John Hancock Correlations

XBTOX Fund

USD 35.42 0.30 0.85%

The current 90-days correlation between John Hancock Financial and Vanguard Total Stock is 0.14 (i.e., Average 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

Significant diversification

The correlation between John Hancock Financial and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in John Hancock Financial. 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 persons.

Moving together with John Mutual Fund

0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.92	EGLAX	Eagle Mlp Strategy	Pair Corr
0.87	PCBAX	Blackrock Tactical	Pair Corr
0.92	NTG	Tortoise Mlp Closed	Pair Corr
0.64	FULLX	Federated Hermes Ult	Pair Corr
0.84	FDHCX	First Trust Short	Pair Corr
0.94	FICVX	Fidelity Vertible	Pair Corr
0.94	HNCVX	Harbor Vertible Secu	Pair Corr
0.83	ICPAX	Williston Basinmid	Pair Corr
0.93	AAMIX	Absolute Capital Asset	Pair Corr
0.88	VINIX	Vanguard Institutional	Pair Corr
0.9	SMLPX	Salient Mlp Energy	Pair Corr
0.9	SMAPX	Salient Mlp Energy	Pair Corr
0.92	SNXFX	Schwab 1000 Index	Pair Corr
0.87	LIONX	Issachar Fund Issachar	Pair Corr
0.74	TFBRX	American Beacon Twen	Pair Corr
0.73	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.81	TFAIX	T Rowe Price	Pair Corr
0.93	AMGOX	Alger Mid Cap	Pair Corr
0.79	NLSAX	Neuberger Berman Long	Pair Corr
0.91	LGWAX	Ladenburg Growth	Pair Corr
0.84	PLVYX	Pace Large Value	Pair Corr
0.89	BTCYX	Cboe Vest Bitcoin	Pair Corr
0.82	UINQX	Usaa Nasdaq 100	Pair Corr
0.86	JPHCX	Jpmorgan Floating Rate	Pair Corr

Moving against John Mutual Fund

0.73	NHS	Neuberger Berman High	Pair Corr
0.71	VTIAX	Vanguard Total Inter	Pair Corr
0.66	VGTSX	Vanguard Total Inter	Pair Corr
0.6	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.94	1.0	1.0	1.0	1.0	0.94	1.0	-0.6	-0.62	VTSAX
VFIAX	0.94		0.94	0.94	0.94	0.94	1.0	0.94	-0.62	-0.64	VFIAX
VTSMX	1.0	0.94		1.0	1.0	1.0	0.94	1.0	-0.59	-0.61	VTSMX
VITSX	1.0	0.94	1.0		1.0	1.0	0.94	1.0	-0.59	-0.61	VITSX
VSTSX	1.0	0.94	1.0	1.0		1.0	0.94	1.0	-0.6	-0.61	VSTSX
VSMPX	1.0	0.94	1.0	1.0	1.0		0.94	1.0	-0.6	-0.61	VSMPX
VFINX	0.94	1.0	0.94	0.94	0.94	0.94		0.94	-0.62	-0.64	VFINX
VFFSX	1.0	0.94	1.0	1.0	1.0	1.0	0.94		-0.59	-0.6	VFFSX
VGTSX	-0.6	-0.62	-0.59	-0.59	-0.6	-0.6	-0.62	-0.59		0.99	VGTSX
VTIAX	-0.62	-0.64	-0.61	-0.61	-0.61	-0.61	-0.64	-0.6	0.99		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.64	VFINX
VTIAX	- 0.64	VFIAX
VGTSX	- 0.62	VFINX
VGTSX	- 0.62	VFIAX
VTIAX	- 0.62	VTSAX
VTIAX	- 0.61	VSMPX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VTSAX	0.56	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.94
VFIAX	0.51	0.06	0.03	0.88	0.73	(0.50)	0.97	(0.96)	5.48
VTSMX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.94)	5.94
VITSX	0.55	0.05	0.05	0.09	0.75	(0.58)	1.08	(0.95)	5.95
VSTSX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VSMPX	0.55	0.05	0.05	0.09	0.75	(0.57)	1.09	(0.95)	5.94
VFINX	0.51	0.06	0.04	0.86	0.73	(0.50)	0.97	(0.96)	5.48
VFFSX	0.52	0.05	0.05	0.10	0.72	(0.52)	1.09	(0.96)	5.48
VGTSX	0.58	(0.12)	0.00	(0.38)	0.00	0.00	1.13	(1.56)	4.43
VTIAX	0.56	(0.09)	0.00	(0.25)	0.00	0.00	1.14	(1.32)	4.45

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC