Multi-index 2010 Correlations

Mutual Funds . USA . 
Fund . Multi Index 2010 Lifetime
JRLFX Fund  USD 10.76  0.04  0.37%   
The current 90-days correlation between Multi Index 2010 and Regional Bank Fund is 0.48 (i.e., Very weak diversification). The correlation of Multi-index 2010 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.

Multi-index 2010 Correlation With Market

Good diversification

The correlation between Multi Index 2010 Lifetime and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2010 Lifetime 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 Multi Index 2010 Lifetime. 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 price.

Moving together with Multi-index Mutual Fund

  0.86JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.83JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.92JQLGX Multimanager LifestylePairCorr
  0.92JRETX J Hancock IiPairCorr
  1.0JRLDX Retirement Living ThroughPairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  1.0JRLKX Multi Index 2015PairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.94JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.94JRLUX Multi Index 2045PairCorr
  0.93JRLWX Retirement Living ThroughPairCorr
  0.97JRLVX Retirement Living ThroughPairCorr
  0.93JRLZX Retirement Living ThroughPairCorr
  0.92JROUX J Hancock IiPairCorr
  0.93JRODX J Hancock IiPairCorr
  0.93JAAFX Jhancock Multi IndexPairCorr
  0.93JAAJX Jhancock Multi IndexPairCorr
  0.94JAAIX Alternative AssetPairCorr
  0.93JAAKX Jhancock Multi IndexPairCorr
  0.94JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.94JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.96JRTFX Retirement Living ThroughPairCorr
  0.94JAASX Alternative AssetPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.92JAAVX Jhancock MultimanagerPairCorr
  0.98JRTKX Retirement Living ThroughPairCorr

Moving against Multi-index Mutual Fund

  0.58JRBFX Regional BankPairCorr
  0.58JRGRX Regional BankPairCorr
  0.5FRBCX Regional BankPairCorr
  0.46FRBAX Regional BankPairCorr

Related Correlations Analysis


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

JRETX
+ 1.0
JQLGX
JRGRX
+ 1.0
JRBFX
JQLAX
+ 0.98
JQLMX
JQLCX
+ 0.98
JQLBX
JRETX
+ 0.93
JQLBX
JQLGX
+ 0.92
JQLBX
  

High negative correlations

JRGRX
- 0.59
JQLBX
JRBFX
- 0.59
JQLBX
JRGRX
- 0.58
JQLMX
JRBFX
- 0.58
JQLMX
JRGRX
- 0.55
JQLCX
JRBFX
- 0.55
JQLCX

Risk-Adjusted Indicators

There is a big difference between Multi-index Mutual Fund performing well and Multi-index 2010 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 Multi-index 2010'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
FRBAX  0.94 (0.02) 0.00  0.11  0.00 
 0.00 
 2.36 
(1.56)
 9.95 
FRBCX  0.92 (0.10) 0.00 (0.94) 0.00 
 0.00 
 1.86 
(1.56)
 8.22 
JQLMX  0.24 (0.01)(0.05) 0.00  0.34 
(0.24)
 0.53 
(0.53)
 1.53 
JQLBX  0.33  0.02  0.00 (2.79) 0.45 
(0.34)
 0.75 
(0.68)
 2.76 
JQLAX  0.52 (0.03) 0.00 (0.02) 0.00 
 0.00 
 0.99 
(1.32)
 3.65 
JQLCX  0.16  0.01 (0.02)(1.37) 0.07 
(0.21)
 0.33 
(0.25)
 1.14 
JQLGX  0.44  0.02  0.01  2.61  0.64 
(0.42)
 0.95 
(0.95)
 3.73 
JRBFX  0.90 (0.11) 0.00 (0.09) 0.00 
 0.00 
 1.88 
(1.56)
 8.22 
JRETX  0.50  0.03  0.01  9.65  0.73 
(0.50)
 1.08 
(1.07)
 4.24 
JRGRX  0.90 (0.11) 0.00 (0.09) 0.00 
 0.00 
 1.88 
(1.56)
 8.22 

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