Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JTLMX Fund  USD 12.21  0.04  0.33%   
The current 90-days correlation between Multimanager Lifestyle and Financials Ultrasector Profund is 0.52 (i.e., Very weak 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

Modest diversification

The correlation between Multimanager Lifestyle Moderat and DJI is 0.25 (i.e., Modest 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

  0.86JQLAX Multimanager LifestylePairCorr
  0.9JRLWX Retirement Living ThroughPairCorr
  0.71JAAIX Alternative AssetPairCorr
  0.85JAAPX Alternative AssetPairCorr
  0.99JRTNX Retirement Living ThroughPairCorr
  0.97JRTWX Retirement Living ThroughPairCorr
  0.77JSCNX John Hancock IiPairCorr
  0.81JSJFX Small Cap GrowthPairCorr
  0.86JSLAX Multimanager LifestylePairCorr
  0.62JSNIX Jhancock Short DurationPairCorr
  0.74JDVNX Jhancock DisciplinedPairCorr
  0.73JYEBX Jhancock Real EstatePairCorr
  0.72JGYAX John Hancock GlobalPairCorr
  0.93JHBEX John Hancock FundsPairCorr
  0.74JHLVX Fundamental Large CapPairCorr
  1.0JILMX Multimanager LifestylePairCorr
  0.76GOGIX John Hancock InternaPairCorr
  0.97JLHHX Retirement Living ThroughPairCorr
  1.0JLMOX Lifestyle Ii ModeratePairCorr
  0.83VWINX Vanguard Wellesley IncomePairCorr
  0.86VWIAX Vanguard Wellesley IncomePairCorr
  0.93BKMIX Blackrock Multi AssetPairCorr
  0.78HBLTX Hartford BalancedPairCorr
  0.77HBLRX Hartford BalancedPairCorr
  0.77HBLSX Hartford BalancedPairCorr
  0.78HBLVX Hartford BalancedPairCorr
  0.8HBLYX Hartford BalancedPairCorr
  0.76HBLCX Hartford BalancedPairCorr
  0.78HBLIX Hartford BalancedPairCorr
  0.73LIIAX Columbia Porate IncomePairCorr
  0.77SRINX Columbia Porate IncomePairCorr
  0.82WRHIX Ivy High IncomePairCorr
  0.79WHIAX Ivy High IncomePairCorr
  0.81IHIFX Ivy High IncomePairCorr
  0.81IVHIX Ivy High IncomePairCorr

Related Correlations Analysis

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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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