John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Funds
JHAPX Fund  USD 11.24  0.03  0.27%   
The current 90-days correlation between John Hancock Funds and Regional Bank Fund is 0.13 (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

Poor diversification

The correlation between John Hancock Funds and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Funds 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 Funds. 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

  0.98JQLMX Multimanager LifestylePairCorr
  0.86JQLBX Multimanager LifestylePairCorr
  0.95JQLCX Multimanager LifestylePairCorr
  0.72JQLGX Multimanager LifestylePairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.97JRLFX Multi Index 2010PairCorr
  0.9JRLIX Retirement Living ThroughPairCorr
  0.97JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.67JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.67JRLUX Multi Index 2045PairCorr
  0.62JRLWX Retirement Living ThroughPairCorr
  0.66JRLVX Retirement Living ThroughPairCorr
  0.61JRLZX Retirement Living ThroughPairCorr
  0.62JRODX J Hancock IiPairCorr
  0.61JAAJX Jhancock Multi IndexPairCorr
  0.72JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.7JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.92JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.92JRTIX Multi Index 2030PairCorr
  0.85JRTKX 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  1.18  0.25  0.16 (75.07) 1.00 
(1.49)
 2.76 
(1.66)
 15.75 
FRBCX  1.18  0.24  0.15 (27.75) 1.00 
(1.49)
 2.74 
(1.65)
 15.70 
JQLMX  0.23 (0.02)(0.21)(0.03) 0.27 
(0.26)
 0.56 
(0.48)
 1.43 
JQLBX  0.31 (0.02)(0.12) 0.02  0.33 
(0.37)
 0.66 
(0.58)
 2.06 
JQLAX  0.46  0.05  0.00  0.98  0.46 
(0.51)
 1.07 
(0.91)
 3.11 
JQLCX  0.15 (0.02) 0.00 (0.11) 0.00 
 0.00 
 0.34 
(0.33)
 1.00 
JQLGX  0.40 (0.01)(0.06) 0.05  0.41 
(0.45)
 0.90 
(0.69)
 2.65 
JRBFX  1.18  0.25  0.16 (38.83) 1.00 
(1.49)
 2.73 
(1.66)
 15.74 
JRETX  0.46  0.07  0.02  1.40  0.41 
(0.55)
 1.07 
(0.83)
 3.08 
JRGRX  1.18  0.25  0.16 (226.29) 1.00 
(1.49)
 2.76 
(1.65)
 15.70 

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