Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Growth
JSLGX Fund  USD 14.10  0.07  0.49%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.05 (i.e., Significant 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 Growth and DJI is 0.73 (i.e., 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

  0.71FRBAX Regional BankPairCorr
  0.76FRBCX Regional BankPairCorr
  0.87JQLMX Multimanager LifestylePairCorr
  0.97JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.62JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.78JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.78JRGRX Regional BankPairCorr
  0.66JRLIX Retirement Living ThroughPairCorr
  0.67JRLKX Multi Index 2015PairCorr
  0.66JRLLX Retirement Living ThroughPairCorr
  0.74JRLOX Retirement Living ThroughPairCorr
  0.99JRLQX Retirement Living ThroughPairCorr
  0.75JRLPX 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
  0.95JAAFX Jhancock Multi IndexPairCorr
  0.95JAAJX Jhancock Multi IndexPairCorr
  0.63JAAIX Alternative AssetPairCorr
  0.95JAAKX Jhancock Multi IndexPairCorr
  0.73JAAPX Alternative AssetPairCorr
  0.8JRTBX Retirement Living ThroughPairCorr
  0.74JRTAX Retirement Living ThroughPairCorr
  0.7JAARX Alternative AssetPairCorr
  0.8JRTDX Multi Index 2025PairCorr
  0.9JRTGX Retirement Living ThroughPairCorr
  0.8JRTFX Retirement Living ThroughPairCorr
  0.71JAASX Alternative AssetPairCorr
  0.91JRTIX Multi Index 2030PairCorr
  0.96JAAVX Jhancock MultimanagerPairCorr
  0.94JRTKX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.16 (0.35) 0.00  1.36  0.00 
 0.00 
 1.88 
(3.49)
 6.76 
FRBCX  1.16 (0.22) 0.00 (0.31) 0.00 
 0.00 
 1.86 
(3.51)
 6.88 
JQLMX  0.32  0.00  0.00 (0.09) 0.00 
 0.00 
 0.64 
(0.72)
 1.79 
JQLBX  0.45  0.00  0.00 (0.09) 0.00 
 0.00 
 0.81 
(1.03)
 2.62 
JQLAX  0.70 (0.02) 0.00 (0.11) 0.00 
 0.00 
 1.16 
(1.57)
 4.02 
JQLCX  0.19  0.00  0.00 (0.09) 0.00 
 0.00 
 0.42 
(0.34)
 1.11 
JQLGX  0.58 (0.01) 0.00 (0.10) 0.00 
 0.00 
 1.06 
(1.27)
 3.36 
JRBFX  1.15 (0.21) 0.00 (0.30) 0.00 
 0.00 
 1.84 
(3.50)
 6.73 
JRETX  0.71 (0.01) 0.00 (0.11) 0.00 
 0.00 
 1.15 
(1.59)
 4.09 
JRGRX  1.15 (0.21) 0.00 (0.30) 0.00 
 0.00 
 1.84 
(3.46)
 6.77 

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