John Hancock Related Correlations

JVMIX Fund  USD 29.86  0.15  0.50%   
Generate correlation matrix for John Hancock and other related equities to check the degree to which John Hancock Disciplined price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for John Hancock Disciplined. To filter out specific equities, please toggle its corresponding legend item. 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 tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
Specify up to 10 symbols:
Please note, there is a significant difference between John Hancock's value and its price as these two are different measures arrived at by different means. Investors typically determine if John Hancock is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, John Hancock's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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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   
JHIKXJGECX
JHBLXJGECX
FIDCXJGYCX
JHIKXJHBLX
FIDCXJGECX
FIDCXJHBLX
  
High negative correlations   
JHBLXJGIFX
JGIFXJGECX
JHIKXJGIFX
FIDCXJGIFX
JGYCXJGIFX
JHAUXJGIFX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
USG  0.41  0.08 (0.11)(0.52) 0.46 
 0.86 
 2.38 
JGECX  0.37  0.05  0.03  0.19  0.14 
 0.85 
 2.07 
JGIFX  0.27 (0.05) 0.00 (0.10) 0.00 
 0.51 
 1.90 
JYEBX  0.80 (0.16)(0.10) 0.01  1.00 
 1.64 
 4.12 
JYHIX  0.16  0.01 (0.26) 0.43  0.13 
 0.34 
 1.33 
JGYCX  0.40  0.10 (0.06)(1.02) 0.37 
 1.02 
 2.51 
JHAUX  0.33  0.08 (0.19)(0.13) 0.32 
 0.74 
 2.13 
JHBLX  0.49  0.00 (0.02) 0.00  0.41 
 1.11 
 2.83 
JHIKX  0.53 (0.02)(0.02) 0.11  0.48 
 1.14 
 3.68 
FIDCX  0.53  0.15  0.02 (1.67) 0.60 
 1.20 
 3.28