Multimanager Lifestyle Correlations

JCLMX Fund

USD 12.39 0.04 0.32%

The current 90-days correlation between Multimanager Lifestyle and Balanced Fund Retail is 0.45 (i.e., Very weak 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

Average diversification

The correlation between Multimanager Lifestyle Moderat and DJI is 0.13 (i.e., Average 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 population.

Moving together with Multimanager Mutual Fund

0.9	JQLAX	Multimanager Lifestyle	Pair Corr
0.78	JRLWX	Retirement Living Through	Pair Corr
0.8	JAAIX	Alternative Asset	Pair Corr
0.77	JAAPX	Alternative Asset	Pair Corr
0.89	JRTNX	Retirement Living Through	Pair Corr
0.86	JRTWX	Retirement Living Through	Pair Corr
0.76	JSCNX	John Hancock Ii	Pair Corr
0.8	JSJFX	Small Cap Growth	Pair Corr
0.9	JSLAX	Multimanager Lifestyle	Pair Corr
0.62	JSNIX	Jhancock Short Duration	Pair Corr
0.71	JDVNX	Jhancock Disciplined	Pair Corr
0.65	JGIFX	John Hancock Government	Pair Corr
0.74	JYEBX	Jhancock Real Estate	Pair Corr
0.71	JGYAX	John Hancock Global	Pair Corr
0.81	JHBEX	John Hancock Funds	Pair Corr
0.74	JHLVX	Fundamental Large Cap	Pair Corr
0.64	JHSMX	International Small Pany	Pair Corr
0.92	JILMX	Multimanager Lifestyle	Pair Corr
0.75	GOGIX	John Hancock Interna	Pair Corr
0.87	JLHHX	Retirement Living Through	Pair Corr
0.92	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.89	VWINX	Vanguard Wellesley Income	Pair Corr
0.81	VWIAX	Vanguard Wellesley Income	Pair Corr
0.87	BKMIX	Blackrock Multi Asset	Pair Corr
0.73	HBLTX	Hartford Balanced	Pair Corr
0.72	HBLRX	Hartford Balanced	Pair Corr
0.73	HBLSX	Hartford Balanced	Pair Corr
0.73	HBLVX	Hartford Balanced	Pair Corr
0.8	HBLYX	Hartford Balanced	Pair Corr
0.72	HBLCX	Hartford Balanced	Pair Corr
0.73	HBLIX	Hartford Balanced	Pair Corr
0.75	LIIAX	Columbia Porate Income	Pair Corr
0.79	SRINX	Columbia Porate Income	Pair Corr
0.83	WRHIX	Ivy High Income	Pair Corr
0.8	WHIAX	Ivy High Income	Pair Corr
0.81	IHIFX	Ivy High Income	Pair Corr
0.8	IVHIX	Ivy High Income	Pair Corr

Related Correlations Analysis

	FLDFX	DFVEX	RGELX	AUUIX	LGFEX	QDIBX
FLDFX		0.36	0.33	0.87	0.78	0.74	FLDFX
DFVEX	0.36		0.8	0.58	-0.03	0.04	DFVEX
RGELX	0.33	0.8		0.42	0.12	0.2	RGELX
AUUIX	0.87	0.58	0.42		0.55	0.52	AUUIX
LGFEX	0.78	-0.03	0.12	0.55		0.89	LGFEX
QDIBX	0.74	0.04	0.2	0.52	0.89		QDIBX
	FLDFX	DFVEX	RGELX	AUUIX	LGFEX	QDIBX

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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

QDIBX	+ 0.89	LGFEX
AUUIX	+ 0.87	FLDFX
RGELX	+ 0.8	DFVEX
LGFEX	+ 0.78	FLDFX
QDIBX	+ 0.74	FLDFX
AUUIX	+ 0.58	DFVEX

High negative correlations

LGFEX

- 0.03

DFVEX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLDFX	0.62	(0.21)	0.00	(1.55)	0.00	0.00	0.71	(1.03)	12.74
DFVEX	0.59	0.03	0.02	0.13	0.73	(0.72)	1.16	(0.97)	7.30
RGELX	0.53	(0.02)	0.00	(0.33)	0.00	0.00	1.03	(1.29)	4.49
AUUIX	0.62	(0.07)	0.00	(0.28)	0.00	0.00	1.01	(1.18)	10.08
LGFEX	0.64	(0.22)	0.00	(2.86)	0.00	0.00	0.74	(1.33)	7.57
QDIBX	0.30	(0.11)	0.00	2.23	0.00	0.00	0.47	(0.67)	3.94

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