John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JVLCX Fund  USD 26.09  0.02  0.08%   
The current 90-days correlation between John Hancock Disciplined and Scharf Global Opportunity is 0.85 (i.e., Very poor 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

Almost no diversification

The correlation between John Hancock Disciplined and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Disciplined 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 Disciplined. 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

  0.86FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  0.77JQLBX Multimanager LifestylePairCorr
  0.86JQLAX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.91JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.86JRGRX Regional BankPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.88JRLUX Multi Index 2045PairCorr
  0.86JRLWX Retirement Living ThroughPairCorr
  0.86JRLZX Retirement Living ThroughPairCorr
  0.92JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.9JAAFX Jhancock Multi IndexPairCorr
  0.9JAAJX Jhancock Multi IndexPairCorr
  0.7JAAIX Alternative AssetPairCorr
  0.9JAAKX Jhancock Multi IndexPairCorr
  0.68JAAPX Alternative AssetPairCorr
  0.69JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.7JRTJX Retirement Living ThroughPairCorr
  0.92JAAWX Jhancock MultimanagerPairCorr
  0.73JRTMX Multi Index 2035PairCorr
  0.84JRTTX Retirement Living ThroughPairCorr
  0.8JRTVX Multi Index 2040PairCorr
  0.86JRTYX Multi Index 2050PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WIGOX
+ 0.9
USGLX
WIGOX
+ 0.86
WRLDX
MGKAX
+ 0.81
WRLDX
USGLX
+ 0.77
WRLDX
BXFIX
+ 0.77
USGLX
BXFIX
+ 0.7
WIGOX
  
High negative correlations   
BXFIX
- 0.11
CNGLX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY