John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Esg
JHJIX Fund  USD 26.00  0.12  0.46%   
The current 90-days correlation between John Hancock Esg and Pro Blend Moderate Term 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.

John Hancock Correlation With Market

Significant diversification

The correlation between John Hancock Esg and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Esg 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 Esg. 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

  0.77VTSAX Vanguard Total StockPairCorr
  0.71VFIAX Vanguard 500 IndexPairCorr
  0.77VTSMX Vanguard Total StockPairCorr
  0.77VITSX Vanguard Total StockPairCorr
  0.77VSMPX Vanguard Total StockPairCorr
  0.77VSTSX Vanguard Total StockPairCorr
  0.71VFINX Vanguard 500 IndexPairCorr
  0.76VFFSX Vanguard 500 IndexPairCorr
  0.76VINIX Vanguard InstitutionalPairCorr
  0.76VIIIX Vanguard InstitutionalPairCorr
  0.66KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.66KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.66KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.66LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.65KINCX Kinetics InternetPairCorr
  0.66KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.65KINAX Kinetics InternetPairCorr
  0.66WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.66KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.67CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.7AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.61JPM JPMorgan Chase Sell-off TrendPairCorr
  0.64INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.63BAC Bank of America Aggressive PushPairCorr
  0.7HPQ HP IncPairCorr

Moving against John Mutual Fund

  0.57JNJ Johnson Johnson Sell-off TrendPairCorr
  0.49KO Coca Cola Aggressive PushPairCorr
  0.42PFE Pfizer Inc Aggressive PushPairCorr

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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