John Hancock Correlations

JYHIX Fund  USD 3.06  0.01  0.33%   
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 Focused and DJI is 0.09 (i.e., Significant 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

  0.81JQLMX Multimanager LifestylePairCorr
  0.87JRLFX Multi Index 2010PairCorr
  0.85JRLIX Retirement Living ThroughPairCorr
  0.85JRLKX Multi Index 2015PairCorr
  0.66JRLQX Retirement Living ThroughPairCorr
  0.82JRLPX Multi Index 2020PairCorr
  0.65JRLUX Multi Index 2045PairCorr
  0.62JRLWX Retirement Living ThroughPairCorr
  0.86JAAIX Alternative AssetPairCorr
  0.87JAARX Alternative AssetPairCorr
  0.8JRTDX Multi Index 2025PairCorr
  0.77JRTGX Retirement Living ThroughPairCorr
  0.88JAASX Alternative AssetPairCorr
  0.75JRTIX Multi Index 2030PairCorr
  0.73JRTMX Multi Index 2035PairCorr
  0.69JRTVX Multi Index 2040PairCorr
  0.87JAAAX Alternative AssetPairCorr
  0.87JAACX Alternative AssetPairCorr
  0.62JRTYX Multi Index 2050PairCorr
  0.81JABKX John Hancock FundsPairCorr
  0.89JALRX Multimanager LifestylePairCorr
  0.85JSNIX Jhancock Short DurationPairCorr
  0.88JSNCX Jhancock Short DurationPairCorr
  0.87JSTIX John Hancock IncomePairCorr

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   
DVFYXVFAIX
PSSRXFIKBX
FIKBXPGFMX
PGFMXDVFYX
FIKBXDVFYX
PSSRXPGFMX
  
High negative correlations   
PSSRXGPOXX
ICFAXGPOXX
FIKBXGPOXX
PGFMXGPOXX
DVFYXGPOXX
VFAIXGPOXX

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.