Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Growth
JHLGX Fund  USD 15.05  0.06  0.40%   
The current 90-days correlation between Multimanager Lifestyle and Barings High Yield 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

Good diversification

The correlation between Multimanager Lifestyle Growth and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Growth 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 Growth. 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 price.

Moving together with Multimanager Mutual Fund

  0.9FRBAX Regional BankPairCorr
  0.9FRBCX Regional BankPairCorr
  1.0JQLMX Multimanager LifestylePairCorr
  1.0JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.98JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.9JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.63JRGRX Regional BankPairCorr
  0.98JRLDX Retirement Living ThroughPairCorr
  0.61JRLFX Multi Index 2010PairCorr
  0.99JRLIX Retirement Living ThroughPairCorr
  0.98JRLHX Retirement Living ThroughPairCorr
  0.99JRLKX Multi Index 2015PairCorr
  0.99JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  1.0JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  0.62JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  1.0JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.61JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.99JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  1.0JRTFX Retirement Living ThroughPairCorr
  0.89JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  1.0JRTKX Retirement Living ThroughPairCorr
  0.62JAAWX Jhancock MultimanagerPairCorr
  1.0JAAZX Jhancock MultimanagerPairCorr

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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