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.
  
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 income.

Moving together with Jhancock Mutual Fund

  0.68FRBAX Regional BankPairCorr
  0.68FRBCX Regional BankPairCorr
  0.7JQLMX Multimanager LifestylePairCorr
  0.93JQLBX Multimanager LifestylePairCorr
  0.91JQLAX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.68JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.63JRGRX Regional BankPairCorr
  0.66JRLOX Retirement Living ThroughPairCorr
  0.91JRLQX Retirement Living ThroughPairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.92JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.92JRLZX Retirement Living ThroughPairCorr
  0.92JRODX J Hancock IiPairCorr
  0.92JAAFX Jhancock Multi IndexPairCorr
  0.92JAAJX Jhancock Multi IndexPairCorr
  0.81JAAIX Alternative AssetPairCorr
  0.92JAAKX Jhancock Multi IndexPairCorr
  0.75JRTBX Retirement Living ThroughPairCorr
  0.87JAARX Alternative AssetPairCorr
  0.86JAASX Alternative AssetPairCorr
  0.88JRTIX Multi Index 2030PairCorr
  0.94JRTKX Retirement Living ThroughPairCorr
  1.0JAAWX Jhancock MultimanagerPairCorr
  0.94JRTMX Multi Index 2035PairCorr
  0.94JRTNX Retirement Living ThroughPairCorr
  0.87JABDX Jhancock MultimanagerPairCorr
  0.9JRTWX Retirement Living ThroughPairCorr
  0.86JAAAX Alternative AssetPairCorr
  0.75PZFVX Classic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OPTCXABVCX
VOLMXADOIX
OPTCXVOLMX
ABVCXVOLMX
ABVCXADOIX
OPTCXADOIX
  
High negative correlations   
OPTCXFALCX
FALCXABVCX
FALCXLTFXX
FALCXVOLMX
FALCXADOIX

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.