Jhancock Global Correlations

JGEMX Fund

USD 12.14 0.09 0.74%

The current 90-days correlation between Jhancock Global Equity and Calvert Moderate Allocation is 0.14 (i.e., Average diversification). The correlation of Jhancock Global 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 Global Correlation With Market

Significant diversification

The correlation between Jhancock Global Equity and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Global Equity 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 Global Equity. 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 population.

Moving together with Jhancock Mutual Fund

0.96	FRBCX	Regional Bank	Pair Corr
0.96	JRGRX	Regional Bank	Pair Corr
0.91	JSCNX	John Hancock Ii	Pair Corr
0.81	JBGAX	Blue Chip Growth	Pair Corr
0.9	JBSOX	New Opportunities	Pair Corr
0.81	JTKIX	Jhancock Global Thematic	Pair Corr
0.68	JTMRX	John Hancock Tax	Pair Corr
0.71	TIUSX	John Hancock Investment	Pair Corr
0.9	JDVNX	Jhancock Disciplined	Pair Corr
0.99	JVLIX	John Hancock Disciplined	Pair Corr
0.97	JFDRX	Financial Industries	Pair Corr
0.83	JFGFX	Fundamental Global	Pair Corr
0.86	JGECX	Jhancock Global Equity	Pair Corr
1.0	JGEFX	Global Equity	Pair Corr
0.67	JGIFX	John Hancock Government	Pair Corr
0.84	JYEBX	Jhancock Real Estate	Pair Corr
0.77	JHFMX	Jhancock Mgd Acct	Pair Corr
0.94	FIDAX	Financial Industries	Pair Corr
0.98	FIDCX	Financial Industries	Pair Corr
0.66	JIIOX	Lifestyle Ii Aggressive	Pair Corr
0.66	JLAEX	Retirement Living Through	Pair Corr
0.9	TAGRX	Fundamental Large Cap	Pair Corr
0.76	JLJEX	Retirement Living Through	Pair Corr
0.7	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.99	TEDRX	Franklin Mutual Global	Pair Corr
0.98	FMDRX	Franklin Mutual Global	Pair Corr
0.95	DOXWX	Dodge Cox Global	Pair Corr
0.81	DODWX	Dodge Global Stock	Pair Corr
0.81	TRZRX	T Rowe Price	Pair Corr
0.86	TEDIX	Franklin Mutual Global	Pair Corr
0.98	MDISX	Franklin Mutual Global	Pair Corr
0.99	TEDSX	Franklin Mutual Global	Pair Corr
0.81	PRAFX	T Rowe Price	Pair Corr
0.95	BEGRX	Franklin Mutual Beacon	Pair Corr

Moving against Jhancock Mutual Fund

0.55

JDJRX

Jhancock Diversified

Pair Corr

Related Correlations Analysis

	CMACX	FHRVX	QCGLRX	FLMTX	TCTZX	SIRZX	CMATX	VRRJX
CMACX		0.79	0.79	0.9	0.93	0.96	0.93	0.95	CMACX
FHRVX	0.79		0.51	0.69	0.75	0.78	0.68	0.72	FHRVX
QCGLRX	0.79	0.51		0.93	0.91	0.81	0.92	0.93	QCGLRX
FLMTX	0.9	0.69	0.93		0.98	0.93	0.97	0.97	FLMTX
TCTZX	0.93	0.75	0.91	0.98		0.94	0.97	0.99	TCTZX
SIRZX	0.96	0.78	0.81	0.93	0.94		0.95	0.95	SIRZX
CMATX	0.93	0.68	0.92	0.97	0.97	0.95		0.98	CMATX
VRRJX	0.95	0.72	0.93	0.97	0.99	0.95	0.98		VRRJX
	CMACX	FHRVX	QCGLRX	FLMTX	TCTZX	SIRZX	CMATX	VRRJX

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Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Global 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 Global'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
CMACX	0.38	0.00	(0.08)	0.05	0.60	(0.36)	0.73	(0.92)	2.88
FHRVX	0.26	(0.01)	(0.15)	0.01	0.38	(0.26)	0.65	(0.76)	2.12
QCGLRX	0.58	0.02	(0.03)	0.13	0.83	(0.56)	1.12	(1.54)	4.41
FLMTX	0.25	(0.01)	(0.13)	0.04	0.36	(0.26)	0.57	(0.56)	1.98
TCTZX	0.26	0.01	(0.11)	0.11	0.32	(0.30)	0.61	(0.61)	1.95
SIRZX	0.28	0.00	(0.13)	0.05	0.41	(0.27)	0.58	(0.48)	2.40
CMATX	0.39	0.01	(0.06)	0.11	0.50	(0.45)	0.94	(1.05)	3.48
VRRJX	0.41	0.01	(0.05)	0.10	0.59	(0.43)	0.96	(0.74)	3.25

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