Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Growth
JQLGX Fund  USD 14.42  0.02  0.14%   
The current 90-days correlation between Multimanager Lifestyle and Great West Loomis Sayles is 0.94 (i.e., Almost no 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

Almost no diversification

The correlation between Multimanager Lifestyle Growth and DJI is 0.95 (i.e., Almost no 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

  0.95FRBAX Regional BankPairCorr
  0.95FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.92JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.96JQLCX Multimanager LifestylePairCorr
  0.88JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.95JRGRX Regional BankPairCorr
  0.96JRLDX Retirement Living ThroughPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.96JRLHX Retirement Living ThroughPairCorr
  0.98JRLKX Multi Index 2015PairCorr
  0.91JRLLX Retirement Living ThroughPairCorr
  0.88JRLOX 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
  1.0JRLZX Retirement Living ThroughPairCorr
  0.9JROUX J Hancock IiPairCorr
  0.9JRODX J Hancock IiPairCorr
  0.9JAAFX Jhancock Multi IndexPairCorr
  0.9JAAJX Jhancock Multi IndexPairCorr
  0.84JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.89JAAPX Alternative AssetPairCorr
  0.91JRTBX Retirement Living ThroughPairCorr
  0.91JRTAX Retirement Living ThroughPairCorr
  0.93JAARX Alternative AssetPairCorr
  0.89JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  0.91JRTFX Retirement Living ThroughPairCorr
  0.93JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.92JAAVX Jhancock MultimanagerPairCorr
  0.91JRTKX 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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