Jhancock Multimanager Correlations

Mutual Funds USA . 
Fund . Jhancock Multimanager 2065
JABDX Fund  USD 13.90  0.02  0.14%   
The current 90-days correlation between Jhancock Multimanager and Prudential Government Money is -0.02 (i.e., Good diversification). The correlation of Jhancock Multimanager 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 Risk vs Return Analysis 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 unemployment.

Moving together with Jhancock Mutual Fund

  0.97VLXVX Vanguard Target RetiPairCorr
  0.97FBMTX American Funds 2065PairCorr
  0.97RCPTX American Funds 2065PairCorr
  0.97FAXTX American Funds 2065PairCorr
  0.97RBEOX American Funds 2065PairCorr
  0.97AAOTX American Funds 2065PairCorr
  0.97RDLTX American Funds 2065PairCorr
  0.97RHLTX American Funds 2065PairCorr
  0.97RFVTX American Funds 2065PairCorr
  0.96RBOTX American Funds 2065PairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.78VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr
  0.78VSMPX Vanguard Total StockPairCorr
  0.78VSTSX Vanguard Total StockPairCorr
  0.78VITSX Vanguard Total StockPairCorr
  0.78VFINX Vanguard 500 IndexPairCorr
  0.78VFFSX Vanguard 500 IndexPairCorr
  0.99GAPIX Goldman Sachs EquityPairCorr
  0.72SAGAX Ridgeworth InnovativePairCorr
  0.63AAAMX American Century OnePairCorr
  0.76LIGYX Loomis Sayles InternPairCorr
  0.91AMGIX Income GrowthPairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.75CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.64XOM Exxon Mobil Corp Sell-off TrendPairCorr
  0.68HPQ HP IncPairCorr
  0.72CVX Chevron Corp Sell-off TrendPairCorr
  0.72CSCO Cisco Systems Aggressive PushPairCorr
  0.75AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Moving against Jhancock Mutual Fund

  0.63JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.52KO Coca Cola Sell-off TrendPairCorr
  0.46PFE Pfizer Inc Aggressive PushPairCorr

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   
FLPXX
+ 1.0
IMLXX
CHNTX
+ 0.72
IMLXX
FLPXX
+ 0.72
CHNTX
IMLXX
+ 0.3
PBMXX
FLPXX
+ 0.3
PBMXX
CHNTX
+ 0.28
PBMXX
  
High negative correlations   
AGQXX
- 0.2
CHNTX

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Multimanager 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 Jhancock Multimanager'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.

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