John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Focused
JHYCX Fund  USD 3.07  0.01  0.32%   
The current 90-days correlation between John Hancock Focused and Regional Bank Fund is 0.28 (i.e., Modest 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

Average diversification

The correlation between John Hancock Focused and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Focused 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 Focused. 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 main economic indicators.

Moving together with John Mutual Fund

  0.76JQLMX Multimanager LifestylePairCorr
  0.67JQLBX Multimanager LifestylePairCorr
  0.73JQLCX Multimanager LifestylePairCorr
  0.75JRLDX Retirement Living ThroughPairCorr
  0.75JRLFX Multi Index 2010PairCorr
  0.77JRLIX Retirement Living ThroughPairCorr
  0.75JRLHX Retirement Living ThroughPairCorr
  0.77JRLKX Multi Index 2015PairCorr
  0.77JRLLX Retirement Living ThroughPairCorr
  0.77JRLOX Retirement Living ThroughPairCorr
  0.77JRLPX Multi Index 2020PairCorr
  0.76JRTBX Retirement Living ThroughPairCorr
  0.77JRTAX Retirement Living ThroughPairCorr
  0.77JRTDX Multi Index 2025PairCorr
  0.73JRTGX Retirement Living ThroughPairCorr
  0.8JRTFX Retirement Living ThroughPairCorr
  0.73JRTIX Multi Index 2030PairCorr
  0.68JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.20  0.28  0.15  12.70  1.00 
(1.50)
 2.76 
(1.66)
 15.75 
FRBCX  1.21  0.07  0.14  0.12  0.99 
(1.54)
 2.74 
(1.65)
 15.70 
JQLMX  0.24 (0.02)(0.26) 0.03  0.25 
(0.26)
 0.56 
(0.48)
 1.43 
JQLBX  0.32 (0.01)(0.14) 0.07  0.30 
(0.38)
 0.66 
(0.58)
 2.06 
JQLAX  0.48  0.08 (0.01) 1.11  0.40 
(0.53)
 1.07 
(0.91)
 3.11 
JQLCX  0.16 (0.02)(0.38)(0.02) 0.17 
(0.21)
 0.34 
(0.33)
 1.00 
JQLGX  0.41  0.00 (0.08) 0.09  0.39 
(0.45)
 0.90 
(0.69)
 2.65 
JRBFX  1.21  0.07  0.15  0.12  0.99 
(1.54)
 2.73 
(1.66)
 15.74 
JRETX  0.47  0.02 (0.02) 0.12  0.40 
(0.57)
 1.07 
(0.83)
 3.08 
JRGRX  1.20  0.28  0.16  11.60  0.99 
(1.50)
 2.76 
(1.65)
 15.70 

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