John Hancock Correlations

JSGIX Fund  USD 30.17  0.04  0.13%   
The current 90-days correlation between John Hancock Strategic and Regional Bank Fund is 0.59 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.

John Hancock Correlation With Market

Good diversification

The correlation between John Hancock Strategic and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Strategic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Strategic. 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 gross domestic product.

Moving together with John Mutual Fund

  0.91FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  0.98JQLMX Multimanager LifestylePairCorr
  0.77JQLBX Multimanager LifestylePairCorr
  0.7JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.69JQLGX Multimanager LifestylePairCorr
  0.89JRBFX Regional BankPairCorr
  0.77JRETX J Hancock IiPairCorr
  0.89JRGRX Regional BankPairCorr
  0.98JRLFX Multi Index 2010PairCorr
  0.65JRLHX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.68JRLUX Multi Index 2045PairCorr
  0.68JRLVX Retirement Living ThroughPairCorr
  0.69JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.67JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.67JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr
  0.99JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between John Mutual Fund performing well and John Hancock 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.08  0.35  0.16 (2.15) 0.92 
 2.61 
 6.87 
FRBCX  1.08  0.35  0.15 (2.17) 0.92 
 2.58 
 6.80 
JQLMX  0.25  0.05 (0.08) 0.30  0.00 
 0.81 
 1.74 
JQLBX  0.30  0.15  0.02  17.70  0.00 
 0.99 
 2.38 
JQLAX  0.44  0.15  0.13  0.43  0.00 
 1.50 
 3.50 
JQLCX  0.17  0.04 (0.23) 0.34  0.00 
 0.44 
 1.29 
JQLGX  0.37  0.18  0.06 (7.09) 0.00 
 1.31 
 3.04 
JRBFX  1.08  0.15  0.14  0.27  0.93 
 2.62 
 6.88 
JRETX  0.45  0.22  0.15  9.15  0.00 
 1.50 
 3.61 
JRGRX  1.08  0.15  0.14  0.27  0.93 
 2.58 
 6.88