John Hancock Correlations

JHCB Etf

USD 20.81 0.02 0.1%

The current 90-days correlation between John Hancock Exchange and John Hancock Exchange Traded is 0.85 (i.e., Very poor 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.

John Hancock Correlation With Market

Average diversification

The correlation between John Hancock Exchange Traded and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Exchange Traded 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 Exchange Traded. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with John Etf

0.99	LQD	iShares iBoxx Investment	Pair Corr
0.99	IGIB	iShares 5 10	Pair Corr
1.0	USIG	iShares Broad USD	Pair Corr
0.95	SPIB	SPDR Barclays Interm	Pair Corr
1.0	SUSC	iShares ESG USD	Pair Corr
0.99	QLTA	iShares Aaa	Pair Corr
1.0	CORP	PIMCO Investment Grade	Pair Corr
0.99	FLCO	Franklin Liberty Inv	Pair Corr
0.99	GIGB	Goldman Sachs Access	Pair Corr
1.0	VTC	Vanguard Total Corporate	Pair Corr
0.97	PMBS	PIMCO Mortgage Backed	Pair Corr
0.63	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.85	YCL	ProShares Ultra Yen	Pair Corr
0.66	CEFD	ETRACS Monthly Pay	Pair Corr
0.89	FXY	Invesco CurrencyShares	Pair Corr
0.71	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.63	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.74	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Moving against John Etf

0.42	TSJA	TSJA	Pair Corr
0.41	DSJA	DSJA	Pair Corr
0.34	CSCO	Cisco Systems	Pair Corr
0.31	ARKQ	ARK Autonomous Technology Low Volatility	Pair Corr
0.31	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JHMB	INMU	JSCP	LQDB	MINN
JHMB		0.72	0.55	0.95	0.82	JHMB
INMU	0.72		0.76	0.73	0.87	INMU
JSCP	0.55	0.76		0.49	0.55	JSCP
LQDB	0.95	0.73	0.49		0.84	LQDB
MINN	0.82	0.87	0.55	0.84		MINN
	JHMB	INMU	JSCP	LQDB	MINN

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John Hancock Constituents Risk-Adjusted Indicators

There is a big difference between John Etf performing well and John Hancock ETF 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
JHMB	0.24	(0.06)	(0.95)	0.41	(0.60)	1.53
INMU	0.21	(0.02)	(0.52)	0.39	(0.50)	1.61
JSCP	0.10	(0.02)	(0.59)	0.17	(0.21)	0.67
LQDB	0.26	(0.06)	(0.58)	0.49	(0.71)	1.79
MINN	0.22	(0.04)	(2.13)	0.50	(0.45)	1.35

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