Jhancock Global Correlations

JGECX Fund

USD 12.28 0.12 0.99%

The current 90-days correlation between Jhancock Global Equity and Shelton Emerging Markets is -0.09 (i.e., Good diversification). The correlation of Jhancock Global 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Jhancock Global Equity. 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 main economic indicators.

Moving together with Jhancock Mutual Fund

0.92	FRBAX	Regional Bank	Pair Corr
0.92	FRBCX	Regional Bank	Pair Corr
0.71	JQLAX	Multimanager Lifestyle	Pair Corr
0.69	JQLGX	Multimanager Lifestyle	Pair Corr
0.92	JRBFX	Regional Bank	Pair Corr
0.7	JRETX	J Hancock Ii	Pair Corr
0.92	JRGRX	Regional Bank	Pair Corr
0.7	JROUX	J Hancock Ii	Pair Corr
0.75	JAAFX	Jhancock Multi Index	Pair Corr
0.76	JAAJX	Jhancock Multi Index	Pair Corr
0.76	JAAKX	Jhancock Multi Index	Pair Corr
0.73	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	EMSLX	IGIEX	MDBSX	FTFZX	CDHIX	SEDAX
EMSLX		0.79	0.7	0.67	0.83	0.83	EMSLX
IGIEX	0.79		0.91	0.91	0.88	0.94	IGIEX
MDBSX	0.7	0.91		0.89	0.77	0.8	MDBSX
FTFZX	0.67	0.91	0.89		0.86	0.9	FTFZX
CDHIX	0.83	0.88	0.77	0.86		0.96	CDHIX
SEDAX	0.83	0.94	0.8	0.9	0.96		SEDAX
	EMSLX	IGIEX	MDBSX	FTFZX	CDHIX	SEDAX

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Global 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 Jhancock Global'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
EMSLX	0.66	0.00	0.02	(0.03)	0.99	(0.60)	1.25	(1.36)	3.47
IGIEX	0.26	0.04	0.14	0.52	0.21	(0.35)	0.72	(0.49)	1.57
MDBSX	0.23	0.04	0.19	0.45	0.09	(0.32)	0.75	(0.38)	1.38
FTFZX	0.08	0.01	0.16	0.21	0.00	(0.16)	0.20	(0.10)	0.78
CDHIX	0.58	0.08	0.10	0.14	0.70	(0.60)	1.20	(1.24)	3.59
SEDAX	0.26	0.03	0.16	0.53	0.19	(0.33)	0.60	(0.36)	1.56

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Jhancock Global Correlations

Moving together with Jhancock Mutual Fund

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