High Income Correlations

UIHIX Fund

USD 6.83 0.01 0.15%

The current 90-days correlation between High Income Fund and John Hancock Funds is 0.09 (i.e., Significant diversification). The correlation of High Income 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.

Check out World Market Map to better understand how to build diversified portfolios. 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 High Mutual Fund

0.66	UIINX	Income Fund Income	Pair Corr
0.77	UIISX	Income Stock	Pair Corr
0.61	UISBX	Short Term Bond	Pair Corr
0.63	UIVAX	Value Fund Value	Pair Corr
0.61	URIBX	Intermediate Term Bond	Pair Corr
0.66	URIFX	Income Fund Income	Pair Corr
0.94	URHIX	High Income Fund	Pair Corr
0.61	URSBX	Short Term Bond	Pair Corr
0.63	UGOFX	Global Managed Volatility	Pair Corr
0.88	VWEAX	Vanguard High Yield	Pair Corr
0.79	VWEHX	Vanguard High Yield	Pair Corr
0.89	BHYCX	Blackrock Hi Yld	Pair Corr
0.88	BHYIX	Blackrock High Yield	Pair Corr
0.88	BHYSX	Blackrock Hi Yld	Pair Corr
0.89	BHYAX	Blackrock High Yield	Pair Corr
0.84	FAHHX	American Funds American	Pair Corr
0.91	FTAHX	American Funds American	Pair Corr
0.91	AHTFX	American High Income	Pair Corr
0.86	AHTCX	American High Income	Pair Corr
0.71	BRUFX	Bruce Fund Bruce	Pair Corr

Moving against High Mutual Fund

0.33

SPGSX

State Street Premier

Pair Corr

Related Correlations Analysis

	JABJX	FVOKX	CETFX	DPRFX	MCTAX	FUEMX	ODIDX
JABJX		0.89	0.86	0.84	0.98	0.57	0.6	JABJX
FVOKX	0.89		0.73	0.81	0.9	0.58	0.52	FVOKX
CETFX	0.86	0.73		0.67	0.84	0.67	0.74	CETFX
DPRFX	0.84	0.81	0.67		0.92	0.54	0.45	DPRFX
MCTAX	0.98	0.9	0.84	0.92		0.58	0.58	MCTAX
FUEMX	0.57	0.58	0.67	0.54	0.58		0.93	FUEMX
ODIDX	0.6	0.52	0.74	0.45	0.58	0.93		ODIDX
	JABJX	FVOKX	CETFX	DPRFX	MCTAX	FUEMX	ODIDX

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Risk-Adjusted Indicators

There is a big difference between High Mutual Fund performing well and High Income 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 High Income'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
JABJX	0.20	0.03	0.33	0.08	0.14	(0.26)	0.49	(0.30)	1.19
FVOKX	0.74	0.16	0.16	0.18	0.95	(0.78)	1.37	(1.14)	6.20
CETFX	0.21	(0.01)	0.18	0.09	0.28	(0.25)	0.39	(0.39)	1.18
DPRFX	0.23	0.04	0.34	0.60	0.11	(0.30)	0.53	(0.39)	1.61
MCTAX	0.21	0.04	0.27	0.14	0.16	(0.27)	0.44	(0.44)	1.46
FUEMX	0.04	0.00	0.00	(0.29)	0.00	0.00	0.10	(0.10)	0.40
ODIDX	0.08	0.02	0.63	(7.05)	0.00	(0.12)	0.22	(0.11)	0.44

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High Income Correlations

Moving together with High Mutual Fund

Moving against High Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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