John Hancock Correlations
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as John Hancock moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if John Hancock International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. John |
The ability to find closely correlated positions to John Hancock could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace John Hancock when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back John Hancock - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling John Hancock International to buy it.
Related Correlations Analysis
| 0.9 | 0.91 | 0.86 | 0.88 | 0.88 | OIDAX | ||
| 0.9 | 0.94 | 0.93 | 0.9 | 0.82 | LIGFX | ||
| 0.91 | 0.94 | 0.88 | 0.96 | 0.8 | ADX | ||
| 0.86 | 0.93 | 0.88 | 0.84 | 0.77 | MSCGX | ||
| 0.88 | 0.9 | 0.96 | 0.84 | 0.8 | TBDQX | ||
| 0.88 | 0.82 | 0.8 | 0.77 | 0.8 | SIGWX | ||
| 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OIDAX | 0.59 | (0.05) | (0.06) | 0.00 | 0.72 | 1.28 | 3.60 | |||
| LIGFX | 0.30 | (0.02) | (0.09) | 0.02 | 0.34 | 0.66 | 1.69 | |||
| ADX | 0.64 | 0.00 | 0.00 | 0.05 | 0.82 | 1.18 | 3.57 | |||
| MSCGX | 0.70 | 0.02 | (0.02) | 0.31 | 0.98 | 1.43 | 3.82 | |||
| TBDQX | 0.95 | (0.01) | 0.00 | 0.04 | 1.08 | 1.84 | 7.36 | |||
| SIGWX | 0.80 | (0.08) | 0.00 | (0.01) | 0.00 | 1.42 | 4.60 |
John Hancock Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with John Hancock mutual fund to make a market-neutral strategy. Peer analysis of John Hancock could also be used in its relative valuation, which is a method of valuing John Hancock by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in John Hancock International?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the John Hancock Interna information on this page should be used as a complementary analysis to other John Hancock's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in John Mutual Fund
If you are still planning to invest in John Hancock Interna check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the John Hancock's history and understand the potential risks before investing.
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