John Hancock Correlations

Etfs . USA . 
Etf . John Hancock Multifactor
JHSC Etf  USD 40.58  0.27  0.67%   
The current 90-days correlation between John Hancock Multifactor and John Hancock Multifactor is -0.19 (i.e., Good diversification). The correlation of John Hancock 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.

John Hancock Correlation With Market

Very poor diversification

The correlation between John Hancock Multifactor and DJI is 0.85 (i.e., Very poor 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 state.

Moving together with John Etf

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  1.0FNDA Schwab Fundamental SmallPairCorr
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  1.0DFAS Dimensional Small CapPairCorr
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  0.98VTV Vanguard Value IndexPairCorr
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  0.99VO Vanguard Mid CapPairCorr
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  0.82KWEB KraneShares CSI ChinaPairCorr
  0.95PFUT Putnam Sustainable FuturePairCorr
  0.96DFEV Dimensional ETF TrustPairCorr
  0.81PALL abrdn Physical PalladiumPairCorr

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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