J Hancock Correlations

Mutual Funds . USA . 
Fund . J Hancock Ii
JROUX Fund  USD 13.63  0.06  0.44%   
The current 90-days correlation between J Hancock Ii and Franklin Gold Precious is 0.6 (i.e., Poor diversification). The correlation of J 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.

J Hancock Correlation With Market

Poor diversification

The correlation between J Hancock Ii and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding J Hancock Ii 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 J Hancock Ii. 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 employment.

Moving together with JROUX Mutual Fund

  0.78FRBAX Regional BankPairCorr
  0.82FRBCX Regional BankPairCorr
  0.74JQLMX Multimanager LifestylePairCorr
  0.9JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.83JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.83JRGRX Regional BankPairCorr
  0.94JRLQX Retirement Living ThroughPairCorr
  0.95JRLUX Multi Index 2045PairCorr
  0.96JRLWX Retirement Living ThroughPairCorr
  0.94JRLVX Retirement Living ThroughPairCorr
  0.96JRLZX Retirement Living ThroughPairCorr
  0.96JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.61JAAPX Alternative AssetPairCorr
  0.65JRTBX Retirement Living ThroughPairCorr
  0.65JRTDX Multi Index 2025PairCorr
  0.79JRTGX Retirement Living ThroughPairCorr
  0.65JRTFX Retirement Living ThroughPairCorr
  0.8JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.86JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JROUX Mutual Fund performing well and J 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 J 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.

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