John Hancock Correlations

JHS Stock

USD 11.69 0.03 0.26%

The current 90-days correlation between John Hancock Income and John Hancock Investors is 0.02 (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

Poor diversification

The correlation between John Hancock Income and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with John Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in John Hancock Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with John Stock

0.77	LBS	Life Banc Split	Pair Corr
0.9	DFN	Dividend 15 Split	Pair Corr
0.86	CSOC-A	Canso Select Opportu	Pair Corr
0.87	DGS	Dividend Growth Split	Pair Corr
0.81	ASA	ASA Gold	Pair Corr
0.77	HRZN	Horizon Technology	Pair Corr
0.84	SBC	Brompton Split Banc	Pair Corr
0.88	URB-A	Urbana	Pair Corr
0.83	LCS	Brompton Lifeco Split Split	Pair Corr
0.85	URB	Urbana	Pair Corr
0.72	CGL	CATLIN GROUP	Pair Corr
0.72	BBDC	Barings BDC	Pair Corr
0.66	PWI	Sustainable Power	Pair Corr
0.81	TRIN	Trinity Capital	Pair Corr
0.89	CSWC	Capital Southwest	Pair Corr
0.66	GSTX	Graphene Solar Techn	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr

Moving against John Stock

0.5	MFIC	MidCap Financial Inv	Pair Corr
0.42	NMFC	New Mountain Finance	Pair Corr
0.42	QUE	Queste Communications	Pair Corr
0.35	GSBD	Goldman Sachs BDC	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.51	GBHPF	Global Hemp Group	Pair Corr
0.32	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	JHI	PFO	BWG	TMLPX	DMO	RGIVX	RGSVX	BCV	PAI	RYDVX
JHI		0.3	0.73	0.58	-0.75	0.52	0.53	0.5	0.63	-0.63	JHI
PFO	0.3		0.6	0.58	-0.14	0.61	0.61	0.85	0.69	0.09	PFO
BWG	0.73	0.6		0.62	-0.73	0.66	0.66	0.67	0.91	-0.54	BWG
TMLPX	0.58	0.58	0.62		-0.51	0.94	0.95	0.53	0.66	-0.49	TMLPX
DMO	-0.75	-0.14	-0.73	-0.51		-0.5	-0.5	-0.24	-0.72	0.81	DMO
RGIVX	0.52	0.61	0.66	0.94	-0.5		1.0	0.51	0.72	-0.48	RGIVX
RGSVX	0.53	0.61	0.66	0.95	-0.5	1.0		0.51	0.72	-0.48	RGSVX
BCV	0.5	0.85	0.67	0.53	-0.24	0.51	0.51		0.66	0.03	BCV
PAI	0.63	0.69	0.91	0.66	-0.72	0.72	0.72	0.66		-0.47	PAI
RYDVX	-0.63	0.09	-0.54	-0.49	0.81	-0.48	-0.48	0.03	-0.47		RYDVX
	JHI	PFO	BWG	TMLPX	DMO	RGIVX	RGSVX	BCV	PAI	RYDVX

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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

RGSVX	+ 1.0	RGIVX
RGSVX	+ 0.95	TMLPX
RGIVX	+ 0.94	TMLPX
PAI	+ 0.91	BWG
BCV	+ 0.85	PFO
RYDVX	+ 0.81	DMO

High negative correlations

DMO	- 0.75	JHI
DMO	- 0.73	BWG
PAI	- 0.72	DMO
RYDVX	- 0.63	JHI
RYDVX	- 0.54	BWG
DMO	- 0.51	TMLPX

Risk-Adjusted Indicators

There is a big difference between John Stock performing well and John Hancock Company 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JHI	0.29	0.02	(0.06)	0.27	0.25	(0.39)	0.67	(0.58)	2.09
PFO	0.36	0.00	(0.03)	0.05	0.54	(0.37)	0.73	(0.97)	2.85
BWG	0.43	0.01	(0.04)	0.06	0.52	(0.49)	1.00	(0.96)	2.89
TMLPX	0.66	0.18	0.16	2.43	0.55	(0.82)	1.26	(1.18)	3.56
DMO	0.49	(0.08)	0.00	(0.34)	0.00	0.00	1.09	(1.19)	3.82
RGIVX	0.46	0.11	0.16	0.47	0.23	(0.56)	1.06	(0.69)	2.61
RGSVX	0.46	0.11	0.16	0.46	0.22	(0.56)	0.99	(0.66)	2.61
BCV	0.90	0.02	(0.01)	0.10	1.13	(0.97)	2.16	(2.11)	6.32
PAI	0.26	0.01	(0.07)	0.09	0.28	(0.29)	0.56	(0.48)	1.77
RYDVX	2.05	(0.82)	0.00	0.95	0.00	0.00	1.79	(1.26)	66.24

John Hancock Corporate Management

Jeffrey CFA	Portfolio Manager	Profile
Warren Thomson	Trustee	Profile
CFA CFA	Portfolio Manager	Profile
Gregory Russo	Independent Trustee	Profile
Frances Rathke	Independent Trustee	Profile
Christopher Sechler	Secretary and Chief Legal Officer	Profile
William Cunningham	Independent Trustee	Profile

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