Multi Index Correlations
JRLPX Fund | USD 11.50 0.01 0.09% |
The current 90-days correlation between Multi Index 2020 and American Funds Tax Exempt is 0.09 (i.e., Significant 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 -0.17 (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.
Multi |
Moving together with Multi Mutual Fund
0.99 | JQLGX | Multimanager Lifestyle | PairCorr |
0.86 | JRGRX | Regional Bank | PairCorr |
1.0 | JRLDX | Retirement Living Through | PairCorr |
0.98 | JAAIX | Alternative Asset | PairCorr |
0.98 | JAAPX | Alternative Asset | PairCorr |
0.98 | JAARX | Alternative Asset | PairCorr |
0.98 | JAASX | Alternative Asset | PairCorr |
0.98 | JAAAX | Alternative Asset | PairCorr |
0.98 | JAACX | Alternative Asset | PairCorr |
0.99 | JSLGX | Multimanager Lifestyle | PairCorr |
0.99 | JSLAX | Multimanager Lifestyle | PairCorr |
1.0 | JBAFX | Balanced Fund Class | PairCorr |
1.0 | JCLCX | Multimanager Lifestyle | PairCorr |
0.95 | JCVIX | Classic Value | PairCorr |
0.99 | JULCX | Multimanager Lifestyle | PairCorr |
0.61 | JDJRX | Jhancock Diversified | PairCorr |
0.8 | JDJIX | Jhancock Diversified | PairCorr |
0.99 | JVIMX | J Hancock Ii | PairCorr |
0.96 | JVMAX | John Hancock Disciplined | PairCorr |
0.97 | JVMIX | John Hancock Disciplined | PairCorr |
0.99 | JVLAX | John Hancock Disciplined | PairCorr |
0.99 | JVLIX | John Hancock Disciplined | PairCorr |
0.83 | JEEDX | John Hancock Enduring | PairCorr |
0.99 | JGEFX | Global Equity | PairCorr |
0.99 | JGRSX | John Hancock Global | PairCorr |
0.98 | JYHIX | John Hancock Focused | PairCorr |
0.99 | JGSRX | John Hancock Global | PairCorr |
0.99 | JGYIX | John Hancock Global | PairCorr |
0.97 | JHJIX | John Hancock Esg | PairCorr |
0.96 | USLIX | Us Global Leaders | PairCorr |
Moving against Multi Mutual Fund
Related Correlations Analysis
0.97 | 0.93 | 0.99 | 0.99 | 0.96 | 0.9 | TEPFX | ||
0.97 | 0.95 | 0.96 | 0.96 | 0.94 | 0.88 | ASCLX | ||
0.93 | 0.95 | 0.93 | 0.93 | 0.95 | 0.94 | CRLSX | ||
0.99 | 0.96 | 0.93 | 0.98 | 0.97 | 0.88 | PRMDX | ||
0.99 | 0.96 | 0.93 | 0.98 | 0.98 | 0.9 | FSHAX | ||
0.96 | 0.94 | 0.95 | 0.97 | 0.98 | 0.93 | LCCMX | ||
0.9 | 0.88 | 0.94 | 0.88 | 0.9 | 0.93 | OHSHX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TEPFX | 0.06 | 0.02 | (1.55) | 3.42 | 0.00 | 0.11 | 0.32 | |||
ASCLX | 0.23 | 0.04 | (0.28) | 0.30 | 0.00 | 0.61 | 1.71 | |||
CRLSX | 0.54 | 0.09 | 0.02 | 0.35 | 0.10 | 1.57 | 3.99 | |||
PRMDX | 0.06 | 0.02 | 0.00 | (5.34) | 0.00 | 0.20 | 0.39 | |||
FSHAX | 0.05 | 0.02 | 0.00 | 2.48 | 0.00 | 0.10 | 0.41 | |||
LCCMX | 0.12 | 0.06 | (0.99) | 19.37 | 0.00 | 0.51 | 1.00 | |||
OHSHX | 0.12 | 0.02 | (1.12) | 0.37 | 0.00 | 0.36 | 0.98 |