Jhancock Multimanager Correlations
JABEX Fund | USD 13.79 0.09 0.66% |
The current 90-days correlation between Jhancock Multimanager and Acm Dynamic Opportunity is 0.86 (i.e., Very poor 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 poor diversification
The correlation between Jhancock Multimanager 2065 and DJI is 0.83 (i.e., Very poor 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.
Jhancock |
Moving together with Jhancock Mutual Fund
0.68 | FRBAX | Regional Bank | PairCorr |
0.68 | FRBCX | Regional Bank | PairCorr |
0.7 | JQLMX | Multimanager Lifestyle | PairCorr |
0.93 | JQLBX | Multimanager Lifestyle | PairCorr |
0.91 | JQLAX | Multimanager Lifestyle | PairCorr |
0.99 | JQLGX | Multimanager Lifestyle | PairCorr |
0.68 | JRBFX | Regional Bank | PairCorr |
1.0 | JRETX | J Hancock Ii | PairCorr |
0.63 | JRGRX | Regional Bank | PairCorr |
0.66 | JRLOX | Retirement Living Through | PairCorr |
0.91 | JRLQX | Retirement Living Through | PairCorr |
0.99 | JRLUX | Multi Index 2045 | PairCorr |
0.92 | JRLWX | Retirement Living Through | PairCorr |
0.99 | JRLVX | Retirement Living Through | PairCorr |
0.92 | JRLZX | Retirement Living Through | PairCorr |
0.92 | JRODX | J Hancock Ii | PairCorr |
0.92 | JAAFX | Jhancock Multi Index | PairCorr |
0.92 | JAAJX | Jhancock Multi Index | PairCorr |
0.81 | JAAIX | Alternative Asset | PairCorr |
0.92 | JAAKX | Jhancock Multi Index | PairCorr |
0.75 | JRTBX | Retirement Living Through | PairCorr |
0.87 | JAARX | Alternative Asset | PairCorr |
0.86 | JAASX | Alternative Asset | PairCorr |
0.88 | JRTIX | Multi Index 2030 | PairCorr |
0.94 | JRTKX | Retirement Living Through | PairCorr |
1.0 | JAAWX | Jhancock Multimanager | PairCorr |
0.94 | JRTMX | Multi Index 2035 | PairCorr |
0.94 | JRTNX | Retirement Living Through | PairCorr |
0.87 | JABDX | Jhancock Multimanager | PairCorr |
0.9 | JRTWX | Retirement Living Through | PairCorr |
0.86 | JAAAX | Alternative Asset | PairCorr |
0.75 | PZFVX | Classic Value | PairCorr |
Related Correlations Analysis
0.95 | 0.22 | 0.89 | 0.0 | 0.89 | ADOIX | ||
0.95 | 0.33 | 0.94 | 0.0 | 0.95 | VOLMX | ||
0.22 | 0.33 | 0.42 | 0.0 | 0.46 | LTFXX | ||
0.89 | 0.94 | 0.42 | 0.0 | 0.98 | ABVCX | ||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FALCX | ||
0.89 | 0.95 | 0.46 | 0.98 | 0.0 | OPTCX | ||
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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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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ADOIX | 0.45 | (0.01) | (0.08) | 0.07 | 0.63 | 1.16 | 3.31 | |||
VOLMX | 0.60 | 0.00 | 0.00 | 0.10 | 0.60 | 1.14 | 4.49 | |||
LTFXX | 0.03 | 0.01 | 0.00 | (0.12) | 0.00 | 0.00 | 1.01 | |||
ABVCX | 0.53 | 0.12 | 0.03 | (2.73) | 0.31 | 1.09 | 3.88 | |||
FALCX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
OPTCX | 0.16 | 0.04 | (0.32) | 1.34 | 0.00 | 0.41 | 1.07 |