Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Moderate
JALMX Fund  USD 12.73  0.05  0.39%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.38 (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 Moderat and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Moderat 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 Moderate. 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 population.

Moving together with MULTIMANAGER Mutual Fund

  1.0JQLMX Multimanager LifestylePairCorr
  0.92JQLBX Multimanager LifestylePairCorr
  0.78JQLAX Multimanager LifestylePairCorr
  0.89JQLCX Multimanager LifestylePairCorr
  0.83JQLGX Multimanager LifestylePairCorr
  0.74JRETX J Hancock IiPairCorr
  0.93JRLDX Retirement Living ThroughPairCorr
  0.93JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.93JRLHX Retirement Living ThroughPairCorr
  0.97JRLKX Multi Index 2015PairCorr
  0.97JRLLX Retirement Living ThroughPairCorr
  0.99JRLOX Retirement Living ThroughPairCorr
  0.8JRLQX Retirement Living ThroughPairCorr
  0.99JRLPX Multi Index 2020PairCorr
  0.8JRLUX Multi Index 2045PairCorr
  0.77JRLWX Retirement Living ThroughPairCorr
  0.8JRLVX Retirement Living ThroughPairCorr
  0.77JRLZX Retirement Living ThroughPairCorr
  0.74JROUX J Hancock IiPairCorr
  0.77JRODX J Hancock IiPairCorr
  0.77JAAFX Jhancock Multi IndexPairCorr
  0.77JAAJX Jhancock Multi IndexPairCorr
  0.84JAAIX Alternative AssetPairCorr
  0.77JAAKX Jhancock Multi IndexPairCorr
  0.85JAAPX Alternative AssetPairCorr
  1.0JRTBX Retirement Living ThroughPairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.84JAARX Alternative AssetPairCorr
  1.0JRTDX Multi Index 2025PairCorr
  0.96JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.85JAASX Alternative AssetPairCorr
  0.96JRTIX Multi Index 2030PairCorr
  0.74JAAVX Jhancock MultimanagerPairCorr
  0.91JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FRBCX
+ 1.0
FRBAX
JRBFX
+ 1.0
FRBAX
JRGRX
+ 1.0
FRBAX
JRBFX
+ 1.0
FRBCX
JRGRX
+ 1.0
FRBCX
JQLGX
+ 1.0
JQLAX
  
High negative correlations   
JRGRX
- 0.08
JQLCX
JRBFX
- 0.08
JQLCX
JQLCX
- 0.08
FRBCX
JQLCX
- 0.08
FRBAX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.24  0.00  0.10  0.13  1.08 
(1.58)
 2.76 
(1.88)
 15.75 
FRBCX  1.24 (0.01) 0.10  0.12  1.08 
(1.57)
 2.74 
(1.92)
 15.70 
JQLMX  0.25 (0.02)(0.30) 0.07  0.26 
(0.26)
 0.56 
(0.56)
 1.43 
JQLBX  0.34 (0.02)(0.17) 0.08  0.38 
(0.39)
 0.66 
(0.72)
 2.06 
JQLAX  0.53 (0.03)(0.08) 0.09  0.59 
(0.57)
 1.07 
(0.93)
 3.11 
JQLCX  0.16 (0.01)(0.46) 0.08  0.13 
(0.20)
 0.34 
(0.33)
 1.00 
JQLGX  0.45 (0.03)(0.12) 0.08  0.52 
(0.50)
 0.90 
(0.81)
 2.65 
JRBFX  1.24  0.00  0.10  0.13  1.08 
(1.58)
 2.73 
(1.92)
 15.74 
JRETX  0.53 (0.02)(0.07) 0.10  0.58 
(0.63)
 1.07 
(0.98)
 3.08 
JRGRX  1.24  0.00  0.10  0.13  1.08 
(1.58)
 2.76 
(1.85)
 15.70 

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