Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JTMIX Fund  USD 12.27  0.04  0.33%   
The current 90-days correlation between Multimanager Lifestyle and Cmg Ultra Short is -0.03 (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 weak diversification

The correlation between Multimanager Lifestyle Moderat and DJI is 0.59 (i.e., Very weak 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 gross domestic product.

Moving together with Multimanager Mutual Fund

  0.91VWINX Vanguard Wellesley IncomePairCorr
  0.8VWIAX Vanguard Wellesley IncomePairCorr
  0.96BKMIX Blackrock Multi AssetPairCorr
  0.75HBLTX Hartford BalancedPairCorr
  0.74HBLRX Hartford BalancedPairCorr
  0.75HBLSX Hartford BalancedPairCorr
  0.75HBLVX Hartford BalancedPairCorr
  0.75HBLYX Hartford BalancedPairCorr
  0.74HBLCX Hartford BalancedPairCorr
  0.74HBLIX Hartford BalancedPairCorr
  0.97FTYPX Fidelity Freedom IndexPairCorr
  0.97FFBTX Fidelity Freedom BlendPairCorr
  0.71GABFX Gmo Asset AllocationPairCorr
  0.88GCAVX Gmo Small CapPairCorr
  0.84GQLOX Gmo Quality FundPairCorr
  0.61GMCQX Gmo Equity AllocationPairCorr
  0.66PFJAX Putnam High YieldPairCorr
  0.67VZ Verizon Communications Earnings Call TomorrowPairCorr
  0.64CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.8CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.65TRV The Travelers CompaniesPairCorr

Moving against Multimanager Mutual Fund

  0.39BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.36PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr

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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