Jhancock Blue Correlations

JHBCX Fund

60.86 0.86 1.39%

The current 90-days correlation between Jhancock Blue Chip and Regional Bank Fund is 0.09 (i.e., Significant diversification). The correlation of Jhancock Blue 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.

Jhancock Blue Correlation With Market

Significant diversification

The correlation between Jhancock Blue Chip and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Blue Chip 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 Jhancock Blue Chip. 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

0.71	FRBAX	Regional Bank	Pair Corr
0.78	FRBCX	Regional Bank	Pair Corr
0.61	JQLAX	Multimanager Lifestyle	Pair Corr
0.71	JRBFX	Regional Bank	Pair Corr
0.78	JRGRX	Regional Bank	Pair Corr
0.64	JAAFX	Jhancock Multi Index	Pair Corr
0.67	JAAIX	Alternative Asset	Pair Corr
0.64	JAAKX	Jhancock Multi Index	Pair Corr
0.67	JAASX	Alternative Asset	Pair Corr
0.68	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JQLGX	JRBFX	JRETX	JRGRX
FRBAX		0.95	0.56	0.68	0.73	0.45	0.72	1.0	0.76	0.95	FRBAX
FRBCX	0.95		0.53	0.64	0.76	0.44	0.69	0.95	0.73	1.0	FRBCX
JQLMX	0.56	0.53		0.98	0.85	0.99	0.95	0.56	0.89	0.53	JQLMX
JQLBX	0.68	0.64	0.98		0.89	0.94	0.99	0.68	0.95	0.64	JQLBX
JQLAX	0.73	0.76	0.85	0.89		0.8	0.89	0.73	0.89	0.75	JQLAX
JQLCX	0.45	0.44	0.99	0.94	0.8		0.9	0.45	0.81	0.43	JQLCX
JQLGX	0.72	0.69	0.95	0.99	0.89	0.9		0.72	0.98	0.68	JQLGX
JRBFX	1.0	0.95	0.56	0.68	0.73	0.45	0.72		0.76	0.95	JRBFX
JRETX	0.76	0.73	0.89	0.95	0.89	0.81	0.98	0.76		0.73	JRETX
JRGRX	0.95	1.0	0.53	0.64	0.75	0.43	0.68	0.95	0.73		JRGRX
	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JQLGX	JRBFX	JRETX	JRGRX

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Blue 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 Blue'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
FRBAX	1.22	0.05	0.02	0.29	1.66	(1.50)	2.76	(2.89)	18.58
FRBCX	1.25	(0.02)	0.00	0.21	0.00	0.00	2.74	(3.07)	18.87
JQLMX	0.27	(0.05)	0.00	(0.44)	0.00	0.00	0.49	(0.56)	2.17
JQLBX	0.35	(0.05)	0.00	(0.33)	0.00	0.00	0.65	(0.72)	2.69
JQLAX	0.52	(0.07)	0.00	(0.58)	0.00	0.00	0.87	(0.93)	4.83
JQLCX	0.18	(0.05)	0.00	(0.58)	0.00	0.00	0.33	(0.50)	1.68
JQLGX	0.46	(0.06)	0.00	(0.30)	0.00	0.00	0.75	(0.81)	4.30
JRBFX	1.22	0.05	0.02	0.30	1.66	(1.50)	2.73	(2.93)	18.66
JRETX	0.55	(0.05)	0.00	(0.20)	0.00	0.00	1.00	(0.98)	5.63
JRGRX	1.24	(0.01)	0.00	0.14	0.00	0.00	2.76	(3.07)	18.69

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Jhancock Blue Correlations

Jhancock Blue Correlation With Market

Significant diversification

Moving together with Jhancock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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