Retirement Living Correlations

JRLIX Fund  USD 10.86  0.03  0.28%   
The current 90-days correlation between Retirement Living Through and Dreyfus Short Intermediate is -0.06 (i.e., Good 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 0.72 (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 gross domestic product.

Moving together with Retirement Mutual Fund

  0.67JQLMX Multimanager LifestylePairCorr
  0.66JQLBX Multimanager LifestylePairCorr
  0.83JQLAX Multimanager LifestylePairCorr
  0.67JQLCX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.98JRETX J Hancock IiPairCorr
  1.0JRLDX Retirement Living ThroughPairCorr
  1.0JRLFX Multi Index 2010PairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  1.0JRLKX Multi Index 2015PairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.84JRLQX Retirement Living ThroughPairCorr
  0.66JRLPX Multi Index 2020PairCorr
  0.99JRLUX Multi Index 2045PairCorr
  0.84JRLWX Retirement Living ThroughPairCorr
  0.99JRLVX Retirement Living ThroughPairCorr
  0.99JRLZX Retirement Living ThroughPairCorr
  0.83JROUX J Hancock IiPairCorr
  0.84JRODX J Hancock IiPairCorr
  0.84JAAFX Jhancock Multi IndexPairCorr
  0.84JAAJX Jhancock Multi IndexPairCorr
  0.65JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.64JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.64JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  1.0JRTFX Retirement Living ThroughPairCorr
  0.98JAASX Alternative AssetPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.84JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.