Jhancock Multimanager Correlations

Mutual Funds . USA . 
Fund . Jhancock Multimanager 2065
JAAWX Fund  USD 13.03  0.14  1.06%   
The current 90-days correlation between Jhancock Multimanager and Fidelity Managed Retirement is -0.06 (i.e., Good diversification). The correlation of Jhancock Multimanager 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 Multimanager Correlation With Market

Poor diversification

The correlation between Jhancock Multimanager 2065 and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Multimanager 2065 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 Multimanager 2065. 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 housing.

Moving together with Jhancock Mutual Fund

  0.9FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.75JQLMX Multimanager LifestylePairCorr
  0.93JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.9JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.9JRGRX Regional BankPairCorr
  0.97JRLQX Retirement Living ThroughPairCorr
  0.97JRLUX Multi Index 2045PairCorr
  0.98JRLWX Retirement Living ThroughPairCorr
  0.97JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.73JAAIX Alternative AssetPairCorr
  0.73JAARX Alternative AssetPairCorr
  0.65JRTDX Multi Index 2025PairCorr
  0.8JRTGX Retirement Living ThroughPairCorr
  0.64JRTFX Retirement Living ThroughPairCorr
  0.74JAASX Alternative AssetPairCorr
  0.81JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.77JRTKX Retirement Living ThroughPairCorr
  0.8JRTJX Retirement Living ThroughPairCorr
  0.88JRTMX Multi Index 2035PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Multimanager 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 Multimanager'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY