Retirement Living Correlations

JHRMX Fund

USD 10.23 0.07 0.69%

The current 90-days correlation between Retirement Living Through and Tax Managed Mid Small is 0.72 (i.e., Poor diversification). The correlation of Retirement Living 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.

Retirement Living Correlation With Market

Modest diversification

The correlation between Retirement Living Through and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retirement Living Through 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 Retirement Living Through. 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 Retirement Mutual Fund

0.98	JQLAX	Multimanager Lifestyle	Pair Corr
0.95	JRLWX	Retirement Living Through	Pair Corr
0.9	JAAIX	Alternative Asset	Pair Corr
0.89	JAAPX	Alternative Asset	Pair Corr
1.0	JRTNX	Retirement Living Through	Pair Corr
0.99	JRTWX	Retirement Living Through	Pair Corr
0.81	JSCNX	John Hancock Ii	Pair Corr
0.84	JSJFX	Small Cap Growth	Pair Corr
0.99	JSLAX	Multimanager Lifestyle	Pair Corr
0.74	JDVNX	Jhancock Disciplined	Pair Corr
0.73	JYEBX	Jhancock Real Estate	Pair Corr
0.68	JGYAX	John Hancock Global	Pair Corr
0.96	JHBEX	John Hancock Funds	Pair Corr
0.8	JHLVX	Fundamental Large Cap	Pair Corr
0.98	JILMX	Multimanager Lifestyle	Pair Corr
0.66	GOGIX	John Hancock Interna	Pair Corr
1.0	JLHHX	Retirement Living Through	Pair Corr
0.97	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.99	VTTHX	Vanguard Target Reti	Pair Corr
0.9	AAFTX	American Funds 2035	Pair Corr
0.9	FAQTX	American Funds 2035	Pair Corr
0.91	CCFTX	American Funds 2035	Pair Corr
0.96	FFTHX	Fidelity Freedom 2035	Pair Corr
0.97	FWTKX	Fidelity Freedom 2035	Pair Corr
0.96	FSNUX	Fidelity Freedom 2035	Pair Corr
0.91	TRFJX	T Rowe Price	Pair Corr
0.98	FNIPX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	RTSSX	ARTQX	NQQQX	TIMXX	USCBX
RTSSX		0.91	0.44	0.0	0.55	RTSSX
ARTQX	0.91		0.49	0.0	0.6	ARTQX
NQQQX	0.44	0.49		0.0	-0.06	NQQQX
TIMXX	0.0	0.0	0.0		0.0	TIMXX
USCBX	0.55	0.6	-0.06	0.0		USCBX
	RTSSX	ARTQX	NQQQX	TIMXX	USCBX

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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

ARTQX	+ 0.91	RTSSX
USCBX	+ 0.6	ARTQX
USCBX	+ 0.55	RTSSX
NQQQX	+ 0.49	ARTQX
NQQQX	+ 0.44	RTSSX
TIMXX	+ 0.0	RTSSX

High negative correlations

USCBX	- 0.06	NQQQX
USCBX	- 0.0	TIMXX
TIMXX	- 0.0	NQQQX
TIMXX	- 0.0	ARTQX
TIMXX	- 0.0	RTSSX

Risk-Adjusted Indicators

There is a big difference between Retirement Mutual Fund performing well and Retirement Living 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 Retirement Living'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
RTSSX	0.79	(0.01)	(0.02)	(0.02)	1.11	(0.84)	1.69	(1.34)	9.56
ARTQX	0.61	(0.05)	0.00	(0.20)	0.00	0.00	1.09	(1.09)	6.35
NQQQX	0.90	(0.01)	(0.01)	(0.04)	1.71	(0.83)	1.55	(2.40)	9.55
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USCBX	0.19	(0.03)	0.00	(0.53)	0.00	0.00	0.39	(0.58)	1.93

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