John Hancock Correlations

Mutual Funds USA . 
Fund . John Hancock Income
JHFIX Fund  USD 5.87  0.01  0.17%   
The current 90-days correlation between John Hancock Income and Regional Bank Fund is 0.24 (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

Good diversification

The correlation between John Hancock Income and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Income 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 Income. 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 gross domestic product.

Moving together with John Mutual Fund

  0.71JQLCX Multimanager LifestylePairCorr
  0.73JRLDX Retirement Living ThroughPairCorr
  0.68JRLFX Multi Index 2010PairCorr
  0.62JRLIX Retirement Living ThroughPairCorr
  0.73JRLHX Retirement Living ThroughPairCorr

Moving against John Mutual Fund

  0.52FRBAX Regional BankPairCorr
  0.52FRBCX Regional BankPairCorr
  0.52JRBFX Regional BankPairCorr
  0.52JRGRX Regional BankPairCorr
  0.33JRETX J Hancock IiPairCorr
  0.31JROUX J Hancock IiPairCorr
  0.48JACLX John Hancock MidPairCorr
  0.33JABBX Jhancock MultimanagerPairCorr
  0.32JAAVX Jhancock MultimanagerPairCorr
  0.31JAAWX Jhancock MultimanagerPairCorr
  0.31JAAZX Jhancock MultimanagerPairCorr
  0.31JABDX Jhancock MultimanagerPairCorr

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  1.21  0.27  0.16  9.58  0.99 
(1.54)
 2.76 
(1.66)
 15.75 
FRBCX  1.21  0.27  0.16  11.99  0.99 
(1.54)
 2.74 
(1.65)
 15.70 
JQLMX  0.24  0.00 (0.22) 0.12  0.25 
(0.26)
 0.56 
(0.48)
 1.43 
JQLBX  0.32  0.02 (0.11) 0.58  0.30 
(0.38)
 0.66 
(0.58)
 2.06 
JQLAX  0.47  0.06 (0.02) 1.02  0.41 
(0.52)
 1.07 
(0.91)
 3.11 
JQLCX  0.16 (0.01)(0.32)(0.07) 0.17 
(0.21)
 0.34 
(0.33)
 1.00 
JQLGX  0.41  0.05 (0.05) 0.95  0.39 
(0.45)
 0.90 
(0.69)
 2.65 
JRBFX  1.21  0.27  0.16  10.80  0.99 
(1.54)
 2.73 
(1.66)
 15.74 
JRETX  0.47  0.07  0.00  1.31  0.40 
(0.57)
 1.07 
(0.83)
 3.08 
JRGRX  1.21  0.27  0.16  8.93  0.98 
(1.54)
 2.76 
(1.65)
 15.70 

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