Multi Index Correlations

Mutual Funds . USA . 
Fund . Multi Index 2010 Lifetime
JRLFX Fund  USD 9.99  0.02  0.20%   
The current 90-days correlation between Multi Index 2010 and Clearbridge Energy Mlp is 0.3 (i.e., Weak diversification). The correlation of Multi Index 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.

Multi Index Correlation With Market

Weak diversification

The correlation between Multi Index 2010 Lifetime 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 Multi Index 2010 Lifetime 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 Multi Index 2010 Lifetime. 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 census.

Moving together with Multi Mutual Fund

  0.7FRBAX Regional BankPairCorr
  0.71FRBCX Regional BankPairCorr
  0.99JQLMX Multimanager LifestylePairCorr
  0.97JQLBX Multimanager LifestylePairCorr
  0.93JQLAX Multimanager LifestylePairCorr
  0.99JQLCX Multimanager LifestylePairCorr
  0.95JQLGX Multimanager LifestylePairCorr
  0.7JRBFX Regional BankPairCorr
  0.89JRETX J Hancock IiPairCorr
  0.7JRGRX Regional BankPairCorr
  1.0JRLDX Retirement Living ThroughPairCorr
  1.0JRLIX Retirement Living ThroughPairCorr
  1.0JRLHX Retirement Living ThroughPairCorr
  1.0JRLKX Multi Index 2015PairCorr
  1.0JRLLX Retirement Living ThroughPairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  0.84JRLQX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.92JRLUX Multi Index 2045PairCorr
  0.89JRLWX Retirement Living ThroughPairCorr
  0.91JRLVX Retirement Living ThroughPairCorr
  0.89JRLZX Retirement Living ThroughPairCorr
  0.84JROUX J Hancock IiPairCorr
  0.89JRODX J Hancock IiPairCorr
  0.89JAAFX Jhancock Multi IndexPairCorr
  0.85JAAJX Jhancock Multi IndexPairCorr
  0.85JAAKX Jhancock Multi IndexPairCorr
  0.99JRTBX Retirement Living ThroughPairCorr
  1.0JRTAX Retirement Living ThroughPairCorr
  0.99JRTDX Multi Index 2025PairCorr
  0.98JRTGX Retirement Living ThroughPairCorr
  0.99JRTFX Retirement Living ThroughPairCorr
  0.98JRTIX Multi Index 2030PairCorr
  0.89JAAVX Jhancock MultimanagerPairCorr
  0.97JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Multi Mutual Fund performing well and Multi Index 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 Multi Index'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