Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Aggressive
JTLAX Fund  USD 15.98  0.16  1.01%   
The current 90-days correlation between Multimanager Lifestyle and Franklin Government Money is -0.02 (i.e., Good 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 Aggress and DJI is 0.92 (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 Aggress 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 Aggressive. 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 nation.

Moving together with Multimanager Mutual Fund

  0.98JAAIX Alternative AssetPairCorr
  0.93JSNIX Jhancock Short DurationPairCorr
  1.0JTGIX Multimanager LifestylePairCorr
  0.98JTMIX Multimanager LifestylePairCorr
  1.0JTLGX Multimanager LifestylePairCorr
  0.99JTLMX Multimanager LifestylePairCorr
  0.97JTLRX Multimanager LifestylePairCorr
  0.98JTOIX Multimanager LifestylePairCorr
  1.0JTSBX Multimanager LifestylePairCorr
  1.0JCLAX Multimanager LifestylePairCorr
  0.86JDJRX Jhancock DiversifiedPairCorr
  0.82JDJIX Jhancock DiversifiedPairCorr
  0.99JDVNX Jhancock DisciplinedPairCorr
  0.98JGECX Jhancock Global EquityPairCorr
  0.72JYEBX Jhancock Real EstatePairCorr
  0.95FIDAX Financial IndustriesPairCorr
  0.98JHJAX John Hancock EsgPairCorr
  0.99JHJRX John Hancock EsgPairCorr
  1.0JHLAX Multimanager LifestylePairCorr
  0.98TAGRX Fundamental Large CapPairCorr
  1.0JLIEX Retirement Living ThroughPairCorr
  0.99JLMOX Lifestyle Ii ModeratePairCorr

Moving against Multimanager Mutual Fund

  0.31GPMFX Guidepath Managed FuturesPairCorr

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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