John Hancock Correlations

JSNFX Fund

USD 5.85 0.01 0.17%

The current 90-days correlation between John Hancock Income and American Funds Retirement is 0.02 (i.e., Significant 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

Significant diversification

The correlation between John Hancock Income and DJI is 0.08 (i.e., Significant 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 mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with John Mutual Fund

0.63	JQLMX	Multimanager Lifestyle	Pair Corr
0.8	JQLCX	Multimanager Lifestyle	Pair Corr
0.78	JRLDX	Retirement Living Through	Pair Corr
0.79	JRLFX	Multi Index 2010	Pair Corr
0.75	JRLIX	Retirement Living Through	Pair Corr
0.78	JRLHX	Retirement Living Through	Pair Corr
0.75	JRLKX	Multi Index 2015	Pair Corr
0.76	JRLLX	Retirement Living Through	Pair Corr
0.72	JRLOX	Retirement Living Through	Pair Corr
0.72	JRLPX	Multi Index 2020	Pair Corr
0.68	JRTBX	Retirement Living Through	Pair Corr
0.72	JRTAX	Retirement Living Through	Pair Corr
0.68	JRTDX	Multi Index 2025	Pair Corr
0.69	JRTFX	Retirement Living Through	Pair Corr

Related Correlations Analysis

	RRPPX	SXMAX	JABKX	FLMTX	JLMOX	FHRVX	ARTOX
RRPPX		0.57	0.93	0.93	0.94	0.99	0.79	RRPPX
SXMAX	0.57		0.69	0.65	0.69	0.62	0.8	SXMAX
JABKX	0.93	0.69		0.99	1.0	0.95	0.94	JABKX
FLMTX	0.93	0.65	0.99		0.99	0.95	0.92	FLMTX
JLMOX	0.94	0.69	1.0	0.99		0.96	0.93	JLMOX
FHRVX	0.99	0.62	0.95	0.95	0.96		0.84	FHRVX
ARTOX	0.79	0.8	0.94	0.92	0.93	0.84		ARTOX
	RRPPX	SXMAX	JABKX	FLMTX	JLMOX	FHRVX	ARTOX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RRPPX	0.36	0.04	0.15	0.04	0.45	(0.40)	0.63	(0.69)	1.97
SXMAX	0.52	(0.08)	0.00	(0.27)	0.00	0.00	0.76	(0.96)	8.55
JABKX	0.31	0.01	0.00	(0.04)	0.00	0.00	0.64	(0.54)	1.75
FLMTX	0.31	0.01	0.00	(0.03)	0.00	0.00	0.57	(0.66)	1.72
JLMOX	0.32	0.01	0.00	(0.04)	0.00	0.00	0.64	(0.63)	1.75
FHRVX	0.29	0.02	0.16	0.00	0.38	(0.30)	0.56	(0.61)	1.71
ARTOX	0.33	(0.01)	0.00	(0.10)	0.00	0.00	0.63	(0.88)	2.01

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John Hancock Correlations

John Hancock Correlation With Market

Significant diversification

Moving together with John Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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