John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Variable
JFIVX Fund  USD 62.52  0.34  0.54%   
The current 90-days correlation between John Hancock Variable and Regional Bank Fund is 0.06 (i.e., Significant 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

Very poor diversification

The correlation between John Hancock Variable and DJI is 0.81 (i.e., Very poor 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 real.

Moving together with John Mutual Fund

  0.91FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  0.82JQLBX Multimanager LifestylePairCorr
  0.91JQLAX Multimanager LifestylePairCorr
  0.91JQLGX Multimanager LifestylePairCorr
  0.91JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.91JRGRX Regional BankPairCorr
  0.93JRLQX Retirement Living ThroughPairCorr
  0.93JRLUX Multi Index 2045PairCorr
  0.94JRLWX Retirement Living ThroughPairCorr
  0.9JRLVX Retirement Living ThroughPairCorr
  0.91JRLZX Retirement Living ThroughPairCorr
  0.96JROUX J Hancock IiPairCorr
  0.95JRODX J Hancock IiPairCorr
  0.91JAAFX Jhancock Multi IndexPairCorr
  0.91JAAJX Jhancock Multi IndexPairCorr
  0.8JAAIX Alternative AssetPairCorr
  0.91JAAKX Jhancock Multi IndexPairCorr
  0.81JAAPX Alternative AssetPairCorr
  0.84JAARX Alternative AssetPairCorr
  0.72JRTGX Retirement Living ThroughPairCorr
  0.82JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.83JRTKX Retirement Living ThroughPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.20  0.28  0.14 (35.95) 1.00 
(1.50)
 2.76 
(1.66)
 15.75 
FRBCX  1.20  0.28  0.14 (20.85) 1.00 
(1.50)
 2.74 
(1.65)
 15.70 
JQLMX  0.24 (0.01)(0.27) 0.06  0.23 
(0.27)
 0.56 
(0.48)
 1.43 
JQLBX  0.32  0.00 (0.14) 0.09  0.28 
(0.38)
 0.66 
(0.58)
 2.06 
JQLAX  0.48  0.10  0.00  1.36  0.36 
(0.53)
 1.07 
(0.91)
 3.11 
JQLCX  0.16 (0.01)(0.41) 0.01  0.15 
(0.20)
 0.34 
(0.33)
 1.00 
JQLGX  0.41  0.01 (0.08) 0.11  0.33 
(0.46)
 0.90 
(0.69)
 2.65 
JRBFX  1.20  0.28  0.14 (25.80) 1.00 
(1.50)
 2.73 
(1.66)
 15.74 
JRETX  0.47  0.11  0.02  1.59  0.35 
(0.58)
 1.07 
(0.83)
 3.08 
JRGRX  1.20  0.28  0.15 (57.49) 0.99 
(1.50)
 2.76 
(1.65)
 15.70 

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