Multi Index Correlations

Mutual Funds . USA . 
Fund . Multi Index 2045 Lifetime
JRLUX Fund  USD 15.71  0.05  0.32%   
The current 90-days correlation between Multi Index 2045 and Upright Growth Income is 0.85 (i.e., Very poor 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

Almost no diversification

The correlation between Multi Index 2045 Lifetime and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2045 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 2045 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 main economic indicators.

Moving together with Multi Mutual Fund

  0.78FRBAX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.78JRGRX Regional BankPairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  1.0JRODX J Hancock IiPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.97JABJX John Hancock FundsPairCorr
  1.0JSLGX Multimanager LifestylePairCorr
  1.0JSLBX Multimanager LifestylePairCorr
  1.0JSLAX Multimanager LifestylePairCorr
  0.92JSNIX Jhancock Short DurationPairCorr
  0.99SVBCX Balanced Fund ClassPairCorr
  0.99JBAFX Balanced Fund ClassPairCorr
  0.98JTOIX Multimanager LifestylePairCorr
  0.75JCCAX John Hancock SmallPairCorr
  0.79JDJRX Jhancock DiversifiedPairCorr
  0.99JDVNX Jhancock DisciplinedPairCorr
  0.99JDVWX John Hancock DisciplinedPairCorr
  0.98JVMTX John Hancock DisciplinedPairCorr
  0.99JVLCX John Hancock DisciplinedPairCorr
  0.99JGECX Jhancock Global EquityPairCorr
  0.98JGYIX John Hancock GlobalPairCorr
  1.0JHBEX John Hancock FundsPairCorr
  0.99JHAOX John Hancock FundsPairCorr
  0.92USGLX Us Global LeadersPairCorr
  0.79FIDAX Financial IndustriesPairCorr
  1.0JHLGX Multimanager LifestylePairCorr
  0.99JHLMX Multimanager LifestylePairCorr
  1.0JHLAX Multimanager LifestylePairCorr
  0.85JHNBX John Hancock BondPairCorr
  0.9JHSFX John Hancock MunicipalPairCorr
  0.84JHRBX John Hancock BondPairCorr
  0.87JIGDX Global Bond FundPairCorr

Moving against Multi Mutual Fund

  0.72JCTFX John Hancock HighPairCorr
  0.68JHYMX John Hancock HighPairCorr

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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