John Hancock Correlations

Etfs . USA . 
Etf . John Hancock Multifactor
JHMM Etf  USD 62.14  0.63  1.02%   
The current 90-days correlation between John Hancock Multifactor and John Hancock Multifactor is -0.16 (i.e., Good 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 0.9 (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

  1.0VO Vanguard Mid CapPairCorr
  0.99VXF Vanguard Extended Market Sell-off TrendPairCorr
  1.0IJH iShares Core SP Sell-off TrendPairCorr
  1.0IWR iShares Russell MidPairCorr
  1.0MDY SPDR SP MIDCAPPairCorr
  1.0FV First Trust DorseyPairCorr
  1.0IVOO Vanguard SP MidPairCorr
  1.0BBMC JPMorgan BetaBuilders MidPairCorr
  0.99XMMO Invesco SP MidCapPairCorr
  0.63PMBS PIMCO Mortgage BackedPairCorr
  0.98SIXD AIM ETF ProductsPairCorr
  0.87PFFL ETRACS 2xMonthly PayPairCorr
  0.98CEFD ETRACS Monthly PayPairCorr
  0.85KGRN KraneShares MSCI ChinaPairCorr
  0.96BUFD FT Cboe VestPairCorr
  0.67EUSB iShares TrustPairCorr
  0.8CVX Chevron CorpPairCorr
  0.94CSCO Cisco SystemsPairCorr
  0.97MSFT MicrosoftPairCorr
  0.96DIS Walt DisneyPairCorr
  0.92DD Dupont De NemoursPairCorr
  0.94MMM 3M CompanyPairCorr
  0.96CAT CaterpillarPairCorr
  0.9IBM International Business Earnings Call This WeekPairCorr
  0.93AA Alcoa CorpPairCorr
  0.64HD Home DepotPairCorr
  0.98AXP American ExpressPairCorr
  0.98BAC Bank of AmericaPairCorr
  0.93GE GE Aerospace Earnings Call This WeekPairCorr

Moving against John Etf

  0.98VXX iPath Series BPairCorr
  0.98VIXY ProShares VIX ShortPairCorr
  0.8YCL ProShares Ultra YenPairCorr
  0.6MCD McDonaldsPairCorr
  0.57KO Coca Cola Earnings Call This WeekPairCorr
  0.5PG Procter GamblePairCorr

Related Correlations Analysis

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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.

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