Multi Index Correlations

Mutual Funds . USA . 
Fund . Multi Index 2015 Lifetime
JRLKX Fund  USD 10.95  0.01  0.09%   
The current 90-days correlation between Multi Index 2015 and Ambrus Core Bond is 0.55 (i.e., Very weak diversification). The correlation of Multi Index 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 Correlation With Market

Very poor diversification

The correlation between Multi Index 2015 Lifetime and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2015 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 2015 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 board of governors.

Moving together with Multi Mutual Fund

  0.73FRBAX Regional BankPairCorr
  0.73FRBCX Regional BankPairCorr
  1.0JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  1.0JQLCX Multimanager LifestylePairCorr
  0.98JQLGX Multimanager LifestylePairCorr
  0.74JRBFX Regional BankPairCorr
  0.67JRETX J Hancock IiPairCorr
  0.74JRGRX Regional BankPairCorr
  1.0JRLDX Retirement Living ThroughPairCorr
  1.0JRLFX Multi Index 2010PairCorr
  1.0JRLIX Retirement Living ThroughPairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.65JRLWX Retirement Living ThroughPairCorr
  0.66JRLVX Retirement Living ThroughPairCorr
  0.66JRLZX Retirement Living ThroughPairCorr
  0.67JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.97JAAIX Alternative AssetPairCorr
  0.65JAAKX Jhancock Multi IndexPairCorr
  0.97JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.69JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  1.0JRTFX Retirement Living ThroughPairCorr
  0.97JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Multi Mutual Fund performing well and Multi Index 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'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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