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.
  
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

  0.99JQLGX Multimanager LifestylePairCorr
  0.86JRGRX Regional BankPairCorr
  1.0JRLDX Retirement Living ThroughPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.98JAAAX Alternative AssetPairCorr
  0.98JAACX Alternative AssetPairCorr
  0.99JSLGX Multimanager LifestylePairCorr
  0.99JSLAX Multimanager LifestylePairCorr
  1.0JBAFX Balanced Fund ClassPairCorr
  1.0JCLCX Multimanager LifestylePairCorr
  0.95JCVIX Classic ValuePairCorr
  0.99JULCX Multimanager LifestylePairCorr
  0.61JDJRX Jhancock DiversifiedPairCorr
  0.8JDJIX Jhancock DiversifiedPairCorr
  0.99JVIMX J Hancock IiPairCorr
  0.96JVMAX John Hancock DisciplinedPairCorr
  0.97JVMIX John Hancock DisciplinedPairCorr
  0.99JVLAX John Hancock DisciplinedPairCorr
  0.99JVLIX John Hancock DisciplinedPairCorr
  0.83JEEDX John Hancock EnduringPairCorr
  0.99JGEFX Global EquityPairCorr
  0.99JGRSX John Hancock GlobalPairCorr
  0.98JYHIX John Hancock FocusedPairCorr
  0.99JGSRX John Hancock GlobalPairCorr
  0.99JGYIX John Hancock GlobalPairCorr
  0.97JHJIX John Hancock EsgPairCorr
  0.96USLIX Us Global LeadersPairCorr

Moving against Multi Mutual Fund

  0.65JCTFX John Hancock HighPairCorr
  0.61JHTFX John Hancock HighPairCorr

Related Correlations Analysis

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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.