Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Growth
JQLGX Fund  USD 13.99  0.03  0.21%   
The current 90-days correlation between Multimanager Lifestyle and Oklahoma College Savings is 0.84 (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

Very poor diversification

The correlation between Multimanager Lifestyle Growth and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle 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 Multimanager Lifestyle 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 price.

Moving together with Multimanager Mutual Fund

  0.84FRBAX Regional BankPairCorr
  0.83FRBCX Regional BankPairCorr
  0.82JQLMX Multimanager LifestylePairCorr
  0.97JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.84JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.84JRGRX Regional BankPairCorr
  0.66JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.67JRLPX Multi Index 2020PairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.99JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  0.98JROUX J Hancock IiPairCorr
  0.99JRODX J Hancock IiPairCorr
  0.96JAAFX Jhancock Multi IndexPairCorr
  0.84JAAJX Jhancock Multi IndexPairCorr
  0.77JAAIX Alternative AssetPairCorr
  0.96JAAKX Jhancock Multi IndexPairCorr
  0.8JAAPX Alternative AssetPairCorr
  0.73JRTBX Retirement Living ThroughPairCorr
  0.66JRTAX Retirement Living ThroughPairCorr
  0.78JAARX Alternative AssetPairCorr
  0.73JRTDX Multi Index 2025PairCorr
  0.87JRTGX Retirement Living ThroughPairCorr
  0.73JRTFX Retirement Living ThroughPairCorr
  0.69JAASX Alternative AssetPairCorr
  0.88JRTIX Multi Index 2030PairCorr
  0.97JAAVX Jhancock MultimanagerPairCorr
  0.93JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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