John Hancock Correlations

JAFUX Fund

USD 20.46 0.03 0.15%

The current 90-days correlation between John Hancock Variable and Science Technology Fund is 0.1 (i.e., Average 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

Significant diversification

The correlation between John Hancock Variable and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Variable 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 Variable. 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 employment.

Moving together with John Mutual Fund

0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.96	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSTSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.98	MBCZX	Massmutual Select Blue Potential Growth	Pair Corr
0.98	DTGRX	Dreyfus Technology Growth	Pair Corr
0.91	AFOZX	Alger Funds Mid	Pair Corr
0.95	AULDX	Ultra Fund R6	Pair Corr
0.93	PSDSX	Palmer Square Ultra	Pair Corr
0.95	HGOSX	Hartford Growth	Pair Corr
0.72	PAGRX	Aggressive Growth	Pair Corr
0.95	ETCEX	Eventide Exponential	Pair Corr
0.89	AFRFX	Invesco Floating Rate	Pair Corr
0.84	WUSRX	Wells Fargo Ultra	Pair Corr
0.93	CFSIX	Touchstone Sands Capital	Pair Corr
0.81	PHSKX	Virtus Kar Mid	Pair Corr
0.91	HAGAX	Eagle Mid Cap	Pair Corr
0.78	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.95	HGOVX	Hartford Growth	Pair Corr
0.79	RFXIX	Rational Special Sit	Pair Corr
0.91	DSHZX	Brinker Capital Dest	Pair Corr
0.84	TPZ	Tortoise Capital Series	Pair Corr
0.8	CVVRX	Columbia Small Cap	Pair Corr
0.83	LMOFX	Miller Opportunity Trust	Pair Corr
0.86	ASG	Liberty All Star	Pair Corr
0.83	SGYAX	Siit High Yield	Pair Corr
0.62	PFPNX	Pimco Capital Sec	Pair Corr
0.88	CFNDX	Cargile Fund	Pair Corr
0.91	AFOIX	Alger Mid Cap	Pair Corr
0.87	FRSGX	Franklin Small Mid	Pair Corr
0.97	CADVX	Calamos Dividend Growth	Pair Corr

Moving against John Mutual Fund

0.68	VGTSX	Vanguard Total Inter	Pair Corr
0.68	VTIAX	Vanguard Total Inter	Pair Corr
0.68	NHS	Neuberger Berman High	Pair Corr
0.56	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	USTCX	HTECX	ROGSX	MTCCX	BSTSX	PGKCX
USTCX		0.87	0.83	0.5	0.84	0.9	USTCX
HTECX	0.87		0.74	0.63	0.76	0.72	HTECX
ROGSX	0.83	0.74		0.42	0.63	0.76	ROGSX
MTCCX	0.5	0.63	0.42		0.5	0.35	MTCCX
BSTSX	0.84	0.76	0.63	0.5		0.93	BSTSX
PGKCX	0.9	0.72	0.76	0.35	0.93		PGKCX
	USTCX	HTECX	ROGSX	MTCCX	BSTSX	PGKCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USTCX	0.95	0.11	0.07	0.13	1.29	(0.90)	1.89	(1.88)	7.13
HTECX	0.98	0.00	0.00	0.02	1.59	(0.89)	1.73	(2.31)	9.04
ROGSX	0.81	0.03	0.02	0.05	1.21	(0.80)	1.50	(2.23)	6.33
MTCCX	1.15	(0.17)	0.00	(0.13)	0.00	0.00	2.01	(2.31)	20.86
BSTSX	1.03	0.08	0.03	0.79	1.75	(0.97)	2.16	(2.49)	8.70
PGKCX	1.02	0.16	0.09	1.18	1.41	(0.98)	2.27	(2.65)	7.15

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