Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Balanced
JQLBX Fund  USD 13.50  0.06  0.45%   
The current 90-days correlation between Multimanager Lifestyle and Tax Managed Mid Small is 0.84 (i.e., Very poor 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

Weak diversification

The correlation between Multimanager Lifestyle Balance and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Balance 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 Balanced. 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 bureau of labor statistics.

Moving together with Multimanager Mutual Fund

  0.8FRBAX Regional BankPairCorr
  0.8FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.98JQLAX Multimanager LifestylePairCorr
  0.97JQLCX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.8JRBFX Regional BankPairCorr
  0.96JRETX J Hancock IiPairCorr
  0.8JRGRX Regional BankPairCorr
  0.97JRLDX Retirement Living ThroughPairCorr
  0.97JRLFX Multi Index 2010PairCorr
  0.98JRLIX Retirement Living ThroughPairCorr
  0.96JRLHX Retirement Living ThroughPairCorr
  0.97JRLKX Multi Index 2015PairCorr
  0.98JRLLX Retirement Living ThroughPairCorr
  0.98JRLOX Retirement Living ThroughPairCorr
  0.89JRLQX Retirement Living ThroughPairCorr
  0.98JRLPX Multi Index 2020PairCorr
  0.98JRLUX Multi Index 2045PairCorr
  0.97JRLWX Retirement Living ThroughPairCorr
  0.98JRLVX Retirement Living ThroughPairCorr
  0.97JRLZX Retirement Living ThroughPairCorr
  0.89JROUX J Hancock IiPairCorr
  0.97JRODX J Hancock IiPairCorr
  0.94JAAFX Jhancock Multi IndexPairCorr
  0.88JAAJX Jhancock Multi IndexPairCorr
  0.65JAAIX Alternative AssetPairCorr
  0.88JAAKX Jhancock Multi IndexPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  0.98JRTAX Retirement Living ThroughPairCorr
  0.64JAARX Alternative AssetPairCorr
  0.98JRTDX Multi Index 2025PairCorr
  0.99JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.67JAASX Alternative AssetPairCorr
  0.99JRTIX Multi Index 2030PairCorr
  0.95JAAVX Jhancock MultimanagerPairCorr
  1.0JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY