Jhancock Global Correlations

Mutual Funds . USA . 
Fund . Jhancock Global Thematic
JTKIX Fund  USD 11.25  0.00  0.00%   
The current 90-days correlation between Jhancock Global Thematic and Regional Bank Fund is 0.04 (i.e., Significant 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

Good diversification

The correlation between Jhancock Global Thematic and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jhancock Global Thematic 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 Jhancock Global Thematic. 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 gross domestic product.

Moving together with Jhancock Mutual Fund

  0.79FRBAX Regional BankPairCorr
  0.82FRBCX Regional BankPairCorr
  0.67JQLAX Multimanager LifestylePairCorr
  0.79JRBFX Regional BankPairCorr
  0.67JRETX J Hancock IiPairCorr
  0.81JRGRX Regional BankPairCorr
  0.64JRLPX Multi Index 2020PairCorr
  0.7JROUX J Hancock IiPairCorr
  0.66JAAFX Jhancock Multi IndexPairCorr
  0.71JAAJX Jhancock Multi IndexPairCorr
  0.74JAAKX Jhancock Multi IndexPairCorr
  0.73JAAVX Jhancock MultimanagerPairCorr
  0.61JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  0.99 (0.14) 0.00 (0.65) 0.00 
 0.00 
 2.35 
(2.91)
 8.60 
FRBCX  1.22  0.01 (0.01) 0.10  1.63 
(1.54)
 2.75 
(2.92)
 18.58 
JQLMX  0.26 (0.01)(0.17)(0.09) 0.38 
(0.27)
 0.57 
(0.64)
 1.94 
JQLBX  0.35 (0.01)(0.12)(0.10) 0.52 
(0.36)
 0.60 
(0.73)
 2.43 
JQLAX  0.54 (0.02) 0.00 (0.39) 0.00 
 0.00 
 1.16 
(1.45)
 3.48 
JQLCX  0.16 (0.01)(0.20)(0.02) 0.23 
(0.20)
 0.42 
(0.51)
 1.35 
JQLGX  0.45 (0.02) 0.00 (0.24) 0.00 
 0.00 
 0.79 
(1.20)
 3.07 
JRBFX  0.98 (0.14) 0.00 (0.65) 0.00 
 0.00 
 2.31 
(2.88)
 8.58 
JRETX  0.52 (0.05) 0.00 (0.03) 0.00 
 0.00 
 1.03 
(1.46)
 3.37 
JRGRX  1.21  0.03 (0.01) 0.12  1.55 
(1.54)
 2.75 
(2.88)
 18.14 

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