Multimanager Lifestyle Correlations
| JQLCX Fund | USD 12.12 0.01 0.08% |
The current 90-days correlation between Multimanager Lifestyle and Ashmore Emerging Markets is 0.31 (i.e., Weak 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 Servati and DJI is 0.6 (i.e., Poor 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.
Multimanager |
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELBIX | 0.24 | 0.10 | (0.40) | (56.80) | 0.00 | 0.60 | 1.32 | |||
| SMAAX | 0.10 | 0.02 | (0.99) | 4.68 | 0.00 | 0.21 | 0.61 | |||
| PBMXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| APSXX | 0.03 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 1.01 | |||
| FMFXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| PAELX | 0.25 | 0.09 | (0.33) | 8.83 | 0.00 | 0.65 | 1.85 | |||
| STSEX | 0.56 | 0.05 | 0.00 | 0.28 | 0.24 | 1.60 | 3.33 | |||
| QCMMIX | 0.02 | 0.01 | 0.00 | (4.64) | 0.00 | 0.03 | 0.07 |