John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JDVPX Fund  USD 22.66  0.02  0.09%   
The current 90-days correlation between John Hancock Disciplined and Small Pany Growth is 0.14 (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

Average diversification

The correlation between John Hancock Disciplined and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined 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 Disciplined. 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 american community survey.

Moving together with John Mutual Fund

  0.78FRBAX Regional BankPairCorr
  0.8FRBCX Regional BankPairCorr
  0.8JQLMX Multimanager LifestylePairCorr
  0.77JQLBX Multimanager LifestylePairCorr
  0.77JQLAX Multimanager LifestylePairCorr
  0.79JQLCX Multimanager LifestylePairCorr
  0.79JQLGX Multimanager LifestylePairCorr
  0.78JRBFX Regional BankPairCorr
  0.64JRETX J Hancock IiPairCorr
  0.78JRGRX Regional BankPairCorr
  0.8JRLDX Retirement Living ThroughPairCorr
  0.8JRLFX Multi Index 2010PairCorr
  0.8JRLIX Retirement Living ThroughPairCorr
  0.81JRLHX Retirement Living ThroughPairCorr
  0.82JRLKX Multi Index 2015PairCorr
  0.82JRLLX Retirement Living ThroughPairCorr
  0.81JRLOX Retirement Living ThroughPairCorr
  0.69JRLQX Retirement Living ThroughPairCorr
  0.81JRLPX Multi Index 2020PairCorr
  0.68JRLUX Multi Index 2045PairCorr
  0.67JRLWX Retirement Living ThroughPairCorr
  0.7JRLVX Retirement Living ThroughPairCorr
  0.66JRLZX Retirement Living ThroughPairCorr
  0.71JROUX J Hancock IiPairCorr
  0.66JRODX J Hancock IiPairCorr
  0.72JAAFX Jhancock Multi IndexPairCorr
  0.73JAAJX Jhancock Multi IndexPairCorr
  0.81JRTBX Retirement Living ThroughPairCorr
  0.82JRTAX Retirement Living ThroughPairCorr
  0.64JRTDX Multi Index 2025PairCorr
  0.8JRTGX Retirement Living ThroughPairCorr
  0.82JRTFX Retirement Living ThroughPairCorr
  0.79JRTIX Multi Index 2030PairCorr
  0.72JAAVX Jhancock MultimanagerPairCorr
  0.78JRTKX 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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