John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Bond
JHBSX Fund  USD 13.60  0.03  0.22%   
The current 90-days correlation between John Hancock Bond and Vy Blackrock Inflation is 0.9 (i.e., Almost no 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

Average diversification

The correlation between John Hancock Bond and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Bond 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 Bond. 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 state.

Moving together with John Mutual Fund

  0.88JQLMX Multimanager LifestylePairCorr
  0.84JQLBX Multimanager LifestylePairCorr
  0.77JQLAX Multimanager LifestylePairCorr
  0.91JQLCX Multimanager LifestylePairCorr
  0.81JQLGX Multimanager LifestylePairCorr
  0.76JRETX J Hancock IiPairCorr
  0.91JRLDX Retirement Living ThroughPairCorr
  0.91JRLFX Multi Index 2010PairCorr
  0.9JRLIX Retirement Living ThroughPairCorr
  0.9JRLHX Retirement Living ThroughPairCorr
  0.9JRLKX Multi Index 2015PairCorr
  0.9JRLLX Retirement Living ThroughPairCorr
  0.89JRLOX Retirement Living ThroughPairCorr
  0.79JRLQX Retirement Living ThroughPairCorr
  0.9JRLPX Multi Index 2020PairCorr
  0.8JRLUX Multi Index 2045PairCorr
  0.78JRLWX Retirement Living ThroughPairCorr
  0.79JRLVX Retirement Living ThroughPairCorr
  0.77JRLZX Retirement Living ThroughPairCorr
  0.76JROUX J Hancock IiPairCorr
  0.78JRODX J Hancock IiPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.74JAAKX Jhancock Multi IndexPairCorr
  0.89JRTBX Retirement Living ThroughPairCorr
  0.89JRTAX Retirement Living ThroughPairCorr
  0.88JRTDX Multi Index 2025PairCorr
  0.86JRTGX Retirement Living ThroughPairCorr
  0.89JRTFX Retirement Living ThroughPairCorr
  0.87JRTIX Multi Index 2030PairCorr
  0.74JAAVX Jhancock MultimanagerPairCorr
  0.85JRTKX 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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