John Hancock Correlations

JHMD Etf

USD 33.33 0.33 1.00%

The current 90-days correlation between John Hancock Multifactor and John Hancock Multifactor is 0.45 (i.e., Very weak 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 Multifactor and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Multifactor 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 Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with John Etf

0.92	VEA	Vanguard FTSE Developed	Pair Corr
0.91	IEFA	iShares Core MSCI Low Volatility	Pair Corr
0.99	VEU	Vanguard FTSE All	Pair Corr
0.99	EFA	iShares MSCI EAFE Aggressive Push	Pair Corr
0.99	IXUS	iShares Core MSCI	Pair Corr
0.92	SPDW	SPDR SP World	Pair Corr
1.0	IDEV	iShares Core MSCI	Pair Corr
0.91	ESGD	iShares ESG Aware	Pair Corr
0.99	JIRE	JP Morgan Exchange	Pair Corr
0.98	DFAX	Dimensional World	Pair Corr
0.84	BKT	BlackRock Income Closed	Pair Corr
0.66	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.76	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.72	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.66	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.62	VZ	Verizon Communications Aggressive Push	Pair Corr

Moving against John Etf

0.59	BITO	ProShares Bitcoin	Pair Corr
0.58	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.54	SGG	Barclays Capital	Pair Corr
0.52	FNGO	MicroSectors FANG Index	Pair Corr
0.51	FNGU	MicroSectors FANG Index	Pair Corr
0.43	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.34	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	JHML	JHSC	JHMM	JPSE	HFXI
JHML		0.93	0.91	0.86	0.21	JHML
JHSC	0.93		0.93	0.96	0.2	JHSC
JHMM	0.91	0.93		0.89	0.2	JHMM
JPSE	0.86	0.96	0.89		0.26	JPSE
HFXI	0.21	0.2	0.2	0.26		HFXI
	JHML	JHSC	JHMM	JPSE	HFXI

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHML	0.55	0.03	0.02	0.11	0.79	(0.56)	1.20	(1.15)	5.84
JHSC	0.80	0.02	0.01	0.06	1.02	(0.89)	1.62	(1.43)	8.94
JHMM	0.66	0.05	0.03	0.29	0.81	(0.71)	1.38	(0.98)	6.69
JPSE	0.85	(0.04)	0.00	(0.04)	0.00	0.00	1.72	(1.55)	9.80
HFXI	0.52	(0.03)	0.00	(0.06)	0.00	0.00	1.06	(1.17)	3.18

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