John Hancock Correlations

JGSRX Fund  USD 12.64  0.06  0.48%   
The current 90-days correlation between John Hancock Global and Bbh Partner Fund is 0.76 (i.e., Poor 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

Poor diversification

The correlation between John Hancock Global and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Global 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 Global. 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 metropolitan statistical area.

Moving together with John Mutual Fund

  0.79JQLMX Multimanager LifestylePairCorr
  0.65JQLBX Multimanager LifestylePairCorr
  0.76JQLCX Multimanager LifestylePairCorr
  0.81JRLDX Retirement Living ThroughPairCorr
  0.81JRLFX Multi Index 2010PairCorr
  0.81JRLIX Retirement Living ThroughPairCorr
  0.81JRLHX Retirement Living ThroughPairCorr
  0.82JRLKX Multi Index 2015PairCorr
  0.81JRLLX Retirement Living ThroughPairCorr
  0.81JRLOX Retirement Living ThroughPairCorr
  0.82JRLPX Multi Index 2020PairCorr
  0.79JRTBX Retirement Living ThroughPairCorr
  0.81JRTAX Retirement Living ThroughPairCorr
  0.79JRTDX Multi Index 2025PairCorr
  0.72JRTGX Retirement Living ThroughPairCorr
  0.79JRTFX Retirement Living ThroughPairCorr
  0.72JRTIX Multi Index 2030PairCorr
  0.66JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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   
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LMUSXTWBIX
TWBIXWRLDX
LMUSXWRLDX
TQAAXTWBIX
  
High negative correlations   
LMUSXBBHLX
TQAAXBBHLX
LMUSXFALCX
TQAAXFALCX
FALCXTWBIX
FALCXWRLDX

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.