Jhancock Short Correlations

JSNIX Fund

USD 9.37 0.01 0.11%

The current 90-days correlation between Jhancock Short Duration and Us Government Plus is 0.09 (i.e., Significant diversification). The correlation of Jhancock Short 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.

Jhancock Short Correlation With Market

Very good diversification

The correlation between Jhancock Short Duration and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Short Duration 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 Jhancock Short Duration. 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 gross domestic product.

Moving together with Jhancock Mutual Fund

0.69	JRLDX	Retirement Living Through	Pair Corr
0.67	JRLIX	Retirement Living Through	Pair Corr
0.61	JRLLX	Retirement Living Through	Pair Corr

Moving against Jhancock Mutual Fund

0.49	FRBCX	Regional Bank	Pair Corr
0.48	JRBFX	Regional Bank	Pair Corr
0.32	FRBAX	Regional Bank	Pair Corr
0.32	JRGRX	Regional Bank	Pair Corr

Related Correlations Analysis

	GVPIX	LTXFX	PATFX	USGDX	FCSCX	RGVCX	TWACX	HHMYX
GVPIX		0.82	0.77	0.97	0.76	0.92	0.78	0.79	GVPIX
LTXFX	0.82		0.95	0.88	0.86	0.88	0.85	0.98	LTXFX
PATFX	0.77	0.95		0.77	0.68	0.74	0.66	0.98	PATFX
USGDX	0.97	0.88	0.77		0.88	0.98	0.89	0.82	USGDX
FCSCX	0.76	0.86	0.68	0.88		0.95	0.97	0.79	FCSCX
RGVCX	0.92	0.88	0.74	0.98	0.95		0.94	0.82	RGVCX
TWACX	0.78	0.85	0.66	0.89	0.97	0.94		0.76	TWACX
HHMYX	0.79	0.98	0.98	0.82	0.79	0.82	0.76		HHMYX
	GVPIX	LTXFX	PATFX	USGDX	FCSCX	RGVCX	TWACX	HHMYX

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Short 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 Jhancock Short'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
GVPIX	0.77	(0.02)	0.00	(0.33)	0.00	0.00	1.96	(1.45)	3.76
LTXFX	0.10	0.00	(0.03)	(0.43)	0.12	(0.14)	0.26	(0.20)	0.65
PATFX	0.19	(0.02)	0.00	(0.87)	0.00	0.00	0.36	(0.45)	1.26
USGDX	0.68	0.03	0.03	2.82	0.78	(0.78)	1.45	(1.45)	3.93
FCSCX	0.06	0.01	0.05	0.76	0.00	(0.18)	0.13	(0.13)	0.66
RGVCX	0.25	0.02	0.05	1.47	0.23	(0.29)	0.51	(0.50)	1.38
TWACX	0.09	0.01	0.02	(0.16)	0.00	(0.14)	0.22	(0.11)	0.45
HHMYX	0.13	(0.01)	(0.04)	(0.43)	0.18	(0.19)	0.36	(0.36)	0.84

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