John Hancock Correlations

BTO Fund

USD 35.91 0.62 1.76%

The current 90-days correlation between John Hancock Financial and John Hancock Premium is -0.06 (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 Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

John Hancock Correlation With Market

Very weak diversification

The correlation between John Hancock Financial and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in John Hancock Financial. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with John Fund

0.72	CSQ	Calamos Strategic Total	Pair Corr
0.77	CFGRX	Growth Fund	Pair Corr
0.66	BIVRX	Balter Invenomic	Pair Corr
0.61	TLOTX	Transamerica Large Value	Pair Corr
0.87	CFMVX	Commerce Midcap Value	Pair Corr
0.67	DGEFX	Destinations Equity	Pair Corr
0.85	VICAX	Usa Mutuals Vice	Pair Corr
0.66	ARKVX	Ark Venture Fund	Pair Corr
0.8	CDCRX	Copeland Risk Managed	Pair Corr
0.68	DQIRX	Dreyfus Equity Income	Pair Corr
0.77	CFAGX	Midcap Growth	Pair Corr
0.8	CDGRX	Copeland Risk Managed	Pair Corr
0.81	NMSCX	Columbia Small Cap	Pair Corr
0.62	MSJAX	Morgan Stanley Global	Pair Corr
0.75	ASGTX	Transamerica Small Cap	Pair Corr
0.66	HNISX	Harbor International	Pair Corr

Moving against John Fund

0.38

USCBX

California Bond

Pair Corr

Related Correlations Analysis

	PDT	GMLGX	RMBKX	UOPSX	HTD	ALZFX	NOSGX	STK	HPI
PDT		-0.42	-0.4	0.0	0.62	-0.24	-0.38	-0.21	0.74	PDT
GMLGX	-0.42		0.74	0.5	-0.39	0.74	0.64	0.67	-0.57	GMLGX
RMBKX	-0.4	0.74		0.04	-0.7	0.67	0.66	0.17	-0.73	RMBKX
UOPSX	0.0	0.5	0.04		0.09	0.37	0.17	0.79	0.17	UOPSX
HTD	0.62	-0.39	-0.7	0.09		-0.47	-0.6	0.1	0.77	HTD
ALZFX	-0.24	0.74	0.67	0.37	-0.47		0.85	0.5	-0.48	ALZFX
NOSGX	-0.38	0.64	0.66	0.17	-0.6	0.85		0.33	-0.69	NOSGX
STK	-0.21	0.67	0.17	0.79	0.1	0.5	0.33		-0.08	STK
HPI	0.74	-0.57	-0.73	0.17	0.77	-0.48	-0.69	-0.08		HPI
	PDT	GMLGX	RMBKX	UOPSX	HTD	ALZFX	NOSGX	STK	HPI

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NOSGX	+ 0.85	ALZFX
STK	+ 0.79	UOPSX
HPI	+ 0.77	HTD
HPI	+ 0.74	PDT
RMBKX	+ 0.74	GMLGX
ALZFX	+ 0.74	GMLGX

High negative correlations

HPI	- 0.73	RMBKX
HTD	- 0.7	RMBKX
HPI	- 0.69	NOSGX
NOSGX	- 0.6	HTD
HPI	- 0.57	GMLGX
HPI	- 0.48	ALZFX

Risk-Adjusted Indicators

There is a big difference between John Fund performing well and John Hancock 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PDT	0.46	(0.06)	0.00	(0.52)	0.00	0.00	0.78	(0.94)	2.58
GMLGX	0.59	(0.03)	(0.04)	0.04	0.83	(0.57)	1.36	(1.20)	3.21
RMBKX	1.05	0.16	0.10	0.24	1.21	(1.14)	3.03	(1.80)	7.66
UOPSX	1.65	0.04	(0.01)	0.22	2.45	(1.62)	3.59	(4.10)	9.34
HTD	0.68	(0.08)	0.00	(0.11)	0.00	0.00	1.23	(1.42)	3.60
ALZFX	1.10	0.06	0.04	0.14	1.37	(1.08)	2.65	(2.63)	6.32
NOSGX	2.29	1.03	1.01	1.25	0.00	(3.33)	2.25	(1.54)	70.08
STK	1.14	0.04	0.03	0.11	1.44	(1.15)	2.92	(2.74)	7.32
HPI	0.37	(0.07)	0.00	(0.42)	0.00	0.00	0.72	(0.72)	1.92

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