Multi Index Correlations

JRLPX Fund

USD 11.49 0.01 0.09%

The current 90-days correlation between Multi Index 2020 and Dunham Real Estate is -0.22 (i.e., Very good 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

Good diversification

The correlation between Multi Index 2020 Lifetime and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2020 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 2020 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 american community survey.

Moving together with Multi Mutual Fund

1.0	VTWNX	Vanguard Target Reti	Pair Corr
1.0	FSNOX	Fidelity Freedom 2020	Pair Corr
1.0	PARBX	Trowe Price Retirement	Pair Corr
1.0	FFFDX	Fidelity Freedom 2020	Pair Corr
1.0	FATKX	Fidelity Freedom 2020	Pair Corr
0.89	AACTX	American Funds 2020	Pair Corr
1.0	CCCTX	American Funds 2020	Pair Corr
1.0	FAOTX	American Funds 2020	Pair Corr
0.96	PFN	Pimco Income Strategy	Pair Corr
0.95	CIF	Mfs Intermediate High	Pair Corr
0.94	PCF	Putnam High Income	Pair Corr
0.78	HHMIX	The Hartford Municipal	Pair Corr
0.86	MAUKX	Pioneer Multi Asset	Pair Corr
0.74	WATPX	Western Asset Inflation	Pair Corr
0.96	UIVMX	Mfs Intrinsic Value	Pair Corr
0.89	PWRIX	Power Income	Pair Corr
0.97	PLCGX	Largecap Growth	Pair Corr
0.81	ARSVX	Amg River Road	Pair Corr
0.99	MMIZX	Mm Sp 500	Pair Corr
0.98	JNRFX	Janus Research	Pair Corr
0.94	PHK	Pimco High Income	Pair Corr

Moving against Multi Mutual Fund

0.78	XNBHX	Neuberger Berman Int	Pair Corr
0.67	XDSMX	Dreyfus Strategic	Pair Corr
0.52	XNXJX	Nuveen New Jersey	Pair Corr
0.49	XPPRX	Voya Prime Rate	Pair Corr

Related Correlations Analysis

	DNREX	CNREX	TIREX	PNDIX	MRESX	FIKMX	RRSCX
DNREX		0.53	0.56	0.81	0.77	0.91	0.22	DNREX
CNREX	0.53		0.67	0.62	0.35	0.47	0.15	CNREX
TIREX	0.56	0.67		0.58	0.59	0.52	0.07	TIREX
PNDIX	0.81	0.62	0.58		0.44	0.85	0.32	PNDIX
MRESX	0.77	0.35	0.59	0.44		0.71	0.04	MRESX
FIKMX	0.91	0.47	0.52	0.85	0.71		0.19	FIKMX
RRSCX	0.22	0.15	0.07	0.32	0.04	0.19		RRSCX
	DNREX	CNREX	TIREX	PNDIX	MRESX	FIKMX	RRSCX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DNREX	0.64	(0.01)	(0.06)	0.22	0.89	(0.67)	1.31	(1.31)	5.57
CNREX	0.67	0.15	(0.12)	(0.99)	0.74	(0.70)	1.61	(1.30)	3.89
TIREX	0.56	0.11	(0.17)	(0.34)	0.78	(0.59)	1.31	(1.22)	4.35
PNDIX	0.04	0.02	0.00	(6.45)	0.00	0.00	0.10	0.00	0.10
MRESX	0.56	(0.07)	(0.16)	0.12	0.80	(0.62)	1.31	(1.22)	4.38
FIKMX	0.18	0.00	(0.63)	0.22	0.07	(0.22)	0.34	(0.33)	1.35
RRSCX	0.52	0.09	(0.16)	3.55	0.63	(0.51)	1.36	(1.14)	3.70

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