Multimanager Lifestyle Correlations

JQLMX Fund

USD 12.29 0.06 0.49%

The current 90-days correlation between Multimanager Lifestyle and Mesirow Financial Small is -0.01 (i.e., Good 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 Moderat 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 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

0.91	JRTVX	Multi Index 2040	Pair Corr
0.89	JABKX	John Hancock Funds	Pair Corr
0.84	JABQX	John Hancock Funds	Pair Corr
1.0	JALMX	Multimanager Lifestyle	Pair Corr
0.71	JSFBX	John Hancock Seaport	Pair Corr
0.83	JTGIX	Multimanager Lifestyle	Pair Corr
1.0	JTMIX	Multimanager Lifestyle	Pair Corr
0.7	JCTFX	John Hancock High	Pair Corr
0.76	JDJRX	Jhancock Diversified	Pair Corr
0.75	JDVNX	Jhancock Disciplined	Pair Corr
0.98	JGECX	Jhancock Global Equity	Pair Corr
0.98	JGEMX	Jhancock Global Equity	Pair Corr
0.98	JGERX	Jhancock Global Equity	Pair Corr
0.98	JGETX	Jhancock Global Equity	Pair Corr
0.7	JYEBX	Jhancock Real Estate	Pair Corr
0.79	JHBEX	John Hancock Funds	Pair Corr
0.71	JHBLX	Jhancock Multi Index	Pair Corr
0.74	FIDAX	Financial Industries	Pair Corr
0.82	JHIKX	Multi Index 2060	Pair Corr
0.94	JHLAX	Multimanager Lifestyle	Pair Corr
0.88	JIAGX	Income Allocation	Pair Corr
0.88	JLAEX	Retirement Living Through	Pair Corr
0.83	JLIHX	Retirement Living Through	Pair Corr
0.83	JLIOX	Retirement Living Through	Pair Corr
0.98	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.79	VWINX	Vanguard Wellesley Income	Pair Corr
0.75	VWIAX	Vanguard Wellesley Income	Pair Corr
0.82	BKMIX	Blackrock Multi Asset	Pair Corr
0.84	HBLTX	Hartford Balanced	Pair Corr
0.85	HBLRX	Hartford Balanced	Pair Corr
0.84	HBLSX	Hartford Balanced	Pair Corr
0.83	HBLVX	Hartford Balanced	Pair Corr

Moving against Multimanager Mutual Fund

0.38

JGIFX

John Hancock Government

Pair Corr

Related Correlations Analysis

	MSVIX	ICFAX	GCFSX	FTIXX	FIKBX	MCBXX
MSVIX		0.87	-0.05	0.0	0.82	0.0	MSVIX
ICFAX	0.87		0.0	0.0	0.82	0.0	ICFAX
GCFSX	-0.05	0.0		0.0	0.46	0.0	GCFSX
FTIXX	0.0	0.0	0.0		0.0	0.0	FTIXX
FIKBX	0.82	0.82	0.46	0.0		0.0	FIKBX
MCBXX	0.0	0.0	0.0	0.0	0.0		MCBXX
	MSVIX	ICFAX	GCFSX	FTIXX	FIKBX	MCBXX

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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

ICFAX	+ 0.87	MSVIX
FIKBX	+ 0.82	MSVIX
FIKBX	+ 0.82	ICFAX
FIKBX	+ 0.46	GCFSX
FTIXX	+ 0.0	MSVIX
MCBXX	+ 0.0	MSVIX

High negative correlations

GCFSX	- 0.05	MSVIX
MCBXX	- 0.0	FIKBX
MCBXX	- 0.0	FTIXX
FIKBX	- 0.0	FTIXX
MCBXX	- 0.0	GCFSX
FTIXX	- 0.0	GCFSX

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
MSVIX	0.84	(0.05)	0.00	2.11	0.00	0.00	1.60	(1.74)	4.25
ICFAX	0.79	(0.03)	0.00	(0.09)	0.00	0.00	1.32	(2.07)	3.93
GCFSX	0.71	0.11	0.16	(3.73)	0.86	(0.78)	1.80	(1.39)	4.68
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.85	(0.02)	0.00	0.59	0.00	0.00	1.73	(1.95)	6.29
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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