John Hancock Correlations

BTO Fund

USD 39.40 0.29 0.73%

The current 90-days correlation between John Hancock Financial and Columbia Seligman Premium is -0.22 (i.e., Very 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 poor diversification

The correlation between John Hancock Financial and DJI is 0.89 (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 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

0.84	NCZ	Allianzgi Convertible	Pair Corr
0.83	KF	Korea Closed	Pair Corr
0.91	BBALX	Northern Global Tactical	Pair Corr
0.7	PFRIX	Prudential Floating Rate	Pair Corr
0.65	UINCX	Income Fund Income	Pair Corr
0.85	USWGX	World Growth	Pair Corr
0.83	JVTAX	Janus Venture	Pair Corr
0.8	MAGMX	Mfs Growth Allocation	Pair Corr
0.89	MSSCX	Amg Frontier Small	Pair Corr
0.72	GWPFX	American Funds Growth	Pair Corr
0.84	EKWYX	Wells Fargo Advantage	Pair Corr
0.69	MISHX	Ab Municipal Income	Pair Corr
0.87	TRRMX	T Rowe Price	Pair Corr
0.91	FLMAX	Muirfield Fund Adviser	Pair Corr
0.94	SNWCX	Snow Capital Small	Pair Corr
0.89	HLDRX	Hartford Emerging	Pair Corr
0.76	ACCWX	Invesco Porate Bond	Pair Corr
0.83	FAITX	American Funds 2050	Pair Corr
0.86	FTCWX	Fidelity Asset Manager	Pair Corr
0.9	RCRIX	Riverpark Floating Rate	Pair Corr
0.74	JAFLX	Flexible Bond Portfolio	Pair Corr
0.79	AAOTX	American Funds 2065	Pair Corr
0.9	JSIZX	Jpmorgan Smartretirement	Pair Corr
0.78	BLSIX	Blackrock Emerging	Pair Corr
0.74	COSIX	Columbia Strategic Income	Pair Corr
0.91	SZCCX	Deutsche Small Cap	Pair Corr
0.78	NMMGX	Multi Manager Global	Pair Corr
0.88	MAFCX	Abbey Capital Multi	Pair Corr
0.84	JAVTX	Janus Venture	Pair Corr
0.96	RSPMX	Victory Rs Partners	Pair Corr
0.78	AABTX	American Funds 2015	Pair Corr
0.85	AIDYX	Diversified Municipal	Pair Corr
0.95	GACIX	Gabelli Small	Pair Corr
0.76	HCSBX	The Short-term	Pair Corr
0.85	LAGIX	Ladenburg Aggressive	Pair Corr

Moving against John Fund

0.74

RCS

Pimco Strategic Income

Pair Corr

Related Correlations Analysis

	GMLGX	RMBKX	UOPSX	ALZFX	NOSGX	STK	HPI
GMLGX		0.78	0.69	0.85	0.71	0.59	-0.58	GMLGX
RMBKX	0.78		0.22	0.78	0.91	0.65	-0.87	RMBKX
UOPSX	0.69	0.22		0.59	0.25	0.45	0.01	UOPSX
ALZFX	0.85	0.78	0.59		0.87	0.57	-0.66	ALZFX
NOSGX	0.71	0.91	0.25	0.87		0.66	-0.83	NOSGX
STK	0.59	0.65	0.45	0.57	0.66		-0.47	STK
HPI	-0.58	-0.87	0.01	-0.66	-0.83	-0.47		HPI
	GMLGX	RMBKX	UOPSX	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	+ 0.91	RMBKX
NOSGX	+ 0.87	ALZFX
ALZFX	+ 0.85	GMLGX
RMBKX	+ 0.78	GMLGX
ALZFX	+ 0.78	RMBKX
NOSGX	+ 0.71	GMLGX

High negative correlations

HPI	- 0.87	RMBKX
HPI	- 0.83	NOSGX
HPI	- 0.66	ALZFX
HPI	- 0.58	GMLGX
HPI	- 0.47	STK

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
GMLGX	0.57	(0.03)	(0.06)	0.05	0.70	(0.59)	1.36	(1.20)	3.46
RMBKX	1.03	0.39	0.26	7.06	0.69	(1.21)	3.03	(1.13)	8.81
UOPSX	1.59	(0.21)	0.00	(0.04)	0.00	0.00	3.24	(3.86)	9.50
ALZFX	1.10	0.00	(0.01)	0.08	1.47	(1.03)	2.65	(2.76)	8.08
NOSGX	2.30	1.15	1.30	1.12	0.00	(3.08)	2.63	(1.24)	71.02
STK	1.25	0.14	0.03	(1.89)	1.46	(1.29)	2.92	(2.74)	7.38
HPI	0.33	(0.09)	0.00	(0.33)	0.00	0.00	0.72	(0.72)	1.66

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