Retirement Living Correlations

JHRDX Fund  USD 10.88  0.06  0.55%   
The current 90-days correlation between Retirement Living Through and Federated Government Income is 0.37 (i.e., Weak 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

Very weak diversification

The correlation between Retirement Living Through and DJI is 0.43 (i.e., Very weak 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 unemployment.

Moving together with Retirement Mutual Fund

  0.79FRBAX Regional BankPairCorr
  0.78FRBCX Regional BankPairCorr
  0.97JQLMX Multimanager LifestylePairCorr
  0.97JQLBX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.95JQLCX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.79JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.79JRGRX Regional BankPairCorr
  0.96JRLFX Multi Index 2010PairCorr
  0.96JRLIX Retirement Living ThroughPairCorr
  0.95JRLHX Retirement Living ThroughPairCorr
  0.96JRLKX Multi Index 2015PairCorr
  0.96JRLLX Retirement Living ThroughPairCorr
  0.97JRLOX Retirement Living ThroughPairCorr
  0.96JRLQX Retirement Living ThroughPairCorr
  0.97JRLUX Multi Index 2045PairCorr
  0.95JRLWX Retirement Living ThroughPairCorr
  0.96JRLVX Retirement Living ThroughPairCorr
  0.95JRLZX Retirement Living ThroughPairCorr
  0.95JRODX J Hancock IiPairCorr
  0.98JAAFX Jhancock Multi IndexPairCorr
  0.98JAAJX Jhancock Multi IndexPairCorr
  0.98JAAKX Jhancock Multi IndexPairCorr
  0.97JRTDX Multi Index 2025PairCorr
  0.98JRTGX Retirement Living ThroughPairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.98JRTJX Retirement Living ThroughPairCorr
  0.98JRTNX Retirement Living ThroughPairCorr
  0.97JRTTX Retirement Living ThroughPairCorr
  0.99JABBX Jhancock MultimanagerPairCorr
  0.99JABEX Jhancock MultimanagerPairCorr
  0.98JRTVX Multi Index 2040PairCorr

Related Correlations Analysis

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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   
FITSXFICMX
WMBDXFICMX
BIGLXFICMX
FITSXWMBDX
BIGLXWMBDX
BIGLXFITSX
  
High negative correlations   
BIGLXSWGXX
SWGXXFITSX
SWGXXWMBDX
SWGXXFICMX
SWGXXUSGFX
FITSXSIGVX

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.