John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JDVIX Fund  USD 14.25  0.11  0.78%   
The current 90-days correlation between John Hancock Disciplined and Regional Bank Fund is 0.05 (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.

John Hancock Correlation With Market

Good diversification

The correlation between John Hancock Disciplined and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined 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 John Hancock Disciplined. 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 gross domestic product.

Moving together with John Mutual Fund

  0.87FRBAX Regional BankPairCorr
  0.87FRBCX Regional BankPairCorr
  0.63JQLMX Multimanager LifestylePairCorr
  0.62JQLBX Multimanager LifestylePairCorr
  0.76JQLAX Multimanager LifestylePairCorr
  0.62JQLCX Multimanager LifestylePairCorr
  0.75JQLGX Multimanager LifestylePairCorr
  0.87JRBFX Regional BankPairCorr
  0.73JRETX J Hancock IiPairCorr
  0.87JRGRX Regional BankPairCorr
  0.63JRLDX Retirement Living ThroughPairCorr
  0.63JRLFX Multi Index 2010PairCorr
  0.64JRLIX Retirement Living ThroughPairCorr
  0.62JRLHX Retirement Living ThroughPairCorr
  0.64JRLKX Multi Index 2015PairCorr
  0.64JRLLX Retirement Living ThroughPairCorr
  0.65JRLOX Retirement Living ThroughPairCorr
  0.66JRLPX Multi Index 2020PairCorr
  0.74JROUX J Hancock IiPairCorr
  0.79JAAFX Jhancock Multi IndexPairCorr
  0.79JAAJX Jhancock Multi IndexPairCorr
  0.79JAAKX Jhancock Multi IndexPairCorr
  0.66JRTBX Retirement Living ThroughPairCorr
  0.64JRTAX Retirement Living ThroughPairCorr
  0.66JRTDX Multi Index 2025PairCorr
  0.63JRTGX Retirement Living ThroughPairCorr
  0.66JRTFX Retirement Living ThroughPairCorr
  0.65JRTIX Multi Index 2030PairCorr
  0.77JAAVX Jhancock MultimanagerPairCorr
  0.62JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.88 
(2.10)
 7.89 
FRBCX  1.03 (0.21) 0.00 (0.22) 0.00 
 0.00 
 1.86 
(2.13)
 8.38 
JQLMX  0.26  0.01  0.02  0.05  0.32 
(0.29)
 0.57 
(0.41)
 1.94 
JQLBX  0.34  0.01  0.01  0.03  0.49 
(0.36)
 0.60 
(0.58)
 2.43 
JQLAX  0.52 (0.02) 0.00 (0.02) 0.00 
 0.00 
 0.90 
(1.45)
 3.48 
JQLCX  0.17  0.01  0.03  0.09  0.17 
(0.22)
 0.42 
(0.34)
 1.35 
JQLGX  0.44  0.01  0.00 (0.22) 0.67 
(0.45)
 0.79 
(1.20)
 3.07 
JRBFX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.84 
(2.10)
 7.93 
JRETX  0.53 (0.01)(0.01)(0.01) 0.83 
(0.54)
 0.99 
(1.46)
 3.37 
JRGRX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.84 
(2.13)
 7.96 

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