Jhancock Mgd Correlations

Mutual Funds . USA . 
Fund . Jhancock Mgd Acct
JHFMX Fund   10.19  0.10  0.97%   
The current 90-days correlation between Jhancock Mgd Acct and Regional Bank Fund is -0.33 (i.e., Very good 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

Average diversification

The correlation between Jhancock Mgd Acct and DJI is 0.14 (i.e., Average 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

  0.7JQLMX Multimanager LifestylePairCorr
  0.78JQLCX Multimanager LifestylePairCorr
  0.83JRLDX Retirement Living ThroughPairCorr
  0.76JRLFX Multi Index 2010PairCorr
  0.74JRLIX Retirement Living ThroughPairCorr
  0.77JRLHX Retirement Living ThroughPairCorr
  0.74JRLKX Multi Index 2015PairCorr
  0.75JRLLX Retirement Living ThroughPairCorr
  0.77JRLOX Retirement Living ThroughPairCorr
  0.72JRLPX Multi Index 2020PairCorr
  0.73JRTBX Retirement Living ThroughPairCorr
  0.71JRTAX Retirement Living ThroughPairCorr
  0.69JRTDX Multi Index 2025PairCorr
  0.61JRTGX Retirement Living ThroughPairCorr
  0.73JRTFX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.25  0.10  0.05  0.94  1.38 
(1.58)
 2.76 
(2.89)
 17.30 
FRBCX  1.25  0.10  0.05  0.96  1.38 
(1.57)
 2.74 
(2.93)
 17.28 
JQLMX  0.25 (0.04) 0.00 (0.12) 0.00 
 0.00 
 0.40 
(0.56)
 1.99 
JQLBX  0.34 (0.02) 0.00 (0.30) 0.00 
 0.00 
 0.66 
(0.65)
 3.06 
JQLAX  0.50  0.00 (0.03)(0.02) 0.71 
(0.53)
 1.07 
(0.92)
 4.54 
JQLCX  0.17 (0.04) 0.00 (0.20) 0.00 
 0.00 
 0.33 
(0.34)
 1.42 
JQLGX  0.43 (0.01)(0.05)(0.12) 0.61 
(0.46)
 0.90 
(0.76)
 3.86 
JRBFX  1.25  0.10  0.05  0.98  1.36 
(1.58)
 2.73 
(2.93)
 17.32 
JRETX  0.50  0.01 (0.01) 0.18  0.67 
(0.56)
 1.07 
(0.91)
 4.43 
JRGRX  1.24  0.10  0.05  0.93  1.36 
(1.58)
 2.76 
(2.89)
 17.25 

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