Jhancock Multimanager Correlations

Mutual Funds . USA . 
Fund . Jhancock Multimanager 2065
JABEX Fund  USD 13.29  0.10  0.76%   
The current 90-days correlation between Jhancock Multimanager and Locorr Dynamic Equity is 0.71 (i.e., Poor 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

Significant diversification

The correlation between Jhancock Multimanager 2065 and DJI is 0.08 (i.e., Significant 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 income.

Moving together with Jhancock Mutual Fund

  0.83FRBAX Regional BankPairCorr
  0.83FRBCX Regional BankPairCorr
  0.93JQLMX Multimanager LifestylePairCorr
  0.95JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.9JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.83JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.83JRGRX Regional BankPairCorr
  0.88JRLDX Retirement Living ThroughPairCorr
  0.89JRLFX Multi Index 2010PairCorr
  0.91JRLIX Retirement Living ThroughPairCorr
  0.88JRLHX Retirement Living ThroughPairCorr
  0.9JRLKX Multi Index 2015PairCorr
  0.9JRLLX Retirement Living ThroughPairCorr
  0.91JRLOX Retirement Living ThroughPairCorr
  0.85JRLQX Retirement Living ThroughPairCorr
  0.91JRLPX Multi Index 2020PairCorr
  0.96JRLUX Multi Index 2045PairCorr
  0.95JRLWX Retirement Living ThroughPairCorr
  0.96JRLVX Retirement Living ThroughPairCorr
  0.95JRLZX Retirement Living ThroughPairCorr
  0.9JROUX J Hancock IiPairCorr
  0.95JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  0.91JAAJX Jhancock Multi IndexPairCorr
  0.91JAAKX Jhancock Multi IndexPairCorr
  0.93JRTBX Retirement Living ThroughPairCorr
  0.91JRTAX Retirement Living ThroughPairCorr
  0.92JRTDX Multi Index 2025PairCorr
  0.94JRTGX Retirement Living ThroughPairCorr
  0.92JRTFX Retirement Living ThroughPairCorr
  0.95JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX 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 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.

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