John Hancock Correlations

JHS Stock

USD 11.29 0.05 0.44%

The current 90-days correlation between John Hancock Income and MFS High Income is 0.29 (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

Modest diversification

The correlation between John Hancock Income and DJI is 0.26 (i.e., Modest 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 company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with John Stock

0.75	RENEW	Cartesian Growth	Pair Corr
0.65	CB	Chubb	Pair Corr

Moving against John Stock

0.53	ECPG	Encore Capital Group	Pair Corr
0.53	SYF	Synchrony Financial	Pair Corr
0.5	AXP	American Express	Pair Corr
0.47	CNF	CNFinance Holdings	Pair Corr
0.39	OPFI	OppFi Inc	Pair Corr
0.35	ORGN	Origin Materials	Pair Corr
0.33	DFS	Discover Financial	Pair Corr
0.47	PYPL	PayPal Holdings	Pair Corr
0.37	SOFI	SoFi Technologies	Pair Corr
0.31	BITF	Bitfarms	Pair Corr
0.58	KB	KB Financial Group	Pair Corr
0.49	CG	Carlyle Group	Pair Corr
0.39	CM	Canadian Imperial Bank	Pair Corr
0.38	BX	Blackstone Group	Pair Corr
0.35	LC	LendingClub Corp	Pair Corr
0.34	BN	Brookfield Corp	Pair Corr

Related Correlations Analysis

	CXE	CXH	CBH	MHD	EOT	IHTA	MHN	NXC	FMN	IHIT
CXE		0.89	0.0	0.8	0.91	0.0	0.81	0.62	0.91	0.0	CXE
CXH	0.89		0.0	0.8	0.84	0.0	0.79	0.64	0.84	0.0	CXH
CBH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
MHD	0.8	0.8	0.0		0.8	0.0	0.86	0.71	0.89	0.0	MHD
EOT	0.91	0.84	0.0	0.8		0.0	0.82	0.61	0.91	0.0	EOT
IHTA	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IHTA
MHN	0.81	0.79	0.0	0.86	0.82	0.0		0.55	0.83	0.0	MHN
NXC	0.62	0.64	0.0	0.71	0.61	0.0	0.55		0.71	0.0	NXC
FMN	0.91	0.84	0.0	0.89	0.91	0.0	0.83	0.71		0.0	FMN
IHIT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IHIT
	CXE	CXH	CBH	MHD	EOT	IHTA	MHN	NXC	FMN	IHIT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

EOT	+ 0.91	CXE
FMN	+ 0.91	CXE
FMN	+ 0.91	EOT
CXH	+ 0.89	CXE
FMN	+ 0.89	MHD
MHN	+ 0.86	MHD

High negative correlations

IHIT	- 0.0	FMN
IHIT	- 0.0	NXC
IHIT	- 0.0	MHN
IHIT	- 0.0	IHTA
FMN	- 0.0	IHTA
NXC	- 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
CXE	0.59	(0.02)	0.00	(0.30)	0.00	0.00	0.82	(1.08)	4.08
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
MHD	0.50	(0.03)	0.00	(0.32)	0.00	0.00	0.94	(1.03)	2.80
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
MHN	0.47	(0.02)	0.00	(0.18)	0.00	0.00	0.87	(1.06)	2.81
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
IHIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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
William Cunningham	Independent Trustee	Profile
James Oates	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC