John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock International
GOGIX Fund  USD 29.43  0.81  2.83%   
The current 90-days correlation between John Hancock Interna and John Hancock Bond is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between John Hancock International and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock International 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 International. 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 John Mutual Fund

  0.85JQLMX Multimanager LifestylePairCorr
  0.79JQLBX Multimanager LifestylePairCorr
  0.88JQLCX Multimanager LifestylePairCorr
  0.67JQLGX Multimanager LifestylePairCorr
  0.87JRLDX Retirement Living ThroughPairCorr
  0.87JRLFX Multi Index 2010PairCorr
  0.87JRLIX Retirement Living ThroughPairCorr
  0.88JRLHX Retirement Living ThroughPairCorr
  0.87JRLKX Multi Index 2015PairCorr
  0.87JRLLX Retirement Living ThroughPairCorr
  0.85JRLOX Retirement Living ThroughPairCorr
  0.8JRLQX Retirement Living ThroughPairCorr
  0.85JRLPX Multi Index 2020PairCorr
  0.79JRLUX Multi Index 2045PairCorr
  0.78JRLWX Retirement Living ThroughPairCorr
  0.8JRLVX Retirement Living ThroughPairCorr
  0.78JRLZX Retirement Living ThroughPairCorr
  0.78JRODX J Hancock IiPairCorr
  0.89JAAIX Alternative AssetPairCorr
  0.9JAAPX Alternative AssetPairCorr
  0.84JRTBX Retirement Living ThroughPairCorr
  0.86JRTAX Retirement Living ThroughPairCorr
  0.89JAARX Alternative AssetPairCorr
  0.84JRTDX Multi Index 2025PairCorr
  0.84JRTGX Retirement Living ThroughPairCorr
  0.84JRTFX Retirement Living ThroughPairCorr
  0.9JAASX Alternative AssetPairCorr
  0.82JRTIX Multi Index 2030PairCorr
  0.83JRTKX 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.

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