Multi-index 2030 Correlations

JRTIX Fund  USD 13.04  0.05  0.38%   
The current 90-days correlation between Multi Index 2030 and Allianzgi Convertible Income is 0.82 (i.e., Very poor diversification). The correlation of Multi-index 2030 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 2030 Correlation With Market

Very poor diversification

The correlation between Multi Index 2030 Lifetime and DJI is 0.89 (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 2030 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 2030 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 gross domestic product.

Moving together with Multi Mutual Fund

  0.91FRBAX Regional BankPairCorr
  0.91FRBCX Regional BankPairCorr
  1.0JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.92JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.91JRGRX Regional BankPairCorr
  0.99JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  1.0JRLIX Retirement Living ThroughPairCorr
  0.99JRLHX Retirement Living ThroughPairCorr
  1.0JRLKX Multi Index 2015PairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  1.0JRLQX Retirement Living ThroughPairCorr
  0.74JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  1.0JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.73JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.73JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  1.0JRTFX Retirement Living ThroughPairCorr
  0.99JAASX Alternative AssetPairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  1.0JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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LCFYXXNCVX
LCFYXNCIDX
FSAWXXNCVX
FSAWXNCIDX
FSAWXLCFYX
  
High negative correlations   
LCFYXCCD
CCDXNCVX
CCDNCIDX
FSAWXCCD

Risk-Adjusted Indicators

There is a big difference between Multi Mutual Fund performing well and Multi-index 2030 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 2030'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.