John Hancock Correlations

BTO Fund

USD 36.68 0.25 0.69%

The current 90-days correlation between John Hancock Financial and Tekla Life Sciences is 0.36 (i.e., Weak 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

Weak diversification

The correlation between John Hancock Financial and DJI is 0.31 (i.e., 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 estimate.

Moving together with John Fund

0.86	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.86	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.88	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.86	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.83	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.89	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.86	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	FTXNX	Fuller Thaler Behavioral	Pair Corr
0.69	SMLPX	Salient Mlp Energy	Pair Corr
0.63	ADNPX	Amer Beacon Ark	Pair Corr
0.61	NLSAX	Neuberger Berman Long	Pair Corr
0.82	BRUSX	Ultra-small Company	Pair Corr
0.67	LGLOX	Lord Abbett Growth	Pair Corr
0.81	AIWEX	World Energy	Pair Corr
0.95	CTIGX	Calamos Timpani Smid	Pair Corr
0.8	PCCOX	T Rowe Price	Pair Corr
0.67	MDHCX	Mainstay Short Duration	Pair Corr
0.7	MSEGX	Growth Portfolio Class	Pair Corr
0.9	AOFCX	Alger Small Cap	Pair Corr
0.91	ADKSX	Adirondack Small Cap	Pair Corr

Related Correlations Analysis

	HQL	THW	THQ	RVT	RNP	UTF	RFI	UTG	BST	RQI
HQL		0.89	0.89	-0.08	0.88	0.71	0.85	0.17	-0.21	0.84	HQL
THW	0.89		0.98	-0.3	0.88	0.74	0.83	0.16	-0.41	0.89	THW
THQ	0.89	0.98		-0.24	0.84	0.68	0.79	0.11	-0.32	0.85	THQ
RVT	-0.08	-0.3	-0.24		-0.16	0.15	-0.05	0.61	0.75	-0.1	RVT
RNP	0.88	0.88	0.84	-0.16		0.87	0.96	0.34	-0.41	0.97	RNP
UTF	0.71	0.74	0.68	0.15	0.87		0.92	0.7	-0.21	0.91	UTF
RFI	0.85	0.83	0.79	-0.05	0.96	0.92		0.47	-0.37	0.96	RFI
UTG	0.17	0.16	0.11	0.61	0.34	0.7	0.47		0.27	0.44	UTG
BST	-0.21	-0.41	-0.32	0.75	-0.41	-0.21	-0.37	0.27		-0.35	BST
RQI	0.84	0.89	0.85	-0.1	0.97	0.91	0.96	0.44	-0.35		RQI
	HQL	THW	THQ	RVT	RNP	UTF	RFI	UTG	BST	RQI

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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

THQ	+ 0.98	THW
RQI	+ 0.97	RNP
RFI	+ 0.96	RNP
RQI	+ 0.96	RFI
RFI	+ 0.92	UTF
RQI	+ 0.91	UTF

High negative correlations

BST	- 0.41	RNP
BST	- 0.41	THW
BST	- 0.37	RFI
RQI	- 0.35	BST
BST	- 0.32	THQ
RVT	- 0.3	THW

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
HQL	0.94	(0.09)	0.00	(0.24)	0.00	0.00	1.58	(2.04)	7.07
THW	0.76	(0.12)	0.00	(0.45)	0.00	0.00	1.23	(1.88)	3.96
THQ	0.94	(0.13)	0.00	(0.32)	0.00	0.00	1.59	(2.17)	5.19
RVT	0.88	0.08	0.08	0.25	0.98	(1.02)	1.87	(1.54)	9.12
RNP	0.91	(0.12)	0.00	(0.24)	0.00	0.00	1.82	(1.84)	6.09
UTF	0.74	(0.03)	0.00	(0.10)	0.00	0.00	1.33	(1.71)	3.40
RFI	0.83	(0.09)	0.00	(0.21)	0.00	0.00	1.49	(1.82)	5.46
UTG	0.86	0.12	0.08	0.28	1.29	(0.83)	1.69	(1.89)	4.92
BST	0.76	0.05	0.05	0.22	0.96	(0.77)	1.72	(1.67)	4.10
RQI	1.05	(0.08)	0.00	(0.13)	0.00	0.00	2.03	(1.96)	6.57

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