Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JILMX Fund  USD 12.20  0.04  0.33%   
The current 90-days correlation between Multimanager Lifestyle and Oakhurst Short Duration is 0.4 (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

Modest diversification

The correlation between Multimanager Lifestyle Moderat and DJI is 0.25 (i.e., Modest 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

  0.76JQLMX Multimanager LifestylePairCorr
  0.77JQLBX Multimanager LifestylePairCorr
  0.94JQLAX Multimanager LifestylePairCorr
  0.73JQLGX Multimanager LifestylePairCorr
  0.62JRLDX Retirement Living ThroughPairCorr
  0.65JRLIX Retirement Living ThroughPairCorr
  0.62JRLHX Retirement Living ThroughPairCorr
  0.67JRLOX Retirement Living ThroughPairCorr
  0.76JRLUX Multi Index 2045PairCorr
  0.76JRLVX Retirement Living ThroughPairCorr
  0.72JROUX J Hancock IiPairCorr
  0.76JRODX J Hancock IiPairCorr
  0.71JAAFX Jhancock Multi IndexPairCorr
  0.71JAAJX Jhancock Multi IndexPairCorr
  0.85JAAIX Alternative AssetPairCorr
  0.69JRTBX Retirement Living ThroughPairCorr
  0.66JRTAX Retirement Living ThroughPairCorr
  0.69JAARX Alternative AssetPairCorr
  0.72JRTGX Retirement Living ThroughPairCorr
  0.68JRTFX Retirement Living ThroughPairCorr
  0.71JAASX Alternative AssetPairCorr
  0.73JRTIX Multi Index 2030PairCorr
  0.71JAAVX Jhancock MultimanagerPairCorr
  0.74JRTKX Retirement Living ThroughPairCorr
  0.72JAAWX Jhancock MultimanagerPairCorr
  0.75JRTMX Multi Index 2035PairCorr
  0.72JAAZX Jhancock MultimanagerPairCorr
  0.71JABBX Jhancock MultimanagerPairCorr
  0.71JABEX Jhancock MultimanagerPairCorr
  0.76JRTVX Multi Index 2040PairCorr
  0.85JAAAX Alternative AssetPairCorr
  0.76JABKX John Hancock FundsPairCorr
  0.76JABPX 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.

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