Multimanager Lifestyle Correlations

JQLAX Fund

USD 14.18 0.23 1.60%

The current 90-days correlation between Multimanager Lifestyle and Advent Claymore Convertible is 0.88 (i.e., Very poor 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

Poor diversification

The correlation between Multimanager Lifestyle Aggress and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Aggress 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 Aggressive. 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 nation.

Moving together with Multimanager Mutual Fund

0.92	FRBAX	Regional Bank	Pair Corr
0.82	FRBCX	Regional Bank	Pair Corr
0.79	JQLMX	Multimanager Lifestyle	Pair Corr
0.96	JQLBX	Multimanager Lifestyle	Pair Corr
0.99	JQLGX	Multimanager Lifestyle	Pair Corr
0.83	JRBFX	Regional Bank	Pair Corr
1.0	JRETX	J Hancock Ii	Pair Corr
0.92	JRGRX	Regional Bank	Pair Corr
0.92	JRLQX	Retirement Living Through	Pair Corr
0.99	JRLWX	Retirement Living Through	Pair Corr
0.92	JRLVX	Retirement Living Through	Pair Corr
0.78	JAAIX	Alternative Asset	Pair Corr
0.79	JAAKX	Jhancock Multi Index	Pair Corr
0.85	JAAPX	Alternative Asset	Pair Corr
0.71	JRTBX	Retirement Living Through	Pair Corr
0.78	JAARX	Alternative Asset	Pair Corr
0.83	JRTGX	Retirement Living Through	Pair Corr
0.68	JRTFX	Retirement Living Through	Pair Corr
0.83	JAASX	Alternative Asset	Pair Corr
0.84	JRTIX	Multi Index 2030	Pair Corr
1.0	JAAVX	Jhancock Multimanager	Pair Corr
0.88	JRTKX	Retirement Living Through	Pair Corr
0.82	JAAZX	Jhancock Multimanager	Pair Corr
0.64	JABFX	Jhancock Real Estate	Pair Corr
0.8	JAAAX	Alternative Asset	Pair Corr
0.84	PZFVX	Classic Value	Pair Corr
0.77	JACJX	John Hancock Mid	Pair Corr
0.75	JACLX	John Hancock Mid	Pair Corr
0.92	JRTYX	Multi Index 2050	Pair Corr
0.64	JABGX	Jhancock Real Estate	Pair Corr

Related Correlations Analysis

	XAVKX	PBXIX	GCV	CCD	ARBOX	NCIDX
XAVKX		0.96	0.35	0.61	-0.15	0.95	XAVKX
PBXIX	0.96		0.41	0.64	-0.14	0.92	PBXIX
GCV	0.35	0.41		0.19	0.24	0.45	GCV
CCD	0.61	0.64	0.19		-0.74	0.69	CCD
ARBOX	-0.15	-0.14	0.24	-0.74		-0.23	ARBOX
NCIDX	0.95	0.92	0.45	0.69	-0.23		NCIDX
	XAVKX	PBXIX	GCV	CCD	ARBOX	NCIDX

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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

PBXIX	+ 0.96	XAVKX
NCIDX	+ 0.95	XAVKX
NCIDX	+ 0.92	PBXIX
NCIDX	+ 0.69	CCD
CCD	+ 0.64	PBXIX
CCD	+ 0.61	XAVKX

High negative correlations

ARBOX	- 0.74	CCD
NCIDX	- 0.23	ARBOX
ARBOX	- 0.15	XAVKX
ARBOX	- 0.14	PBXIX

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
XAVKX	0.56	(0.04)	0.00	(0.13)	0.00	0.00	0.93	(1.14)	2.56
PBXIX	0.43	(0.02)	0.00	(0.10)	0.00	0.00	0.82	(0.90)	2.66
GCV	0.78	0.09	0.10	0.14	0.96	(0.90)	1.90	(1.58)	5.53
CCD	0.79	(0.15)	0.00	(0.37)	0.00	0.00	1.25	(1.67)	7.13
ARBOX	0.05	0.02	0.00	0.83	0.00	0.00	0.09	0.00	0.27
NCIDX	0.59	0.00	0.00	(0.06)	0.00	0.00	1.30	(1.19)	3.25

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