Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Balanced
JQLBX Fund  USD 14.09  0.05  0.36%   
The current 90-days correlation between Multimanager Lifestyle and Lord Abbett Short is 0.61 (i.e., Poor 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

Poor diversification

The correlation between Multimanager Lifestyle Balance and DJI is 0.79 (i.e., Poor 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

  0.88FRBAX Regional BankPairCorr
  0.87FRBCX Regional BankPairCorr
  1.0JQLMX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.85JQLGX Multimanager LifestylePairCorr
  0.88JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.88JRGRX Regional BankPairCorr
  0.84JRLDX Retirement Living ThroughPairCorr
  0.65JRLFX Multi Index 2010PairCorr
  0.84JRLIX Retirement Living ThroughPairCorr
  0.84JRLHX Retirement Living ThroughPairCorr
  0.84JRLKX Multi Index 2015PairCorr
  0.85JRLLX Retirement Living ThroughPairCorr
  0.66JRLOX Retirement Living ThroughPairCorr
  0.67JRLQX Retirement Living ThroughPairCorr
  0.66JRLPX Multi Index 2020PairCorr
  0.85JRLUX Multi Index 2045PairCorr
  0.85JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  0.67JRLZX Retirement Living ThroughPairCorr
  0.85JROUX J Hancock IiPairCorr
  0.67JRODX J Hancock IiPairCorr
  0.67JAAFX Jhancock Multi IndexPairCorr
  0.85JAAJX Jhancock Multi IndexPairCorr
  0.67JAAIX Alternative AssetPairCorr
  0.67JAAKX Jhancock Multi IndexPairCorr
  0.66JAAPX Alternative AssetPairCorr
  0.85JRTBX Retirement Living ThroughPairCorr
  0.85JRTAX Retirement Living ThroughPairCorr
  0.67JAARX Alternative AssetPairCorr
  0.66JRTDX Multi Index 2025PairCorr
  0.85JRTGX Retirement Living ThroughPairCorr
  0.67JRTFX Retirement Living ThroughPairCorr
  0.67JAASX Alternative AssetPairCorr
  0.85JRTIX Multi Index 2030PairCorr
  0.67JAAVX Jhancock MultimanagerPairCorr
  0.67JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY