Jhancock Global Correlations

Mutual Funds . USA . 
Fund . Jhancock Global Equity
JGETX Fund  USD 11.95  0.07  0.59%   
The current 90-days correlation between Jhancock Global Equity and Regional Bank Fund is 0.54 (i.e., Very weak 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

Average diversification

The correlation between Jhancock Global Equity and DJI is 0.14 (i.e., Average 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 estimate.

Moving together with Jhancock Mutual Fund

  0.75FRBAX Regional BankPairCorr
  0.77FRBCX Regional BankPairCorr
  0.71JQLMX Multimanager LifestylePairCorr
  0.69JQLBX Multimanager LifestylePairCorr
  0.76JQLAX Multimanager LifestylePairCorr
  0.7JQLCX Multimanager LifestylePairCorr
  0.73JQLGX Multimanager LifestylePairCorr
  0.75JRBFX Regional BankPairCorr
  0.69JRETX J Hancock IiPairCorr
  0.75JRGRX Regional BankPairCorr
  0.74JRLDX Retirement Living ThroughPairCorr
  0.74JRLFX Multi Index 2010PairCorr
  0.75JRLIX Retirement Living ThroughPairCorr
  0.75JRLHX Retirement Living ThroughPairCorr
  0.76JRLKX Multi Index 2015PairCorr
  0.74JRLLX Retirement Living ThroughPairCorr
  0.75JRLOX Retirement Living ThroughPairCorr
  0.76JRLPX Multi Index 2020PairCorr
  0.69JROUX J Hancock IiPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.74JAAKX Jhancock Multi IndexPairCorr
  0.75JRTBX Retirement Living ThroughPairCorr
  0.75JRTAX Retirement Living ThroughPairCorr
  0.76JRTDX Multi Index 2025PairCorr
  0.71JRTGX Retirement Living ThroughPairCorr
  0.75JRTFX Retirement Living ThroughPairCorr
  0.72JRTIX Multi Index 2030PairCorr
  0.72JAAVX Jhancock MultimanagerPairCorr
  0.69JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.28  0.00  0.00  0.03  1.72 
(1.53)
 2.74 
(2.91)
 18.11 
FRBCX  1.28 (0.01)(0.01) 0.01  1.77 
(1.53)
 2.75 
(2.94)
 18.58 
JQLMX  0.27 (0.02) 0.00 (0.13) 0.00 
 0.00 
 0.57 
(0.57)
 2.02 
JQLBX  0.35 (0.02) 0.00 (0.08) 0.00 
 0.00 
 0.66 
(0.73)
 2.73 
JQLAX  0.53 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.90 
(1.29)
 4.36 
JQLCX  0.18 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.34 
(0.51)
 1.44 
JQLGX  0.46 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.79 
(1.20)
 3.71 
JRBFX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.72 
(2.91)
 18.14 
JRETX  0.54 (0.03) 0.00 (0.08) 0.00 
 0.00 
 1.03 
(1.37)
 4.32 
JRGRX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.75 
(2.88)
 18.14 

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