Multi-index 2050 Correlations

Mutual Funds . USA . 
Fund . Multi Index 2050 Lifetime
JRTYX Fund  USD 16.15  0.01  0.06%   
The current 90-days correlation between Multi Index 2050 and Nationwide Bailard Technology is 0.87 (i.e., Very poor diversification). The correlation of Multi-index 2050 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.

Multi-index 2050 Correlation With Market

Almost no diversification

The correlation between Multi Index 2050 Lifetime and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Index 2050 Lifetime 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 Multi Index 2050 Lifetime. 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 manufacturing.

Moving together with Multi-index Mutual Fund

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

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Multi-index Mutual Fund performing well and Multi-index 2050 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 Multi-index 2050'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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