John Hancock Correlations

JHBSX Fund

USD 13.55 0.02 0.15%

The current 90-days correlation between John Hancock Bond and Qs Small Capitalization is 0.28 (i.e., Modest 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 0.16 (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

0.79	JQLCX	Multimanager Lifestyle	Pair Corr
0.83	JRLDX	Retirement Living Through	Pair Corr
0.82	JRLFX	Multi Index 2010	Pair Corr
0.75	JRLIX	Retirement Living Through	Pair Corr
0.83	JRLHX	Retirement Living Through	Pair Corr
0.75	JRLKX	Multi Index 2015	Pair Corr
0.76	JRLLX	Retirement Living Through	Pair Corr
0.67	JRLOX	Retirement Living Through	Pair Corr
0.66	JRLPX	Multi Index 2020	Pair Corr
0.67	JRTAX	Retirement Living Through	Pair Corr

Moving against John Mutual Fund

0.34	FRBCX	Regional Bank	Pair Corr
0.33	FRBAX	Regional Bank	Pair Corr
0.33	JRBFX	Regional Bank	Pair Corr
0.33	JRGRX	Regional Bank	Pair Corr

Related Correlations Analysis

	LMBMX	SECAX	TISVX	ESCIX	ARTSX	TVOYX	QSERX
LMBMX		0.96	-0.53	0.52	0.97	0.96	0.94	LMBMX
SECAX	0.96		-0.46	0.48	0.9	0.92	0.96	SECAX
TISVX	-0.53	-0.46		0.2	-0.55	-0.4	-0.4	TISVX
ESCIX	0.52	0.48	0.2		0.51	0.54	0.47	ESCIX
ARTSX	0.97	0.9	-0.55	0.51		0.95	0.85	ARTSX
TVOYX	0.96	0.92	-0.4	0.54	0.95		0.88	TVOYX
QSERX	0.94	0.96	-0.4	0.47	0.85	0.88		QSERX
	LMBMX	SECAX	TISVX	ESCIX	ARTSX	TVOYX	QSERX

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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

ARTSX	+ 0.97	LMBMX
SECAX	+ 0.96	LMBMX
TVOYX	+ 0.96	LMBMX
QSERX	+ 0.96	SECAX
TVOYX	+ 0.95	ARTSX
QSERX	+ 0.94	LMBMX

High negative correlations

ARTSX	- 0.55	TISVX
TISVX	- 0.53	LMBMX
TISVX	- 0.46	SECAX
QSERX	- 0.4	TISVX
TVOYX	- 0.4	TISVX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LMBMX	1.05	(0.16)	0.00	(0.20)	0.00	0.00	1.96	(2.70)	5.60
SECAX	1.06	(0.23)	0.00	(0.30)	0.00	0.00	1.46	(2.57)	11.65
TISVX	0.80	0.12	0.10	0.12	1.23	(0.78)	1.99	(1.65)	9.81
ESCIX	0.75	0.00	0.00	(0.07)	0.00	0.00	1.87	(2.03)	4.56
ARTSX	1.15	(0.10)	0.00	(0.16)	0.00	0.00	2.22	(3.17)	5.69
TVOYX	0.84	(0.10)	0.00	(0.17)	0.00	0.00	1.43	(1.95)	4.01
QSERX	1.15	(0.23)	0.00	(0.21)	0.00	0.00	1.83	(2.52)	12.07

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