John Hancock Related Correlations
JHEM Etf | USD 25.82 0.04 0.16% |
The market value of John Hancock Multifactor is measured differently than its book value, which is the value of John that is recorded on the company's balance sheet. Investors also form their own opinion of John Hancock's value that differs from its market value or its book value, called intrinsic value, which is John Hancock's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because John Hancock's market value can be influenced by many factors that don't directly affect John Hancock's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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
HD | BRRAY | MSTSX | ABHYX | VIASP | XTWO | OGEAX | OREAF | ||
HD | -0.77 | 0.88 | 0.82 | 0.53 | 0.33 | 0.92 | 0.0 | HD | |
BRRAY | -0.77 | -0.87 | -0.8 | -0.61 | -0.23 | -0.79 | 0.0 | BRRAY | |
MSTSX | 0.88 | -0.87 | 0.88 | 0.63 | 0.25 | 0.9 | 0.0 | MSTSX | |
ABHYX | 0.82 | -0.8 | 0.88 | 0.53 | 0.29 | 0.83 | 0.0 | ABHYX | |
VIASP | 0.53 | -0.61 | 0.63 | 0.53 | 0.26 | 0.52 | 0.0 | VIASP | |
XTWO | 0.33 | -0.23 | 0.25 | 0.29 | 0.26 | 0.23 | 0.0 | XTWO | |
OGEAX | 0.92 | -0.79 | 0.9 | 0.83 | 0.52 | 0.23 | 0.0 | OGEAX | |
OREAF | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | OREAF | |
HD | BRRAY | MSTSX | ABHYX | VIASP | XTWO | OGEAX | OREAF |
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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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John Hancock Constituents Risk-Adjusted Indicators
There is a big difference between John Etf performing well and John Hancock ETF 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HD | 0.86 | 0.00 | 0.03 | 0.12 | 0.82 | 2.02 | 5.22 | |||
BRRAY | 0.90 | (0.11) | 0.00 | 0.34 | 0.00 | 1.41 | 18.45 | |||
MSTSX | 0.43 | (0.04) | (0.08) | 0.08 | 0.44 | 0.98 | 2.60 | |||
ABHYX | 0.15 | 0.01 | (0.32) | 0.25 | 0.07 | 0.46 | 1.60 | |||
VIASP | 1.58 | 0.05 | 0.01 | 0.20 | 4.01 | 3.19 | 14.99 | |||
XTWO | 0.11 | (0.02) | (0.76) | (0.03) | 0.13 | 0.20 | 1.30 | |||
OGEAX | 0.52 | 0.16 | 0.05 | (2.60) | 0.30 | 1.22 | 3.12 | |||
OREAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |