John Hancock Correlations

JHML Etf

USD 75.49 0.31 0.41%

The current 90-days correlation between John Hancock Multifactor and John Hancock Multifactor is 0.02 (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 Multifactor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Almost no diversification

The correlation between John Hancock Multifactor and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Multifactor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with John Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Multifactor. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with John Etf

1.0	VTI	Vanguard Total Stock	Pair Corr
1.0	SPY	SPDR SP 500	Pair Corr
1.0	IVV	iShares Core SP	Pair Corr
0.99	VIG	Vanguard Dividend	Pair Corr
1.0	VV	Vanguard Large Cap	Pair Corr
0.99	RSP	Invesco SP 500	Pair Corr
0.98	IWB	iShares Russell 1000	Pair Corr
0.98	ESGU	iShares ESG Aware	Pair Corr
1.0	DFAC	Dimensional Core Equity	Pair Corr
1.0	SPLG	SPDR Portfolio SP	Pair Corr
0.82	PFFL	ETRACS 2xMonthly Pay	Pair Corr
1.0	ITDD	iShares Trust	Pair Corr
0.67	PMBS	PIMCO Mortgage Backed	Pair Corr
0.85	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.89	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.73	INTC	Intel	Pair Corr
0.98	BAC	Bank of America	Pair Corr
0.94	DIS	Walt Disney	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.86	IBM	International Business	Pair Corr
0.94	GE	GE Aerospace	Pair Corr
0.97	JPM	JPMorgan Chase	Pair Corr

Moving against John Etf

0.77	MPAY	Exchange Traded Concepts	Pair Corr
0.6	KO	Coca Cola	Pair Corr
0.73	MCD	McDonalds	Pair Corr
0.41	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	JHMM	JPUS	LRGF	JHMD	QUS
JHMM		0.99	0.98	0.92	0.99	JHMM
JPUS	0.99		0.97	0.92	0.99	JPUS
LRGF	0.98	0.97		0.95	0.97	LRGF
JHMD	0.92	0.92	0.95		0.94	JHMD
QUS	0.99	0.99	0.97	0.94		QUS
	JHMM	JPUS	LRGF	JHMD	QUS

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John Hancock Constituents Risk-Adjusted Indicators

There is a big difference between John Etf performing well and John Hancock ETF 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
JHMM	0.71	0.29	0.09	(2.73)	0.46	(0.88)	2.08	(1.04)	5.83
JPUS	0.56	0.19	(0.04)	(3.04)	0.42	(0.61)	1.30	(0.93)	4.02
LRGF	0.56	0.10	0.13	0.31	0.00	(0.69)	1.60	(0.65)	5.18
JHMD	0.59	0.07	(0.05)	0.34	0.35	(0.74)	1.54	(1.10)	3.27
QUS	0.53	0.21	(0.01)	(2.45)	0.17	(0.63)	1.27	(0.75)	3.81

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