Multimanager Lifestyle Correlations

JALBX Fund  USD 14.17  0.09  0.63%   
The current 90-days correlation between Multimanager Lifestyle and Flkypx is -0.12 (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

Good diversification

The correlation between Multimanager Lifestyle Balance and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Balance 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 Balanced. 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 bureau of labor statistics.

Moving together with Multimanager Mutual Fund

  0.92FRBAX Regional Bank Steady GrowthPairCorr
  0.92FRBCX Regional Bank Steady GrowthPairCorr
  0.97JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  0.95JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.96JQLGX Multimanager LifestylePairCorr
  0.87JRBFX Regional Bank Steady GrowthPairCorr
  0.95JRETX J Hancock IiPairCorr
  0.87JRGRX Regional Bank Steady GrowthPairCorr
  0.79JRLDX Retirement Living ThroughPairCorr
  0.79JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.96JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.96JRLOX Retirement Living ThroughPairCorr
  0.95JRLQX Retirement Living ThroughPairCorr
  0.96JRLPX Multi Index 2020PairCorr
  0.8JRLUX Multi Index 2045PairCorr
  0.95JRLWX Retirement Living ThroughPairCorr
  0.8JRLVX Retirement Living ThroughPairCorr
  0.95JRLZX Retirement Living ThroughPairCorr
  0.8JROUX J Hancock IiPairCorr
  0.95JRODX J Hancock IiPairCorr
  0.7JAAJX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.95JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.96JRTBX Retirement Living ThroughPairCorr
  0.87JRTAX Retirement Living ThroughPairCorr
  0.8JAARX Alternative AssetPairCorr
  0.96JRTDX Multi Index 2025PairCorr
  0.88JRTGX Retirement Living ThroughPairCorr
  0.96JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.96JRTIX Multi Index 2030PairCorr
  0.71JAAVX Jhancock MultimanagerPairCorr
  0.8JRTKX Retirement Living ThroughPairCorr
  0.96JRTJX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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   
AUUIXFBANJX
FBANJXFLKYPX
AUUIXFLKYPX
IAADXFLKYPX
FBANJXIAADX
AUUIXIAADX
  
High negative correlations   
IEMSXFBANJX
IEMSXFLKYPX
IEMSXAUUIX
IEMSXIAADX

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.