Multi-index 2015 Correlations

Mutual Funds . USA . 
Fund . Multi Index 2015 Lifetime
JRLKX Fund  USD 10.52  0.03  0.29%   
The current 90-days correlation between Multi Index 2015 and Voya High Yield is 0.57 (i.e., Very weak diversification). The correlation of Multi-index 2015 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.

Multi-index 2015 Correlation With Market

Very weak diversification

The correlation between Multi Index 2015 Lifetime and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2015 Lifetime 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 Multi Index 2015 Lifetime. 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 industry.

Moving together with Multi Mutual Fund

  0.61FRBAX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.98JQLBX Multimanager LifestylePairCorr
  0.9JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.95JQLGX Multimanager LifestylePairCorr
  0.61JRBFX Regional BankPairCorr
  0.89JRETX J Hancock IiPairCorr
  0.61JRGRX Regional BankPairCorr
  0.94JRLDX Retirement Living ThroughPairCorr
  1.0JRLFX Multi Index 2010PairCorr
  1.0JRLIX Retirement Living ThroughPairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  0.94JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.96JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.89JRLUX Multi Index 2045PairCorr
  0.96JRLWX Retirement Living ThroughPairCorr
  0.97JRLVX Retirement Living ThroughPairCorr
  0.89JRLZX Retirement Living ThroughPairCorr
  0.81JROUX J Hancock IiPairCorr
  0.89JRODX J Hancock IiPairCorr
  0.83JAAFX Jhancock Multi IndexPairCorr
  0.74JAAJX Jhancock Multi IndexPairCorr
  0.83JAAKX Jhancock Multi IndexPairCorr
  0.81JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.78JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  0.92JRTGX Retirement Living ThroughPairCorr
  0.93JRTFX Retirement Living ThroughPairCorr
  0.79JAASX Alternative AssetPairCorr
  0.92JRTIX Multi Index 2030PairCorr
  0.86JAAVX Jhancock MultimanagerPairCorr
  0.91JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Multi Mutual Fund performing well and Multi-index 2015 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 Multi-index 2015'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY