John Hancock Correlations

JHI Stock

USD 13.62 0.04 0.29%

The current 90-days correlation between John Hancock Investors and DTF Tax Free 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.

John Hancock Correlation With Market

Weak diversification

The correlation between John Hancock Investors and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Investors 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 Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with John Stock

0.67	MA	Mastercard	Pair Corr
0.65	AXP	American Express	Pair Corr
0.81	CNF	CNFinance Holdings	Pair Corr
0.87	COF	Capital One Financial	Pair Corr
0.85	DFS	Discover Financial	Pair Corr
0.72	OPFI	OppFi Inc Buyout Trend	Pair Corr
0.74	ALLY	Ally Financial Normal Trading	Pair Corr
0.72	BBDC	Barings BDC	Pair Corr
0.65	COOP	Mr Cooper Group	Pair Corr
0.91	C	Citigroup Aggressive Push	Pair Corr
0.7	AC	Associated Capital	Pair Corr
0.69	BK	Bank of New York	Pair Corr
0.67	BN	Brookfield Corp	Pair Corr

Moving against John Stock

0.52	RENEW	Cartesian Growth	Pair Corr
0.33	DHIL	Diamond Hill Investment	Pair Corr
0.57	CB	Chubb	Pair Corr
0.57	EG	Everest Group	Pair Corr
0.48	HG	Hamilton Insurance Group, Normal Trading	Pair Corr
0.47	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	DTF	CXH	CBH	EOT	IHTA	NXC	FMN	JHAA	CMU	CXE
DTF		0.86	0.0	0.71	0.0	0.52	0.77	0.0	0.81	0.79	DTF
CXH	0.86		0.0	0.84	0.0	0.64	0.84	0.0	0.91	0.89	CXH
CBH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
EOT	0.71	0.84	0.0		0.0	0.61	0.91	0.0	0.83	0.91	EOT
IHTA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IHTA
NXC	0.52	0.64	0.0	0.61	0.0		0.71	0.0	0.56	0.62	NXC
FMN	0.77	0.84	0.0	0.91	0.0	0.71		0.0	0.78	0.91	FMN
JHAA	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	JHAA
CMU	0.81	0.91	0.0	0.83	0.0	0.56	0.78	0.0		0.9	CMU
CXE	0.79	0.89	0.0	0.91	0.0	0.62	0.91	0.0	0.9		CXE
	DTF	CXH	CBH	EOT	IHTA	NXC	FMN	JHAA	CMU	CXE

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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

CMU	+ 0.91	CXH
FMN	+ 0.91	EOT
CXE	+ 0.91	EOT
CXE	+ 0.91	FMN
CXE	+ 0.9	CMU
CXE	+ 0.89	CXH

High negative correlations

CXE	- 0.0	JHAA
CMU	- 0.0	JHAA
JHAA	- 0.0	FMN
JHAA	- 0.0	NXC
CXE	- 0.0	IHTA
CMU	- 0.0	IHTA

Risk-Adjusted Indicators

There is a big difference between John Stock performing well and John Hancock Company 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
DTF	0.32	0.00	0.12	0.00	0.47	(0.31)	0.72	(0.62)	1.72
CXH	0.38	0.00	0.00	(0.11)	0.00	0.00	0.76	(1.00)	2.37
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.03)	0.00	(0.20)	0.00	0.00	1.01	(1.28)	2.87
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXC	0.36	0.01	0.13	(0.02)	0.43	(0.38)	0.78	(0.68)	1.98
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
JHAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMU	0.41	0.00	0.00	(0.08)	0.00	0.00	0.86	(0.86)	2.25
CXE	0.59	(0.02)	0.00	(0.30)	0.00	0.00	0.82	(1.08)	4.08

John Hancock Corporate Management

Warren Thomson	Trustee	Profile
CFA CFA	Portfolio Manager	Profile
Gregory Russo	Independent Trustee	Profile
Frances Rathke	Independent Trustee	Profile
Christopher Sechler	Secretary and Chief Legal Officer	Profile
John CFA	MD Manager	Profile
William Cunningham	Independent Trustee	Profile

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