Multi Index Correlations

Mutual Funds . USA . 
Fund . Multi Index 2050 Lifetime
JRTYX Fund  USD 16.33  0.07  0.43%   
The current 90-days correlation between Multi Index 2050 and Touchstone Premium Yield is 0.7 (i.e., 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

Very poor diversification

The correlation between Multi Index 2050 Lifetime and DJI is 0.83 (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 2050 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 2050 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 manufacturing.

Moving together with Multi Mutual Fund

  0.87FRBAX Regional BankPairCorr
  0.86FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.98JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.87JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.87JRGRX Regional BankPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.98JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  0.89JRLOX Retirement Living ThroughPairCorr
  0.88JRLQX Retirement Living ThroughPairCorr
  0.89JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  1.0JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.98JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  1.0JRTKX Retirement Living ThroughPairCorr

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.

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