John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JABKX Fund  USD 10.97  0.02  0.18%   
The current 90-days correlation between John Hancock Funds and Ab Global Bond is 0.39 (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

Poor diversification

The correlation between John Hancock Funds and DJI is 0.68 (i.e., Poor 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

  0.86JRTVX Multi Index 2040PairCorr
  0.78JABQX John Hancock FundsPairCorr
  0.98JALMX Multimanager LifestylePairCorr
  0.75JTGIX Multimanager LifestylePairCorr
  0.99JTMIX Multimanager LifestylePairCorr
  0.73JCTFX John Hancock HighPairCorr
  0.67JDJRX Jhancock DiversifiedPairCorr
  0.68JYEBX Jhancock Real EstatePairCorr
  0.79JHBEX John Hancock FundsPairCorr
  0.69JHFMX Jhancock Mgd AcctPairCorr
  0.75JHIKX Multi Index 2060PairCorr
  0.88JHLAX Multimanager LifestylePairCorr
  0.94JIAGX Income AllocationPairCorr
  0.95JLAEX Retirement Living ThroughPairCorr
  0.72JLFSX Jhancock Global ClimatePairCorr
  0.75JLIHX Retirement Living ThroughPairCorr
  0.75JLIOX Retirement Living ThroughPairCorr
  1.0JLMOX Lifestyle Ii ModeratePairCorr
  0.88VWINX Vanguard Wellesley IncomePairCorr
  0.86VWIAX Vanguard Wellesley IncomePairCorr
  0.94BKMIX Blackrock Multi AssetPairCorr
  0.87HBLTX Hartford BalancedPairCorr
  0.87HBLRX Hartford BalancedPairCorr

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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