John Hancock Correlations

Mutual Funds . USA . 
Fund . John Hancock Disciplined
JVMCX Fund  USD 26.23  0.22  0.83%   
The current 90-days correlation between John Hancock Disciplined and Needham Aggressive Growth is 0.41 (i.e., Very weak 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

Modest diversification

The correlation between John Hancock Disciplined and DJI is 0.25 (i.e., Modest 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

  0.92FRBAX Regional BankPairCorr
  0.93FRBCX Regional BankPairCorr
  0.61JQLMX Multimanager LifestylePairCorr
  0.74JQLAX Multimanager LifestylePairCorr
  0.68JQLGX Multimanager LifestylePairCorr
  0.92JRBFX Regional BankPairCorr
  0.92JRGRX Regional BankPairCorr
  0.65JRLFX Multi Index 2010PairCorr
  0.66JRLIX Retirement Living ThroughPairCorr
  0.65JRLHX Retirement Living ThroughPairCorr
  0.67JRLKX Multi Index 2015PairCorr
  0.65JRLLX Retirement Living ThroughPairCorr
  0.67JRLOX Retirement Living ThroughPairCorr
  0.74JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.74JAAKX Jhancock Multi IndexPairCorr
  0.68JRTDX Multi Index 2025PairCorr
  0.72JAAVX Jhancock MultimanagerPairCorr
  0.63JRTJX Retirement Living ThroughPairCorr
  0.72JABBX Jhancock MultimanagerPairCorr
  0.72JABEX Jhancock MultimanagerPairCorr
  0.98PZFVX Classic ValuePairCorr

Related Correlations Analysis

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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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