John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Enduring
JEEBX Fund  USD 14.46  0.02  0.14%   
The current 90-days correlation between John Hancock Enduring and Columbia Real Estate is 0.7 (i.e., Poor 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

Modest diversification

The correlation between John Hancock Enduring and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Enduring 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 Enduring. 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 bureau of labor statistics.

Moving together with John Mutual Fund

  0.65JQLMX Multimanager LifestylePairCorr
  0.62JQLBX Multimanager LifestylePairCorr
  0.65JQLCX Multimanager LifestylePairCorr
  0.67JRLDX Retirement Living ThroughPairCorr
  0.68JRLFX Multi Index 2010PairCorr
  0.68JRLIX Retirement Living ThroughPairCorr
  0.67JRLHX Retirement Living ThroughPairCorr
  0.69JRLKX Multi Index 2015PairCorr
  0.68JRLLX Retirement Living ThroughPairCorr
  0.69JRLOX Retirement Living ThroughPairCorr
  0.69JRLPX Multi Index 2020PairCorr
  0.68JRTBX Retirement Living ThroughPairCorr
  0.68JRTAX Retirement Living ThroughPairCorr
  0.69JRTDX Multi Index 2025PairCorr
  0.65JRTGX Retirement Living ThroughPairCorr
  0.68JRTFX Retirement Living ThroughPairCorr
  0.65JRTIX Multi Index 2030PairCorr

Related Correlations Analysis

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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY