John Hancock Correlations

BTO Fund

USD 37.74 0.10 0.27%

The current 90-days correlation between John Hancock Financial and Touchstone International Equity is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Poor diversification

The correlation between John Hancock Financial and DJI is 0.75 (i.e., Poor 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in John Hancock Financial. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with John Fund

0.65	PEO	Adams Natural Resources	Pair Corr
0.76	STFGX	State Farm Growth	Pair Corr
0.81	VTMFX	Vanguard Tax Managed	Pair Corr
0.92	TFGRX	Touchstone Mid Cap	Pair Corr
0.77	VITAX	Vanguard Information	Pair Corr
0.65	JPC	Nuveen Preferred Income Sell-off Trend	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.8	FFICX	Investment Of America	Pair Corr
0.62	WMPXX	Wells Fargo Funds	Pair Corr
0.9	PMBPX	Midcap Fund R	Pair Corr
0.88	LVOAX	Lord Abbett Value	Pair Corr
0.78	LLPFX	Longleaf Partners	Pair Corr

Moving against John Fund

0.61

VVR

Invesco Senior Income

Pair Corr

Related Correlations Analysis

	TOIIX	SRFMX	DFVEX	SILLX	AUUIX	APDNX	LEQCX
TOIIX		0.12	0.21	0.36	0.26	0.37	0.12	TOIIX
SRFMX	0.12		0.86	0.87	0.85	0.83	0.82	SRFMX
DFVEX	0.21	0.86		0.97	0.98	0.93	0.96	DFVEX
SILLX	0.36	0.87	0.97		0.97	0.93	0.93	SILLX
AUUIX	0.26	0.85	0.98	0.97		0.91	0.94	AUUIX
APDNX	0.37	0.83	0.93	0.93	0.91		0.91	APDNX
LEQCX	0.12	0.82	0.96	0.93	0.94	0.91		LEQCX
	TOIIX	SRFMX	DFVEX	SILLX	AUUIX	APDNX	LEQCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between John Fund performing well and John Hancock 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
TOIIX	0.67	(0.06)	0.00	(0.05)	0.00	0.00	1.43	(1.59)	4.09
SRFMX	0.54	(0.05)	(0.10)	0.03	0.72	(0.57)	0.99	(1.30)	3.30
DFVEX	0.68	0.00	0.01	0.09	0.65	(0.82)	1.46	(1.06)	4.83
SILLX	0.59	(0.02)	(0.04)	0.08	0.73	(0.67)	1.44	(1.31)	3.90
AUUIX	0.51	0.00	(0.01)	0.10	0.55	(0.56)	1.06	(1.18)	3.19
APDNX	0.54	(0.02)	(0.06)	0.08	0.47	(0.64)	1.17	(0.99)	3.41
LEQCX	0.40	0.01	(0.08)	0.11	0.36	(0.46)	0.90	(0.73)	2.03

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