John Hancock Correlations

JYHIX Fund  USD 3.04  0.01  0.33%   
The current 90-days correlation between John Hancock Focused and Us Government Securities is 0.25 (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

Weak diversification

The correlation between John Hancock Focused and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Focused 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 Focused. 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 John Mutual Fund

  0.73JQLMX Multimanager LifestylePairCorr
  0.89JQLCX Multimanager LifestylePairCorr
  0.89JRLDX Retirement Living ThroughPairCorr
  0.89JRLFX Multi Index 2010PairCorr
  0.86JRLIX Retirement Living ThroughPairCorr
  0.89JRLHX Retirement Living ThroughPairCorr
  0.86JRLKX Multi Index 2015PairCorr
  0.87JRLLX Retirement Living ThroughPairCorr
  0.83JRLOX Retirement Living ThroughPairCorr
  0.82JRLPX Multi Index 2020PairCorr
  0.73JAAIX Alternative AssetPairCorr
  0.62JAAPX Alternative AssetPairCorr
  0.79JRTBX Retirement Living ThroughPairCorr
  0.83JRTAX Retirement Living ThroughPairCorr
  0.74JAARX Alternative AssetPairCorr
  0.78JRTDX Multi Index 2025PairCorr
  0.66JRTGX Retirement Living ThroughPairCorr
  0.79JRTFX Retirement Living ThroughPairCorr
  0.73JAASX Alternative AssetPairCorr
  0.66JRTIX Multi Index 2030PairCorr

Related Correlations Analysis

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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   
VSBIXUSGFX
AUNCXUSGFX
VSBIXAUNCX
  
High negative correlations   
AUNCXEQCDX
VSBIXEQCDX
EQCDXUSGFX

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.