John Hancock Correlations

Mutual Funds USA . 
Fund . John Hancock High
JCTFX Fund  USD 7.08  0.02  0.28%   
The current 90-days correlation between John Hancock High and Transamerica Intermediate Muni is 0.04 (i.e., Significant diversification). The correlation of John Hancock 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.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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 census.

Moving together with John Mutual Fund

  0.64JQLMX Multimanager LifestylePairCorr
  0.66JQLCX Multimanager LifestylePairCorr
  0.62JRETX J Hancock IiPairCorr
  0.64JRLDX Retirement Living ThroughPairCorr
  0.65JRLFX Multi Index 2010PairCorr
  0.64JRLLX Retirement Living ThroughPairCorr
  0.64JRLPX Multi Index 2020PairCorr
  0.62JROUX J Hancock IiPairCorr
  0.64JAAKX Jhancock Multi IndexPairCorr
  0.63JRTBX Retirement Living ThroughPairCorr
  0.63JRTAX Retirement Living ThroughPairCorr
  0.61JRTGX Retirement Living ThroughPairCorr
  0.63JRTFX Retirement Living ThroughPairCorr
  0.62JRTIX Multi Index 2030PairCorr
  0.63JAAVX Jhancock MultimanagerPairCorr
  0.63JAAWX Jhancock MultimanagerPairCorr
  0.63JAAZX Jhancock MultimanagerPairCorr
  0.63JABDX Jhancock MultimanagerPairCorr
  0.63JABBX Jhancock MultimanagerPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between John Mutual Fund performing well and John Hancock 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 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.

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