John Hancock Correlations

Mutual Funds USA . 
Fund . John Hancock Funds
JHBEX Fund  USD 14.72  0.11  0.75%   
The current 90-days correlation between John Hancock Funds and Regional Bank Fund is 0.12 (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

Very poor diversification

The correlation between John Hancock Funds and DJI is 0.82 (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 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 income.

Moving together with John Mutual Fund

  0.67FRBAX Regional BankPairCorr
  0.67FRBCX Regional BankPairCorr
  0.82JQLMX Multimanager LifestylePairCorr
  0.95JQLBX Multimanager LifestylePairCorr
  0.88JQLAX Multimanager LifestylePairCorr
  0.67JQLCX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.67JRBFX Regional BankPairCorr
  0.86JRETX J Hancock IiPairCorr
  0.67JRGRX Regional BankPairCorr
  0.67JRLDX Retirement Living ThroughPairCorr
  0.65JRLFX Multi Index 2010PairCorr
  0.73JRLIX Retirement Living ThroughPairCorr
  0.66JRLHX Retirement Living ThroughPairCorr
  0.71JRLKX Multi Index 2015PairCorr
  0.73JRLLX Retirement Living ThroughPairCorr
  0.78JRLOX Retirement Living ThroughPairCorr
  1.0JRLQX Retirement Living ThroughPairCorr
  0.76JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  0.87JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  0.98JROUX J Hancock IiPairCorr
  1.0JRODX J Hancock IiPairCorr
  0.86JAAFX Jhancock Multi IndexPairCorr
  0.86JAAJX Jhancock Multi IndexPairCorr
  0.76JAAIX Alternative AssetPairCorr
  0.86JAAKX Jhancock Multi IndexPairCorr
  0.9JAAPX Alternative AssetPairCorr
  0.83JRTBX Retirement Living ThroughPairCorr
  0.77JRTAX Retirement Living ThroughPairCorr
  0.9JAARX Alternative AssetPairCorr
  0.81JRTDX Multi Index 2025PairCorr
  0.91JRTGX Retirement Living ThroughPairCorr
  0.83JRTFX Retirement Living ThroughPairCorr
  0.89JAASX Alternative AssetPairCorr
  0.91JRTIX Multi Index 2030PairCorr
  0.86JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX 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  1.26 (0.01) 0.00 (0.12) 0.00 
 0.00 
 2.76 
(3.03)
 18.58 
FRBCX  1.26 (0.02) 0.00 (0.21) 0.00 
 0.00 
 2.74 
(3.07)
 18.87 
JQLMX  0.25 (0.04) 0.00 (0.10) 0.00 
 0.00 
 0.49 
(0.56)
 1.99 
JQLBX  0.33 (0.03) 0.00 (0.04) 0.00 
 0.00 
 0.66 
(0.65)
 2.69 
JQLAX  0.49 (0.01)(0.05)(0.03) 0.71 
(0.49)
 0.94 
(0.92)
 4.37 
JQLCX  0.16 (0.04) 0.00 (0.18) 0.00 
 0.00 
 0.33 
(0.34)
 1.42 
JQLGX  0.42 (0.03)(0.06)(0.01) 0.61 
(0.44)
 0.75 
(0.76)
 3.64 
JRBFX  1.26 (0.01) 0.00 (0.12) 0.00 
 0.00 
 2.73 
(3.07)
 18.66 
JRETX  0.48  0.01 (0.02) 0.17  0.67 
(0.53)
 1.00 
(0.91)
 4.39 
JRGRX  1.26 (0.01) 0.00 (0.12) 0.00 
 0.00 
 2.76 
(3.07)
 18.69 

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