John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Seaport
JSFRX Fund  USD 11.82  0.01  0.08%   
The current 90-days correlation between John Hancock Seaport and Vanguard Energy Index is -0.02 (i.e., Good 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

Good diversification

The correlation between John Hancock Seaport and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Seaport 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 Seaport. 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 metropolitan statistical area.

Moving together with JOHN Mutual Fund

  0.64JQLMX Multimanager LifestylePairCorr
  0.75JQLBX Multimanager LifestylePairCorr
  0.69JQLAX Multimanager LifestylePairCorr
  0.73JQLGX Multimanager LifestylePairCorr
  0.66JRETX J Hancock IiPairCorr
  0.87JRLQX Retirement Living ThroughPairCorr
  0.73JRLUX Multi Index 2045PairCorr
  0.73JRLWX Retirement Living ThroughPairCorr
  0.87JRLVX Retirement Living ThroughPairCorr
  0.74JRLZX Retirement Living ThroughPairCorr
  0.66JROUX J Hancock IiPairCorr
  0.73JRODX J Hancock IiPairCorr
  0.66JAAIX Alternative AssetPairCorr
  0.8JAAKX Jhancock Multi IndexPairCorr
  0.77JAAPX Alternative AssetPairCorr
  0.64JRTBX Retirement Living ThroughPairCorr
  0.67JAARX Alternative AssetPairCorr
  0.64JRTGX Retirement Living ThroughPairCorr
  0.67JAASX Alternative AssetPairCorr
  0.64JRTIX Multi Index 2030PairCorr
  0.62JAAVX Jhancock MultimanagerPairCorr
  0.81JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between JOHN Mutual Fund performing well and John 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 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.

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