Jhancock Mgd Correlations

JHBMX Fund

9.58 0.03 0.31%

The current 90-days correlation between Jhancock Mgd Acct and Alternative Asset Allocation is 0.31 (i.e., Weak diversification). The correlation of Jhancock Mgd 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 Mgd Correlation With Market

Modest diversification

The correlation between Jhancock Mgd Acct and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Mgd Acct 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 Mgd Acct. 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 population.

Moving together with Jhancock Mutual Fund

0.73	JAAKX	Jhancock Multi Index	Pair Corr
0.72	JAAZX	Jhancock Multimanager	Pair Corr
0.69	JRTYX	Multi Index 2050	Pair Corr
0.72	JSCNX	John Hancock Ii	Pair Corr
0.73	JTKIX	Jhancock Global Thematic	Pair Corr
0.86	JCTFX	John Hancock High	Pair Corr
0.71	JDVNX	Jhancock Disciplined	Pair Corr
0.67	JEMQX	John Hancock Emerging	Pair Corr
0.75	JGECX	Jhancock Global Equity	Pair Corr
0.75	JGEFX	Global Equity	Pair Corr
0.75	JGEMX	Jhancock Global Equity	Pair Corr
0.75	JGERX	Jhancock Global Equity	Pair Corr
0.75	JGETX	Jhancock Global Equity	Pair Corr
0.99	JGIFX	John Hancock Government	Pair Corr
0.75	JYEBX	Jhancock Real Estate	Pair Corr
0.74	JHBLX	Jhancock Multi Index	Pair Corr
0.86	JHAAX	Global Absolute Return	Pair Corr
0.87	JHFMX	Jhancock Mgd Acct	Pair Corr
0.76	JHRDX	Retirement Living Through	Pair Corr
0.74	TAGRX	Fundamental Large Cap	Pair Corr
0.87	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.95	JMABX	John Hancock Managed	Pair Corr
1.0	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
0.75	VTBSX	Vanguard Total Bond	Pair Corr
0.75	VTBIX	Vanguard Total Bond	Pair Corr
0.75	VTBNX	Vanguard Total Bond	Pair Corr
0.99	BFAFX	Bond Fund	Pair Corr
0.76	ABNDX	Bond Fund	Pair Corr
0.75	BFACX	Bond Fund	Pair Corr
0.76	FFBOX	American Funds	Pair Corr

Related Correlations Analysis

	JAAPX	RHSIX	OPTCX	LEQCX	QDARX	LIOTX
JAAPX		0.58	0.65	0.7	-0.34	0.74	JAAPX
RHSIX	0.58		0.2	0.43	-0.3	0.71	RHSIX
OPTCX	0.65	0.2		0.89	-0.6	0.53	OPTCX
LEQCX	0.7	0.43	0.89		-0.76	0.79	LEQCX
QDARX	-0.34	-0.3	-0.6	-0.76		-0.67	QDARX
LIOTX	0.74	0.71	0.53	0.79	-0.67		LIOTX
	JAAPX	RHSIX	OPTCX	LEQCX	QDARX	LIOTX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LEQCX	+ 0.89	OPTCX
LIOTX	+ 0.79	LEQCX
LIOTX	+ 0.74	JAAPX
LIOTX	+ 0.71	RHSIX
LEQCX	+ 0.7	JAAPX
OPTCX	+ 0.65	JAAPX

High negative correlations

QDARX	- 0.76	LEQCX
LIOTX	- 0.67	QDARX
QDARX	- 0.6	OPTCX
QDARX	- 0.34	JAAPX
QDARX	- 0.3	RHSIX

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Mgd 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 Mgd'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
JAAPX	0.16	0.00	(0.08)	0.01	0.17	(0.20)	0.32	(0.31)	1.13
RHSIX	1.05	(0.06)	0.00	(0.09)	0.00	0.00	2.23	(2.58)	9.65
OPTCX	0.14	0.02	0.01	0.47	0.00	(0.20)	0.31	(0.31)	1.35
LEQCX	0.41	0.05	0.06	0.33	0.43	(0.44)	0.87	(0.71)	2.97
QDARX	0.10	(0.01)	0.00	5.45	0.00	0.00	0.25	(0.25)	0.74
LIOTX	0.89	0.05	0.03	0.11	1.25	(0.91)	2.13	(1.97)	6.56

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