Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Servative
JQLCX Fund  USD 12.01  0.01  0.08%   
The current 90-days correlation between Multimanager Lifestyle and Fmi Global Institutional is 0.38 (i.e., Weak 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

Very poor diversification

The correlation between Multimanager Lifestyle Servati and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Servati 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 Servative. 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 main economic indicators.

Moving together with Multimanager Mutual Fund

  0.86FRBAX Regional BankPairCorr
  0.85FRBCX Regional BankPairCorr
  0.96JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.86JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.86JRGRX Regional BankPairCorr
  0.94JRLDX Retirement Living ThroughPairCorr
  0.94JRLFX Multi Index 2010PairCorr
  0.93JRLIX Retirement Living ThroughPairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.94JRLLX Retirement Living ThroughPairCorr
  0.91JRLOX Retirement Living ThroughPairCorr
  0.91JRLQX Retirement Living ThroughPairCorr
  0.93JRLPX Multi Index 2020PairCorr
  0.89JRLUX Multi Index 2045PairCorr
  0.97JRLWX Retirement Living ThroughPairCorr
  0.91JRLVX Retirement Living ThroughPairCorr
  0.9JRLZX Retirement Living ThroughPairCorr
  0.9JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.9JAAFX Jhancock Multi IndexPairCorr
  0.9JAAJX Jhancock Multi IndexPairCorr
  0.93JAAIX Alternative AssetPairCorr
  0.9JAAKX Jhancock Multi IndexPairCorr
  0.96JAAPX Alternative AssetPairCorr
  0.93JRTBX Retirement Living ThroughPairCorr
  0.95JRTAX Retirement Living ThroughPairCorr
  0.97JAARX Alternative AssetPairCorr
  0.94JRTDX Multi Index 2025PairCorr
  0.92JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.9JAAVX Jhancock MultimanagerPairCorr
  0.91JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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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