John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Investment
TAUSX Fund  USD 9.04  0.04  0.44%   
The current 90-days correlation between John Hancock Investment and Regional Bank Fund is -0.18 (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

Modest diversification

The correlation between John Hancock Investment and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Investment and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in John Hancock Investment. 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 state.

Moving together with John Mutual Fund

  0.72JQLCX Multimanager LifestylePairCorr
  0.66JRLDX Retirement Living ThroughPairCorr
  0.68JRLHX Retirement Living ThroughPairCorr

Moving against John Mutual Fund

  0.58FRBAX Regional BankPairCorr
  0.58FRBCX Regional BankPairCorr
  0.58JRBFX Regional BankPairCorr
  0.58JRGRX Regional BankPairCorr
  0.37JRETX J Hancock IiPairCorr
  0.36JROUX J Hancock IiPairCorr
  0.33JRLZX Retirement Living ThroughPairCorr
  0.33JAAJX Jhancock Multi IndexPairCorr
  0.33JAAKX Jhancock Multi IndexPairCorr
  0.32JRLWX Retirement Living ThroughPairCorr
  0.32JRODX J Hancock IiPairCorr
  0.32JAAFX Jhancock Multi IndexPairCorr
  0.37JAAVX Jhancock MultimanagerPairCorr
  0.37JABDX Jhancock MultimanagerPairCorr
  0.37JABBX Jhancock MultimanagerPairCorr
  0.37JABEX Jhancock MultimanagerPairCorr
  0.36JAAWX Jhancock MultimanagerPairCorr
  0.36JAAZX Jhancock MultimanagerPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.21  0.27  0.16  9.58  0.99 
(1.54)
 2.76 
(1.66)
 15.75 
FRBCX  1.21  0.27  0.16  11.99  0.99 
(1.54)
 2.74 
(1.65)
 15.70 
JQLMX  0.24  0.00 (0.22) 0.12  0.25 
(0.26)
 0.56 
(0.48)
 1.43 
JQLBX  0.32  0.02 (0.11) 0.58  0.30 
(0.38)
 0.66 
(0.58)
 2.06 
JQLAX  0.47  0.06 (0.02) 1.02  0.41 
(0.52)
 1.07 
(0.91)
 3.11 
JQLCX  0.16 (0.01)(0.32)(0.07) 0.17 
(0.21)
 0.34 
(0.33)
 1.00 
JQLGX  0.41  0.05 (0.05) 0.95  0.39 
(0.45)
 0.90 
(0.69)
 2.65 
JRBFX  1.21  0.27  0.16  10.80  0.99 
(1.54)
 2.73 
(1.66)
 15.74 
JRETX  0.47  0.07  0.00  1.31  0.40 
(0.57)
 1.07 
(0.83)
 3.08 
JRGRX  1.21  0.27  0.16  8.93  0.98 
(1.54)
 2.76 
(1.65)
 15.70 

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