John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Income
JSTCX Fund  USD 5.83  0.01  0.17%   
The current 90-days correlation between John Hancock Income and Regional Bank Fund is 0.16 (i.e., Average 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 Income and DJI is 0.18 (i.e., Average 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 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

  0.8JQLMX Multimanager LifestylePairCorr
  0.75JQLBX Multimanager LifestylePairCorr
  0.7JQLAX Multimanager LifestylePairCorr
  0.83JQLCX Multimanager LifestylePairCorr
  0.72JQLGX Multimanager LifestylePairCorr
  0.67JRETX J Hancock IiPairCorr
  0.82JRLDX Retirement Living ThroughPairCorr
  0.81JRLFX Multi Index 2010PairCorr
  0.8JRLIX Retirement Living ThroughPairCorr
  0.81JRLHX Retirement Living ThroughPairCorr
  0.8JRLKX Multi Index 2015PairCorr
  0.81JRLLX Retirement Living ThroughPairCorr
  0.8JRLOX Retirement Living ThroughPairCorr
  0.7JRLQX Retirement Living ThroughPairCorr
  0.8JRLPX Multi Index 2020PairCorr
  0.7JRLUX Multi Index 2045PairCorr
  0.67JRLWX Retirement Living ThroughPairCorr
  0.69JRLVX Retirement Living ThroughPairCorr
  0.67JRLZX Retirement Living ThroughPairCorr
  0.67JROUX J Hancock IiPairCorr
  0.67JRODX J Hancock IiPairCorr
  0.68JAAFX Jhancock Multi IndexPairCorr
  0.68JAAJX Jhancock Multi IndexPairCorr
  0.68JAAKX Jhancock Multi IndexPairCorr
  0.79JRTBX Retirement Living ThroughPairCorr
  0.79JRTAX Retirement Living ThroughPairCorr
  0.79JRTDX Multi Index 2025PairCorr
  0.77JRTGX Retirement Living ThroughPairCorr
  0.79JRTFX Retirement Living ThroughPairCorr
  0.77JRTIX Multi Index 2030PairCorr
  0.67JAAVX Jhancock MultimanagerPairCorr
  0.75JRTKX 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  1.28  0.00  0.00  0.03  1.72 
(1.53)
 2.74 
(2.91)
 18.11 
FRBCX  1.28 (0.01)(0.01) 0.01  1.77 
(1.53)
 2.75 
(2.94)
 18.58 
JQLMX  0.27 (0.02) 0.00 (0.13) 0.00 
 0.00 
 0.57 
(0.57)
 2.02 
JQLBX  0.35 (0.02) 0.00 (0.08) 0.00 
 0.00 
 0.66 
(0.73)
 2.73 
JQLAX  0.53 (0.04) 0.00 (0.09) 0.00 
 0.00 
 0.90 
(1.29)
 4.36 
JQLCX  0.18 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.34 
(0.51)
 1.44 
JQLGX  0.46 (0.03) 0.00 (0.09) 0.00 
 0.00 
 0.79 
(1.20)
 3.71 
JRBFX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.72 
(2.91)
 18.14 
JRETX  0.54 (0.03) 0.00 (0.08) 0.00 
 0.00 
 1.03 
(1.37)
 4.32 
JRGRX  1.27  0.01  0.00  0.03  1.72 
(1.53)
 2.75 
(2.88)
 18.14 

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