John Hancock Correlations

JHS Stock

USD 11.56 0.09 0.78%

The current 90-days correlation between John Hancock Income and MFS High Income 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

Weak diversification

The correlation between John Hancock Income and DJI is 0.3 (i.e., Weak 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.

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

0.63

Western Union

Pair Corr

Moving against John Stock

0.5	LC	LendingClub Corp	Pair Corr
0.46	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.45	DIST	Distoken Acquisition	Pair Corr
0.39	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.35	V	Visa Class A	Pair Corr
0.34	DHIL	Diamond Hill Investment	Pair Corr
0.61	VINP	Vinci Partners Inves	Pair Corr
0.48	WT	WisdomTree	Pair Corr
0.47	DUET	DUET Acquisition Corp	Pair Corr
0.34	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.32	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.51	EMCG	Embrace Change Acqui	Pair Corr
0.48	ENVA	Enova International	Pair Corr
0.46	VRTS	Virtus Investment	Pair Corr
0.4	TETEU	Technology Telecommunicatio	Pair Corr

Related Correlations Analysis

	CXE	CXH	CBH	MHD	EOT	IHTA	MHN	NXC	FMN	IHIT
CXE		0.67	-0.28	0.92	0.74	-0.25	0.91	0.87	0.87	-0.41	CXE
CXH	0.67		0.11	0.72	0.59	0.08	0.79	0.53	0.53	-0.39	CXH
CBH	-0.28	0.11		-0.33	-0.04	0.95	-0.07	-0.42	-0.62	-0.48	CBH
MHD	0.92	0.72	-0.33		0.71	-0.32	0.91	0.85	0.91	-0.31	MHD
EOT	0.74	0.59	-0.04	0.71		0.06	0.77	0.71	0.62	-0.63	EOT
IHTA	-0.25	0.08	0.95	-0.32	0.06		-0.06	-0.38	-0.61	-0.59	IHTA
MHN	0.91	0.79	-0.07	0.91	0.77	-0.06		0.82	0.78	-0.53	MHN
NXC	0.87	0.53	-0.42	0.85	0.71	-0.38	0.82		0.89	-0.35	NXC
FMN	0.87	0.53	-0.62	0.91	0.62	-0.61	0.78	0.89		-0.09	FMN
IHIT	-0.41	-0.39	-0.48	-0.31	-0.63	-0.59	-0.53	-0.35	-0.09		IHIT
	CXE	CXH	CBH	MHD	EOT	IHTA	MHN	NXC	FMN	IHIT

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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

IHTA	+ 0.95	CBH
MHD	+ 0.92	CXE
MHN	+ 0.91	CXE
MHN	+ 0.91	MHD
FMN	+ 0.91	MHD
FMN	+ 0.89	NXC

High negative correlations

IHIT	- 0.63	EOT
FMN	- 0.62	CBH
FMN	- 0.61	IHTA
IHIT	- 0.59	IHTA
IHIT	- 0.53	MHN
IHIT	- 0.48	CBH

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
CXE	0.50	(0.01)	(0.19)	(0.13)	0.58	(0.64)	1.33	(1.04)	3.34
CXH	0.33	0.03	(0.20)	(0.11)	0.42	(0.35)	0.62	(0.74)	2.10
CBH	0.13	0.04	(0.41)	(4.02)	0.00	(0.18)	0.22	(0.22)	0.78
MHD	0.47	0.00	(0.15)	(0.11)	0.72	(0.45)	0.88	(1.14)	3.11
EOT	0.35	0.00	(0.25)	0.06	0.42	(0.41)	0.75	(0.87)	2.08
IHTA	0.24	0.05	(0.13)	1.63	0.26	(0.30)	0.68	(0.28)	2.03
MHN	0.36	0.01	(0.15)	0.62	0.62	(0.33)	0.75	(1.03)	2.69
NXC	0.45	(0.03)	0.00	(1.97)	0.00	0.00	0.94	(0.94)	2.82
FMN	0.50	(0.06)	0.00	0.68	0.00	0.00	1.07	(1.49)	5.10
IHIT	0.46	(0.03)	0.00	0.46	0.00	0.00	1.07	(1.18)	2.70

John Hancock Corporate Management

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
James Oates	Independent Trustee	Profile

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