Jhancock Global Correlations

JLFSX Fund   11.62  0.18  1.57%   
The current 90-days correlation between Jhancock Global Climate and Qs Defensive Growth is 0.34 (i.e., Weak diversification). The correlation of Jhancock Global 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.

Jhancock Global Correlation With Market

Significant diversification

The correlation between Jhancock Global Climate and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Global Climate 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. 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 state.

Moving together with Jhancock Mutual Fund

  0.76VGTSX Vanguard Total InterPairCorr
  0.76VTIAX Vanguard Total InterPairCorr
  0.84JRLKX Multi Index 2015PairCorr
  0.69FLRDX Franklin LifesmartPairCorr
  0.79AAAJX American Century OnePairCorr
  0.81OBSOX Oberweis Small CapPairCorr
  0.79NCLEX Nicholas EditionPairCorr
  0.63WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.76MLMSX Global E PortfolioPairCorr
  0.68GMWAX Gmo Global AssetPairCorr
  0.74WISEX Azzad Wise CapitalPairCorr
  0.66WABIX Wells Fargo AdvantagePairCorr
  0.84RBENX American Funds 2060PairCorr

Moving against Jhancock Mutual Fund

  0.47GGNPX Goldman Sachs HighPairCorr
  0.39FMUSX Federated MunicipalPairCorr
  0.38DFCMX Dfa Calfrna ShrtPairCorr
  0.36LLDYX Lord Abbett ShortPairCorr
  0.31MCSAX Mfs Modity StrategyPairCorr

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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TFAGXLMLRX
TEGAXPIGDX
PIGDXLMLRX
MSEQXTFAGX
  
High negative correlations   
MSEQXGGRYX
MSEQXSLWGX
MSEQXTEGAX

Risk-Adjusted Indicators

There is a big difference between Jhancock Mutual Fund performing well and Jhancock Global 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 Jhancock Global'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.

Jhancock Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jhancock Global mutual fund to make a market-neutral strategy. Peer analysis of Jhancock Global could also be used in its relative valuation, which is a method of valuing Jhancock Global by comparing valuation metrics with similar companies.
 Risk & Return  Correlation