Multimanager Lifestyle Correlations

JILAX Fund

USD 14.48 0.23 1.56%

The current 90-days correlation between Multimanager Lifestyle and Pfg American Funds is -0.08 (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

Modest diversification

The correlation between Multimanager Lifestyle Aggress and DJI is 0.24 (i.e., Modest 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

0.81	CGRGX	American Funds Growth	Pair Corr
0.81	FPGGX	American Funds Growth	Pair Corr
0.81	FGPGX	American Funds Growth	Pair Corr
0.73	MUTHX	Franklin Mutual Shares	Pair Corr
0.72	TESRX	Franklin Mutual Shares	Pair Corr
0.73	FMSHX	Franklin Mutual Shares	Pair Corr
0.79	GWPCX	American Funds Growth	Pair Corr
0.81	GWPFX	American Funds Growth	Pair Corr
0.64	GWPAX	American Funds Growth	Pair Corr
0.81	CGQGX	American Funds Growth	Pair Corr
0.75	CSIIX	Columbia Small Cap	Pair Corr

Moving against Multimanager Mutual Fund

0.39

MRK

Merck Company Aggressive Push

Pair Corr

Related Correlations Analysis

	PFCOX	MXDPX	QDARX	ADDVX	FZABX	BICPX	GPTCX
PFCOX		0.86	0.51	0.94	0.88	0.98	0.94	PFCOX
MXDPX	0.86		0.25	0.79	0.89	0.91	0.91	MXDPX
QDARX	0.51	0.25		0.37	0.27	0.41	0.46	QDARX
ADDVX	0.94	0.79	0.37		0.83	0.91	0.81	ADDVX
FZABX	0.88	0.89	0.27	0.83		0.92	0.9	FZABX
BICPX	0.98	0.91	0.41	0.91	0.92		0.96	BICPX
GPTCX	0.94	0.91	0.46	0.81	0.9	0.96		GPTCX
	PFCOX	MXDPX	QDARX	ADDVX	FZABX	BICPX	GPTCX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFCOX	0.17	0.01	0.26	(0.01)	0.22	(0.24)	0.42	(0.32)	1.15
MXDPX	0.26	(0.03)	0.00	0.30	0.00	0.00	0.61	(0.49)	1.60
QDARX	0.08	0.03	0.98	20.71	0.00	(0.13)	0.25	(0.16)	0.49
ADDVX	0.24	0.01	0.26	0.06	0.26	(0.29)	0.55	(0.44)	1.45
FZABX	0.74	0.07	0.09	0.04	1.23	(0.68)	1.22	(1.37)	5.64
BICPX	0.23	0.02	0.23	0.00	0.28	(0.31)	0.54	(0.45)	1.71
GPTCX	0.30	0.02	0.00	(0.03)	0.00	0.00	0.54	(0.53)	2.04

Trending Assets

GPTCX

Guidepath(r) Conservative

11.30 -0.07 -0.62

QDARX

Aqr Diversified Arbitrage

12.36 0.02 0.16

PFCOX

Pfg American Funds

9.65 -0.02 -0.21

FZABX

Fidelity Advisor Div

27.49 -0.42 -1.5

BICPX

Blackrock Conservative

11.21 0.01 0.09

MXDPX

Great West Moderately

8.15 -0.04 -0.49

ADDVX

Diversified Bond

9.18 -0.01 -0.11

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