Multimanager Lifestyle Correlations

JALRX Fund

USD 12.11 0.01 0.08%

The current 90-days correlation between Multimanager Lifestyle and Franklin Gold Precious is -0.04 (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 Servati and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Servati 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 Servative. 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 metropolitan statistical area.

Moving together with Multimanager Mutual Fund

0.89	FASIX	Fidelity Asset Manager	Pair Corr
0.89	FTIWX	Fidelity Asset Manager	Pair Corr
0.89	FTDWX	Fidelity Asset Manager	Pair Corr
0.91	FTAWX	Fidelity Asset Manager	Pair Corr
0.89	FIKVX	Fidelity Asset Manager	Pair Corr
0.89	FTCWX	Fidelity Asset Manager	Pair Corr
0.88	VASIX	Vanguard Lifestrategy	Pair Corr
0.91	PFIPX	Strategic Asset Mana	Pair Corr
0.81	HLDIX	Hartford Emerging	Pair Corr
0.8	HLDRX	Hartford Emerging	Pair Corr
0.8	HLDAX	Hartford Emerging	Pair Corr
0.81	HLDCX	Hartford Emerging	Pair Corr
0.8	HLDTX	Hartford Emerging	Pair Corr
0.85	RRSVX	Rbc Small Cap	Pair Corr
0.75	AISTX	Limited Duration	Pair Corr
0.88	HERSX	Hartford Emerging Markets	Pair Corr
0.85	CSCO	Cisco Systems	Pair Corr
0.81	AXP	American Express	Pair Corr
0.87	DD	Dupont De Nemours	Pair Corr
0.76	BA	Boeing Aggressive Push	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.83	IBM	International Business	Pair Corr
0.62	XOM	Exxon Mobil Corp	Pair Corr
0.85	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.66	INTC	Intel	Pair Corr

Moving against Multimanager Mutual Fund

0.33

MCD

McDonalds Sell-off Trend

Pair Corr

Related Correlations Analysis

	FRGOX	MXMVX	USERX	UNWPX	GCEBX	GLRBX	FEGOX
FRGOX		0.62	0.99	0.98	0.81	0.7	0.98	FRGOX
MXMVX	0.62		0.65	0.65	0.88	0.96	0.5	MXMVX
USERX	0.99	0.65		0.98	0.84	0.73	0.96	USERX
UNWPX	0.98	0.65	0.98		0.84	0.75	0.95	UNWPX
GCEBX	0.81	0.88	0.84	0.84		0.94	0.74	GCEBX
GLRBX	0.7	0.96	0.73	0.75	0.94		0.61	GLRBX
FEGOX	0.98	0.5	0.96	0.95	0.74	0.61		FEGOX
	FRGOX	MXMVX	USERX	UNWPX	GCEBX	GLRBX	FEGOX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FRGOX	1.89	0.23	0.06	0.66	2.53	(1.91)	4.65	(3.52)	14.72
MXMVX	1.10	0.00	0.01	0.10	1.73	(1.22)	2.00	(2.53)	11.99
USERX	1.75	0.24	0.07	0.89	2.23	(1.91)	4.43	(3.22)	12.98
UNWPX	1.54	0.20	0.06	0.61	1.71	(2.06)	4.26	(2.42)	10.01
GCEBX	0.85	0.22	0.09	0.83	1.24	(0.95)	2.03	(1.74)	7.29
GLRBX	0.47	0.03	(0.02)	0.17	0.65	(0.45)	1.09	(1.08)	5.39
FEGOX	1.60	0.17	0.04	0.80	2.15	(1.70)	3.85	(2.99)	12.63

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