John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JABKX Fund  USD 11.09  0.06  0.54%   
The current 90-days correlation between John Hancock Funds and Investec Emerging Markets is 0.38 (i.e., Weak 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 Funds and DJI is 0.52 (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 Funds 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 Funds. 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 industry.

Moving together with John Mutual Fund

  0.65FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.88JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.94JQLGX Multimanager LifestylePairCorr
  0.66JRBFX Regional BankPairCorr
  0.87JRETX J Hancock IiPairCorr
  0.66JRGRX Regional BankPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.94JRLFX Multi Index 2010PairCorr
  0.97JRLIX Retirement Living ThroughPairCorr
  0.98JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.97JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.95JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.95JRLUX Multi Index 2045PairCorr
  0.94JRLWX Retirement Living ThroughPairCorr
  0.95JRLVX Retirement Living ThroughPairCorr
  0.9JRLZX Retirement Living ThroughPairCorr
  0.87JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.71JAAFX Jhancock Multi IndexPairCorr
  0.83JAAJX Jhancock Multi IndexPairCorr
  0.71JAAKX Jhancock Multi IndexPairCorr
  0.8JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.65JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.98JRTFX Retirement Living ThroughPairCorr
  0.8JAASX Alternative AssetPairCorr
  0.97JRTIX Multi Index 2030PairCorr
  0.84JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX 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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