Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JTMIX Fund  USD 12.78  0.05  0.39%   
The current 90-days correlation between Multimanager Lifestyle and Vanguard Wellesley Income is -0.07 (i.e., Good diversification). The correlation of Multimanager Lifestyle 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.

Multimanager Lifestyle Correlation With Market

Good diversification

The correlation between Multimanager Lifestyle Moderat and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Moderat 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 Multimanager Lifestyle Moderate. 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 Multimanager Mutual Fund

  0.9FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.88JRGRX Regional BankPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.98JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.98JRLHX Retirement Living ThroughPairCorr
  0.98JRLKX Multi Index 2015PairCorr
  0.98JRLQX Retirement Living ThroughPairCorr
  0.98JRLUX Multi Index 2045PairCorr
  0.98JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.98JRLZX Retirement Living ThroughPairCorr
  0.98JROUX J Hancock IiPairCorr
  0.98JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.98JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.98JRTAX Retirement Living ThroughPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.99JRTJX Retirement Living ThroughPairCorr
  0.99JRTMX Multi Index 2035PairCorr
  0.99JRTNX Retirement Living ThroughPairCorr
  0.99JRTTX Retirement Living ThroughPairCorr
  0.7JABFX Jhancock Real EstatePairCorr
  0.99JRTWX Retirement Living ThroughPairCorr
  0.99JRTVX Multi Index 2040PairCorr
  0.99JAAAX Alternative AssetPairCorr
  0.98JRTYX Multi Index 2050PairCorr
  0.99JABJX John Hancock FundsPairCorr
  0.98JABMX John Hancock FundsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Multimanager Mutual Fund performing well and Multimanager Lifestyle 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 Multimanager Lifestyle'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VWINX  0.29  0.00 (0.29) 0.21  0.20 
(0.33)
 0.69 
(0.59)
 1.94 
VWIAX  0.29  0.00 (0.30) 0.22  0.20 
(0.32)
 0.67 
(0.57)
 1.97 
BKMIX  0.25  0.10 (0.30)(3.29) 0.00 
(0.32)
 0.69 
(0.39)
 1.51 
HBLTX  0.31  0.09 (0.25)(1.34) 0.20 
(0.36)
 0.85 
(0.55)
 2.04 
HBLRX  0.32  0.00 (0.25) 0.21  0.22 
(0.37)
 0.85 
(0.55)
 2.02 
HBLSX  0.31  0.00 (0.25) 0.21  0.21 
(0.35)
 0.85 
(0.55)
 2.04 
HBLVX  0.31  0.00 (0.24) 0.21  0.19 
(0.35)
 0.85 
(0.54)
 2.03 
HBLYX  0.31  0.09 (0.25)(1.30) 0.20 
(0.36)
 0.86 
(0.54)
 2.01 
HBLCX  0.31  0.00 (0.26) 0.20  0.19 
(0.36)
 0.86 
(0.55)
 2.02 
HBLIX  0.31  0.09 (0.25)(1.40) 0.22 
(0.36)
 0.85 
(0.55)
 1.99 

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