ThroughPairCorr
  0.8JRLHX Retirement Living ThroughPairCorr
  0.78JRLKX Multi Index 2015PairCorr
  0.79JRLLX Retirement Living ThroughPairCorr
  0.77JRLOX Retirement Living ThroughPairCorr
  0.7JRLQX Retirement Living ThroughPairCorr
  0.77JRLPX Multi Index 2020PairCorr
  0.7JRLUX Multi Index 2045PairCorr
  0.7JRLWX Retirement Living ThroughPairCorr
  0.7JRLVX Retirement Living ThroughPairCorr
  0.7JRLZX Retirement Living ThroughPairCorr
  0.69JROUX J Hancock IiPairCorr
  0.7JRODX J Hancock IiPairCorr
  0.7JAAFX Jhancock Multi IndexPairCorr
  0.7JAAJX Jhancock Multi IndexPairCorr
  0.73JAAIX Alternative AssetPairCorr
  0.7JAAKX Jhancock Multi IndexPairCorr
  0.73JAAPX Alternative AssetPairCorr
  0.76JRTBX Retirement Living ThroughPairCorr
  0.77JRTAX Retirement Living ThroughPairCorr
  0.73JAARX Alternative AssetPairCorr
  0.76JRTDX Multi Index 2025PairCorr
  0.74JRTGX Retirement Living ThroughPairCorr
  0.76JRTFX Retirement Living ThroughPairCorr
  0.73JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.69JAAVX Jhancock MultimanagerPairCorr
  0.72JRTKX 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  0.19  0.16  0.30  0.92 
(1.32)
 2.61 
(1.40)
 6.87 
FRBCX  1.08  0.19  0.16  0.30  0.92 
(1.31)
 2.58 
(1.42)
 6.80 
JQLMX  0.25  0.06 (0.07) 0.30  0.00 
(0.30)
 0.81 
(0.47)
 1.74 
JQLBX  0.34  0.08  0.01  0.30  0.00 
(0.41)
 1.11 
(0.70)
 2.38 
JQLAX  0.49  0.11  0.10  0.30  0.34 
(0.57)
 1.63 
(1.18)
 3.50 
JQLCX  0.17  0.04 (0.21) 0.34  0.00 
(0.23)
 0.44 
(0.25)
 1.29 
JQLGX  0.43  0.10  0.06  0.30  0.23 
(0.52)
 1.34 
(1.05)
 3.04 
JRBFX  1.10  0.19  0.17  0.30  0.92 
(1.33)
 2.62 
(1.40)
 6.88 
JRETX  0.51  0.12  0.11  0.30  0.33 
(0.61)
 1.71 
(1.24)
 3.61 
JRGRX  1.10  0.19  0.16  0.30  0.92 
(1.33)
 2.58 
(1.40)
 6.88 

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