John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Global
JGYAX Fund  USD 12.01  0.07  0.58%   
The current 90-days correlation between John Hancock Global and Madison Diversified Income is 0.58 (i.e., Very weak 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 weak diversification

The correlation between John Hancock Global and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Global 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 Global. 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 nation.

Moving together with John Mutual Fund

  0.74JQLMX Multimanager LifestylePairCorr
  0.88JQLCX Multimanager LifestylePairCorr
  0.88JRLDX Retirement Living ThroughPairCorr
  0.88JRLFX Multi Index 2010PairCorr
  0.87JRLIX Retirement Living ThroughPairCorr
  0.88JRLHX Retirement Living ThroughPairCorr
  0.86JRLKX Multi Index 2015PairCorr
  0.87JRLLX Retirement Living ThroughPairCorr
  0.84JRLOX Retirement Living ThroughPairCorr
  0.84JRLPX Multi Index 2020PairCorr
  0.66JAAIX Alternative AssetPairCorr
  0.65JAAPX Alternative AssetPairCorr
  0.81JRTBX Retirement Living ThroughPairCorr
  0.84JRTAX Retirement Living ThroughPairCorr
  0.66JAARX Alternative AssetPairCorr
  0.81JRTDX Multi Index 2025PairCorr
  0.71JRTGX Retirement Living ThroughPairCorr
  0.82JRTFX Retirement Living ThroughPairCorr
  0.67JAASX Alternative AssetPairCorr
  0.71JRTIX Multi Index 2030PairCorr
  0.64JRTKX 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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