Lifestyle Correlations

Mutual Funds . USA . 
Fund . Lifestyle Ii Growth
JLGSX Fund  USD 12.68  0.20  1.60%   
The current 90-days correlation between Lifestyle Ii Growth and Red Oak Technology is 0.82 (i.e., Very poor diversification). The correlation of 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.

Lifestyle Correlation With Market

Poor diversification

The correlation between Lifestyle Ii Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifestyle Ii Growth 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 Lifestyle Ii Growth. 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 state.

Moving together with Lifestyle Mutual Fund

  0.61FRBAX Regional Bank Potential GrowthPairCorr
  0.66FRBCX Regional BankPairCorr
  0.95JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  0.93JQLAX Multimanager LifestylePairCorr
  0.78JQLCX Multimanager LifestylePairCorr
  0.97JQLGX Multimanager LifestylePairCorr
  0.68JRBFX Regional BankPairCorr
  0.92JRETX J Hancock IiPairCorr
  0.68JRGRX Regional BankPairCorr
  0.75JRLDX Retirement Living ThroughPairCorr
  0.75JRLFX Multi Index 2010PairCorr
  0.82JRLIX Retirement Living ThroughPairCorr
  0.74JRLHX Retirement Living ThroughPairCorr
  0.83JRLKX Multi Index 2015PairCorr
  0.81JRLLX Retirement Living ThroughPairCorr
  0.87JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.88JRLPX Multi Index 2020PairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.99JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  0.92JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.89JAAFX Jhancock Multi IndexPairCorr
  0.89JAAJX Jhancock Multi IndexPairCorr
  0.72JAAIX Alternative AssetPairCorr
  0.89JAAKX Jhancock Multi IndexPairCorr
  0.82JAAPX Alternative AssetPairCorr
  0.91JRTBX Retirement Living ThroughPairCorr
  0.87JRTAX Retirement Living ThroughPairCorr
  0.79JAARX Alternative AssetPairCorr
  0.92JRTDX Multi Index 2025PairCorr
  0.97JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.81JAASX Alternative AssetPairCorr
  0.97JRTIX Multi Index 2030PairCorr
  0.9JAAVX Jhancock MultimanagerPairCorr
  0.99JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lifestyle Mutual Fund performing well and 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 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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