John Hancock Correlations

TAUSX Fund  USD 8.96  0.01  0.11%   
The current 90-days correlation between John Hancock Investment and Vanguard Money Market 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

Significant diversification

The correlation between John Hancock Investment and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding John Hancock Investment and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in John Hancock Investment. 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 state.

Moving together with JOHN Mutual Fund

  0.68FRBAX Regional BankPairCorr
  0.69FRBCX Regional BankPairCorr
  0.76JQLMX Multimanager LifestylePairCorr
  0.72JQLBX Multimanager LifestylePairCorr
  0.76JQLAX Multimanager LifestylePairCorr
  0.77JQLCX Multimanager LifestylePairCorr
  0.74JQLGX Multimanager LifestylePairCorr
  0.68JRBFX Regional BankPairCorr
  0.74JRETX J Hancock IiPairCorr
  0.68JRGRX Regional BankPairCorr
  0.87JRLDX Retirement Living ThroughPairCorr
  0.77JRLFX Multi Index 2010PairCorr
  0.77JRLIX Retirement Living ThroughPairCorr
  0.76JRLHX Retirement Living ThroughPairCorr
  0.77JRLKX Multi Index 2015PairCorr
  0.78JRLLX Retirement Living ThroughPairCorr
  0.77JRLOX Retirement Living ThroughPairCorr
  0.66JRLQX Retirement Living ThroughPairCorr
  0.78JRLPX Multi Index 2020PairCorr
  0.66JRLUX Multi Index 2045PairCorr
  0.64JRLWX Retirement Living ThroughPairCorr
  0.65JRLVX Retirement Living ThroughPairCorr
  0.63JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.63JRODX J Hancock IiPairCorr
  0.76JAAFX Jhancock Multi IndexPairCorr
  0.77JAAJX Jhancock Multi IndexPairCorr
  0.77JAAKX Jhancock Multi IndexPairCorr
  0.77JRTBX Retirement Living ThroughPairCorr
  0.77JRTAX Retirement Living ThroughPairCorr
  0.77JRTDX Multi Index 2025PairCorr
  0.74JRTGX Retirement Living ThroughPairCorr
  0.76JRTFX Retirement Living ThroughPairCorr
  0.75JRTIX Multi Index 2030PairCorr
  0.75JAAVX Jhancock MultimanagerPairCorr
  0.73JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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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.