John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JABMX Fund  USD 11.62  0.02  0.17%   
The current 90-days correlation between John Hancock Funds and T Rowe Price is 0.23 (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

Poor diversification

The correlation between John Hancock Funds and DJI is 0.72 (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 population.

Moving together with John Mutual Fund

  0.98JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.83JQLAX Multimanager LifestylePairCorr
  0.83JQLCX Multimanager LifestylePairCorr
  0.91JQLGX Multimanager LifestylePairCorr
  0.83JRETX J Hancock IiPairCorr
  0.79JRLFX Multi Index 2010PairCorr
  0.86JRLIX Retirement Living ThroughPairCorr
  0.78JRLHX Retirement Living ThroughPairCorr
  0.87JRLKX Multi Index 2015PairCorr
  0.86JRLLX Retirement Living ThroughPairCorr
  0.92JRLOX Retirement Living ThroughPairCorr
  0.95JRLUX Multi Index 2045PairCorr
  0.92JRLWX Retirement Living ThroughPairCorr
  0.93JRLZX Retirement Living ThroughPairCorr
  0.82JROUX J Hancock IiPairCorr
  0.92JRODX J Hancock IiPairCorr
  0.8JAAJX Jhancock Multi IndexPairCorr
  0.9JAAIX Alternative AssetPairCorr
  0.92JRTAX Retirement Living ThroughPairCorr
  0.9JAARX Alternative AssetPairCorr
  0.95JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.95JRTFX Retirement Living ThroughPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.8JAAVX Jhancock MultimanagerPairCorr
  1.0JRTKX Retirement Living ThroughPairCorr
  1.0JRTJX Retirement Living ThroughPairCorr
  0.79JAAWX Jhancock MultimanagerPairCorr
  1.0JRTMX Multi Index 2035PairCorr
  1.0JRTNX Retirement Living ThroughPairCorr
  0.8JABDX Jhancock MultimanagerPairCorr
  0.98JRTTX Retirement Living ThroughPairCorr
  0.8JABBX Jhancock MultimanagerPairCorr
  0.75JABFX Jhancock Real EstatePairCorr
  0.98JRTWX Retirement Living ThroughPairCorr
  0.8JABEX Jhancock MultimanagerPairCorr
  0.98JRTVX Multi Index 2040PairCorr

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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