Jhancock Multi Correlations

JHBLX Fund

USD 15.81 0.19 1.22%

The current 90-days correlation between Jhancock Multi Index and Ab Global Risk is -0.15 (i.e., Good diversification). The correlation of Jhancock Multi 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 bureau of economic analysis.

Moving together with Jhancock Mutual Fund

0.76	FRBCX	Regional Bank	Pair Corr
0.91	JQLMX	Multimanager Lifestyle	Pair Corr
0.9	JQLCX	Multimanager Lifestyle	Pair Corr
0.75	JRBFX	Regional Bank	Pair Corr
0.77	JRGRX	Regional Bank	Pair Corr
0.9	JRLDX	Retirement Living Through	Pair Corr
0.88	JRLFX	Multi Index 2010	Pair Corr
0.9	JRLHX	Retirement Living Through	Pair Corr
0.91	JRLKX	Multi Index 2015	Pair Corr
0.9	JRLQX	Retirement Living Through	Pair Corr
0.89	JRLPX	Multi Index 2020	Pair Corr
0.9	JRLUX	Multi Index 2045	Pair Corr
0.93	JRLZX	Retirement Living Through	Pair Corr
0.91	JRODX	J Hancock Ii	Pair Corr
0.9	JAAFX	Jhancock Multi Index	Pair Corr
0.86	JAAPX	Alternative Asset	Pair Corr
0.91	JRTAX	Retirement Living Through	Pair Corr
0.89	JRTDX	Multi Index 2025	Pair Corr
0.92	JRTGX	Retirement Living Through	Pair Corr
0.89	JRTFX	Retirement Living Through	Pair Corr
0.92	JRTIX	Multi Index 2030	Pair Corr

Related Correlations Analysis

	CBSYX	MSTGX	XAWFX	DBIWX	MFIRX	CABIX	LGOCX
CBSYX		0.55	0.56	0.5	0.96	0.6	0.35	CBSYX
MSTGX	0.55		0.94	0.98	0.52	0.99	0.8	MSTGX
XAWFX	0.56	0.94		0.92	0.56	0.95	0.76	XAWFX
DBIWX	0.5	0.98	0.92		0.46	0.97	0.83	DBIWX
MFIRX	0.96	0.52	0.56	0.46		0.57	0.38	MFIRX
CABIX	0.6	0.99	0.95	0.97	0.57		0.79	CABIX
LGOCX	0.35	0.8	0.76	0.83	0.38	0.79		LGOCX
	CBSYX	MSTGX	XAWFX	DBIWX	MFIRX	CABIX	LGOCX

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Multi 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 Multi'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
CBSYX	0.26	0.00	(0.15)	0.00	0.16	(0.29)	0.51	(0.56)	1.56
MSTGX	0.25	0.07	(0.10)	4.42	0.15	(0.30)	0.62	(0.62)	1.56
XAWFX	0.13	0.04	(0.33)	(0.94)	0.00	(0.17)	0.27	(0.35)	1.34
DBIWX	0.22	0.05	(0.24)	4.09	0.00	(0.29)	0.56	(0.38)	1.22
MFIRX	0.15	0.04	(0.34)	1.05	0.00	(0.26)	0.38	(0.19)	0.77
CABIX	0.26	0.07	(0.12)	(3.16)	0.15	(0.29)	0.56	(0.51)	1.57
LGOCX	0.34	0.04	(0.20)	1.79	0.27	(0.42)	0.71	(0.58)	1.63

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Jhancock Multi Correlations

Moving together with Jhancock Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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