John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Strategic
JSGCX Fund  USD 26.03  0.28  1.06%   
The current 90-days correlation between John Hancock Strategic and Lord Abbett Small is 0.24 (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

Very poor diversification

The correlation between John Hancock Strategic and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Strategic 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 Strategic. 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 private.

Moving together with John Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.86JQLMX Multimanager LifestylePairCorr
  0.85JQLBX Multimanager LifestylePairCorr
  0.86JQLCX Multimanager LifestylePairCorr
  0.85JQLGX Multimanager LifestylePairCorr
  0.85JRBFX Regional Bank Steady GrowthPairCorr
  0.87JRETX J Hancock IiPairCorr
  0.85JRGRX Regional Bank Steady GrowthPairCorr
  0.85JRLDX Retirement Living ThroughPairCorr
  0.85JRLFX Multi Index 2010PairCorr
  0.86JRLIX Retirement Living ThroughPairCorr
  0.85JRLHX Retirement Living ThroughPairCorr
  0.85JRLKX Multi Index 2015PairCorr
  0.86JRLLX Retirement Living ThroughPairCorr
  0.86JRLOX Retirement Living ThroughPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.85JRLPX Multi Index 2020PairCorr
  0.87JRLUX Multi Index 2045PairCorr
  0.88JRLWX Retirement Living ThroughPairCorr
  0.88JRLVX Retirement Living ThroughPairCorr
  0.88JRLZX Retirement Living ThroughPairCorr
  0.87JROUX J Hancock IiPairCorr
  0.88JRODX J Hancock IiPairCorr
  0.88JAAFX Jhancock Multi IndexPairCorr
  0.82JAAIX Alternative AssetPairCorr
  0.88JAAKX Jhancock Multi IndexPairCorr
  0.82JAAPX Alternative AssetPairCorr
  0.86JRTBX Retirement Living ThroughPairCorr
  0.85JRTAX Retirement Living ThroughPairCorr
  0.85JRTDX Multi Index 2025PairCorr
  0.85JRTGX Retirement Living ThroughPairCorr
  0.82JAASX Alternative AssetPairCorr
  0.86JRTIX Multi Index 2030PairCorr
  0.87JAAVX Jhancock MultimanagerPairCorr
  0.86JRTKX Retirement Living ThroughPairCorr
  0.86JRTJX Retirement Living ThroughPairCorr
  0.86JAAWX Jhancock MultimanagerPairCorr
  0.86JRTMX Multi Index 2035PairCorr

Related Correlations Analysis


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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