Jhancock Multimanager Correlations

Mutual Funds . USA . 
Fund . Jhancock Multimanager 2065
JABDX Fund  USD 13.46  0.03  0.22%   
The current 90-days correlation between Jhancock Multimanager and Regional Bank Fund is 0.18 (i.e., Average diversification). The correlation of Jhancock Multimanager 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.

Jhancock Multimanager Correlation With Market

Very weak diversification

The correlation between Jhancock Multimanager 2065 and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Multimanager 2065 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 Jhancock Multimanager 2065. 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 unemployment.

Moving together with Jhancock Mutual Fund

  0.8FRBAX Regional BankPairCorr
  0.82FRBCX Regional BankPairCorr
  0.92JQLMX Multimanager LifestylePairCorr
  0.93JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.9JQLCX Multimanager LifestylePairCorr
  0.97JQLGX Multimanager LifestylePairCorr
  0.83JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.83JRGRX Regional BankPairCorr
  0.86JRLDX Retirement Living ThroughPairCorr
  0.91JRLFX Multi Index 2010PairCorr
  0.92JRLIX Retirement Living ThroughPairCorr
  0.91JRLHX Retirement Living ThroughPairCorr
  0.92JRLKX Multi Index 2015PairCorr
  0.92JRLLX Retirement Living ThroughPairCorr
  0.93JRLOX Retirement Living ThroughPairCorr
  0.92JRLQX Retirement Living ThroughPairCorr
  0.93JRLPX Multi Index 2020PairCorr
  0.93JRLUX Multi Index 2045PairCorr
  0.91JRLWX Retirement Living ThroughPairCorr
  0.92JRLVX Retirement Living ThroughPairCorr
  0.91JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  0.91JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.93JRTBX Retirement Living ThroughPairCorr
  0.93JRTAX Retirement Living ThroughPairCorr
  0.93JRTDX Multi Index 2025PairCorr
  0.94JRTGX Retirement Living ThroughPairCorr
  0.93JRTFX Retirement Living ThroughPairCorr
  0.94JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.94JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Multimanager 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 Jhancock Multimanager'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  1.22  0.03 (0.03)(0.29) 1.63 
(1.52)
 2.74 
(2.91)
 18.11 
FRBCX  1.23 (0.02)(0.03) 0.03  1.68 
(1.52)
 2.75 
(2.92)
 18.58 
JQLMX  0.26 (0.01)(0.15) 0.05  0.35 
(0.28)
 0.57 
(0.57)
 2.02 
JQLBX  0.34  0.00 (0.10) 0.06  0.50 
(0.35)
 0.75 
(0.73)
 2.73 
JQLAX  0.52 (0.02)(0.07) 0.02  0.82 
(0.51)
 1.16 
(1.29)
 4.36 
JQLCX  0.17  0.00 (0.22) 0.04  0.20 
(0.21)
 0.42 
(0.34)
 1.44 
JQLGX  0.45 (0.01)(0.08) 0.05  0.67 
(0.46)
 1.00 
(1.20)
 3.71 
JRBFX  1.22 (0.01)(0.03) 0.06  1.61 
(1.52)
 2.72 
(2.88)
 18.14 
JRETX  0.54 (0.01)(0.06) 0.04  0.81 
(0.56)
 1.15 
(1.37)
 4.32 
JRGRX  1.22 (0.01)(0.03) 0.06  1.61 
(1.52)
 2.75 
(2.88)
 18.14 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY