Multimanager Lifestyle Correlations

Mutual Funds USA . 
Fund . Multimanager Lifestyle Servative
JALRX Fund  USD 11.78  0.02  0.17%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.27 (i.e., Modest 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

Modest diversification

The correlation between Multimanager Lifestyle Servati and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Servati 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 Servative. 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 metropolitan statistical area.

Moving together with Multimanager Mutual Fund

  0.98JQLMX Multimanager LifestylePairCorr
  0.93JQLBX Multimanager LifestylePairCorr
  0.8JQLAX Multimanager LifestylePairCorr
  1.0JQLCX Multimanager LifestylePairCorr
  0.9JQLGX Multimanager LifestylePairCorr
  0.81JRETX J Hancock IiPairCorr
  0.95JRLDX Retirement Living ThroughPairCorr
  0.81JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.85JRLQX Retirement Living ThroughPairCorr
  0.91JRLPX Multi Index 2020PairCorr
  0.85JRLUX Multi Index 2045PairCorr
  0.81JRLWX Retirement Living ThroughPairCorr
  0.85JRLVX Retirement Living ThroughPairCorr
  0.81JRLZX Retirement Living ThroughPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.81JRODX J Hancock IiPairCorr
  0.76JAAFX Jhancock Multi IndexPairCorr
  0.85JAAJX Jhancock Multi IndexPairCorr
  0.67JAAIX Alternative AssetPairCorr
  0.76JAAKX Jhancock Multi IndexPairCorr
  0.78JAAPX Alternative AssetPairCorr
  0.97JRTBX Retirement Living ThroughPairCorr
  0.96JRTAX Retirement Living ThroughPairCorr
  0.8JAARX Alternative AssetPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.9JRTGX Retirement Living ThroughPairCorr
  0.67JAASX Alternative AssetPairCorr
  0.96JRTIX Multi Index 2030PairCorr
  0.73JAAVX Jhancock MultimanagerPairCorr
  0.94JRTKX Retirement Living ThroughPairCorr
  0.96JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
FRBAX  1.22  0.05  0.02  0.29  1.66 
(1.50)
 2.76 
(2.89)
 18.58 
FRBCX  1.25 (0.02) 0.00  0.21  0.00 
 0.00 
 2.74 
(3.07)
 18.87 
JQLMX  0.27 (0.05) 0.00 (0.44) 0.00 
 0.00 
 0.49 
(0.56)
 2.17 
JQLBX  0.35 (0.05) 0.00 (0.33) 0.00 
 0.00 
 0.65 
(0.72)
 2.69 
JQLAX  0.52 (0.07) 0.00 (0.58) 0.00 
 0.00 
 0.87 
(0.93)
 4.83 
JQLCX  0.18 (0.05) 0.00 (0.58) 0.00 
 0.00 
 0.33 
(0.50)
 1.68 
JQLGX  0.46 (0.06) 0.00 (0.30) 0.00 
 0.00 
 0.75 
(0.81)
 4.30 
JRBFX  1.22  0.05  0.02  0.30  1.66 
(1.50)
 2.73 
(2.93)
 18.66 
JRETX  0.55 (0.05) 0.00 (0.20) 0.00 
 0.00 
 1.00 
(0.98)
 5.63 
JRGRX  1.24 (0.01) 0.00  0.14  0.00 
 0.00 
 2.76 
(3.07)
 18.69 

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