Multimanager Lifestyle Correlations

Mutual Funds USA . 
Fund . Multimanager Lifestyle Moderate
JILMX Fund  USD 13.12  0.01  0.08%   
The current 90-days correlation between Multimanager Lifestyle and American Century High is -0.26 (i.e., Very good diversification). The correlation of Multimanager Lifestyle 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.

Multimanager Lifestyle Correlation With Market

Poor diversification

The correlation between Multimanager Lifestyle Moderat and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Moderat 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 Multimanager Lifestyle Moderate. 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 industry.

Moving together with Multimanager Mutual Fund

  0.9JSNIX Jhancock Short DurationPairCorr
  0.99JTMIX Multimanager LifestylePairCorr
  0.96JDVNX Jhancock DisciplinedPairCorr
  0.94JEMQX John Hancock EmergingPairCorr
  0.92JGECX Jhancock Global EquityPairCorr
  0.7JYEBX Jhancock Real EstatePairCorr
  0.87JHSHX John Hancock MunicipalPairCorr
  0.71JIREX Real Estate SecuritiesPairCorr
  0.9JLAEX Retirement Living ThroughPairCorr
  0.96TAGRX Fundamental Large CapPairCorr
  0.99JLMOX Lifestyle Ii ModeratePairCorr
  0.98VWINX Vanguard Wellesley IncomePairCorr
  0.98VWIAX Vanguard Wellesley IncomePairCorr
  0.97BKMIX Blackrock Multi AssetPairCorr
  0.96HBLTX Hartford BalancedPairCorr
  0.96HBLRX Hartford BalancedPairCorr
  0.96HBLSX Hartford BalancedPairCorr
  0.96HBLVX Hartford BalancedPairCorr
  0.96HBLYX Hartford BalancedPairCorr
  0.96HBLCX Hartford BalancedPairCorr
  0.96HBLIX Hartford BalancedPairCorr
  0.86ASG Liberty All StarPairCorr
  0.96CII Blackrock EnhancedPairCorr
  0.96ETV Eaton Vance TaxPairCorr
  0.93CLM Cornerstone StrategicPairCorr
  0.94CRF Cornerstone StrategicPairCorr
  0.94ETY Eaton Vance TaxPairCorr
  0.93NFJ Virtus Dividend InterestPairCorr
  0.88SRYRX Simt Real ReturnPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.77DFIHX Dfa One YearPairCorr
  0.87ALTEX Firsthand AlternativePairCorr
  0.98FDKVX Fidelity Freedom 2060PairCorr
  0.9IVHIX Ivy High IncomePairCorr
  0.9TGIRX Thornburg InternationalPairCorr
  0.93PDPCX Virtus AlternativesPairCorr

Moving against Multimanager Mutual Fund

  0.71IFN India ClosedPairCorr
  0.59USA Liberty All StarPairCorr
  0.58IIF Morgan Stanley IndiaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multimanager Mutual Fund performing well and Multimanager Lifestyle 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 Multimanager Lifestyle'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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