Retirement Living Correlations

Mutual Funds . USA . 
Fund . Retirement Living Through
JHRLX Fund  USD 7.95  0.01  0.13%   
The current 90-days correlation between Retirement Living Through and Regional Bank Fund is 0.58 (i.e., Very weak diversification). The correlation of Retirement Living 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.

Retirement Living Correlation With Market

Poor diversification

The correlation between Retirement Living Through and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retirement Living Through 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 Retirement Living Through. 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 economic analysis.

Moving together with Retirement Mutual Fund

  0.89FRBAX Regional BankPairCorr
  0.89FRBCX Regional BankPairCorr
  1.0JQLMX Multimanager LifestylePairCorr
  0.99JQLBX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  1.0JQLCX Multimanager LifestylePairCorr
  0.74JQLGX Multimanager LifestylePairCorr
  0.89JRBFX Regional BankPairCorr
  0.98JRETX J Hancock IiPairCorr
  0.89JRGRX Regional BankPairCorr
  0.75JRLDX Retirement Living ThroughPairCorr
  0.74JRLIX Retirement Living ThroughPairCorr
  0.75JRLHX Retirement Living ThroughPairCorr
  0.74JRLKX Multi Index 2015PairCorr
  0.75JRLLX Retirement Living ThroughPairCorr
  0.73JRLQX Retirement Living ThroughPairCorr
  0.98JRLPX Multi Index 2020PairCorr
  0.73JRLUX Multi Index 2045PairCorr
  0.73JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.73JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.73JRODX J Hancock IiPairCorr
  0.73JAAJX Jhancock Multi IndexPairCorr
  0.99JAAIX Alternative AssetPairCorr
  0.73JAAKX Jhancock Multi IndexPairCorr
  0.98JAAPX Alternative AssetPairCorr
  0.74JRTBX Retirement Living ThroughPairCorr
  0.75JRTAX Retirement Living ThroughPairCorr
  0.99JAARX Alternative AssetPairCorr
  0.74JRTGX Retirement Living ThroughPairCorr
  0.73JAASX Alternative AssetPairCorr
  0.74JRTIX Multi Index 2030PairCorr
  0.73JAAVX Jhancock MultimanagerPairCorr
  0.74JRTKX Retirement Living ThroughPairCorr
  0.74JRTJX Retirement Living ThroughPairCorr
  0.73JAAWX Jhancock MultimanagerPairCorr
  0.74JRTMX Multi Index 2035PairCorr
  0.73JAAZX Jhancock MultimanagerPairCorr
  0.74JRTNX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Retirement Mutual Fund performing well and Retirement Living 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 Retirement Living'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.08  0.19  0.16  0.30  0.92 
(1.32)
 2.61 
(1.40)
 6.87 
FRBCX  1.08  0.19  0.16  0.30  0.92 
(1.31)
 2.58 
(1.42)
 6.80 
JQLMX  0.25  0.06 (0.07) 0.30  0.00 
(0.30)
 0.81 
(0.47)
 1.74 
JQLBX  0.34  0.08  0.01  0.30  0.00 
(0.41)
 1.11 
(0.70)
 2.38 
JQLAX  0.49  0.11  0.10  0.30  0.34 
(0.57)
 1.63 
(1.18)
 3.50 
JQLCX  0.17  0.04 (0.21) 0.34  0.00 
(0.23)
 0.44 
(0.25)
 1.29 
JQLGX  0.41  0.22  0.14 (3.00) 0.00 
(0.53)
 1.34 
(0.62)
 3.04 
JRBFX  1.10  0.19  0.17  0.30  0.92 
(1.33)
 2.62 
(1.40)
 6.88 
JRETX  0.51  0.12  0.11  0.30  0.33 
(0.61)
 1.71 
(1.24)
 3.61 
JRGRX  1.10  0.19  0.16  0.30  0.92 
(1.33)
 2.58 
(1.40)
 6.88 

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