Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JCLMX Fund  USD 12.88  0.07  0.55%   
The current 90-days correlation between Multimanager Lifestyle and Flexible Bond Portfolio is 0.18 (i.e., Average 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 Moderat 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 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

  0.9FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  0.95JQLMX Multimanager LifestylePairCorr
  0.95JQLBX Multimanager LifestylePairCorr
  0.93JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.94JQLGX Multimanager LifestylePairCorr
  0.84JRBFX Regional BankPairCorr
  0.93JRETX J Hancock IiPairCorr
  0.84JRGRX Regional BankPairCorr
  0.99JRLDX Retirement Living ThroughPairCorr
  0.99JRLFX Multi Index 2010PairCorr
  0.95JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.95JRLKX Multi Index 2015PairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  0.95JRLOX Retirement Living ThroughPairCorr
  0.93JRLQX Retirement Living ThroughPairCorr
  0.95JRLPX Multi Index 2020PairCorr
  0.93JRLUX Multi Index 2045PairCorr
  0.93JRLWX Retirement Living ThroughPairCorr
  0.93JRLVX Retirement Living ThroughPairCorr
  0.93JRLZX Retirement Living ThroughPairCorr
  0.93JROUX J Hancock IiPairCorr
  0.93JRODX J Hancock IiPairCorr
  0.93JAAFX Jhancock Multi IndexPairCorr
  0.93JAAJX Jhancock Multi IndexPairCorr
  0.98JAAIX Alternative AssetPairCorr
  0.93JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.95JRTBX Retirement Living ThroughPairCorr
  0.95JRTAX Retirement Living ThroughPairCorr
  0.98JAARX Alternative AssetPairCorr
  0.95JRTDX Multi Index 2025PairCorr
  0.94JRTGX Retirement Living ThroughPairCorr
  0.95JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  0.94JRTIX Multi Index 2030PairCorr
  0.93JAAVX Jhancock MultimanagerPairCorr
  0.94JRTKX Retirement Living ThroughPairCorr

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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