Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Aggressive
JSLAX Fund  USD 14.83  0.02  0.13%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.55 (i.e., Very 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

Very weak diversification

The correlation between Multimanager Lifestyle Aggress and DJI is 0.57 (i.e., Very weak 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

  0.75FRBAX Regional BankPairCorr
  0.74FRBCX Regional BankPairCorr
  0.91JQLMX Multimanager LifestylePairCorr
  0.94JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.87JQLCX Multimanager LifestylePairCorr
  0.9JQLGX Multimanager LifestylePairCorr
  0.75JRBFX Regional BankPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.75JRGRX Regional BankPairCorr
  0.87JRLDX Retirement Living ThroughPairCorr
  0.88JRLFX Multi Index 2010PairCorr
  0.89JRLIX Retirement Living ThroughPairCorr
  0.87JRLHX Retirement Living ThroughPairCorr
  0.9JRLKX Multi Index 2015PairCorr
  0.89JRLLX Retirement Living ThroughPairCorr
  0.91JRLOX Retirement Living ThroughPairCorr
  0.92JRLQX Retirement Living ThroughPairCorr
  0.92JRLPX Multi Index 2020PairCorr
  0.92JRLUX Multi Index 2045PairCorr
  0.91JRLWX Retirement Living ThroughPairCorr
  0.92JRLVX Retirement Living ThroughPairCorr
  0.91JRLZX Retirement Living ThroughPairCorr
  0.99JROUX J Hancock IiPairCorr
  0.91JRODX J Hancock IiPairCorr
  0.97JAAFX Jhancock Multi IndexPairCorr
  0.97JAAJX Jhancock Multi IndexPairCorr
  0.97JAAKX Jhancock Multi IndexPairCorr
  0.92JRTBX Retirement Living ThroughPairCorr
  0.91JRTAX Retirement Living ThroughPairCorr
  0.92JRTDX Multi Index 2025PairCorr
  0.93JRTGX Retirement Living ThroughPairCorr
  0.92JRTFX Retirement Living ThroughPairCorr
  0.94JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.93JRTKX 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.88 
(2.10)
 7.89 
FRBCX  1.03 (0.21) 0.00 (0.22) 0.00 
 0.00 
 1.86 
(2.13)
 8.38 
JQLMX  0.26  0.01  0.02  0.05  0.32 
(0.29)
 0.57 
(0.41)
 1.94 
JQLBX  0.34  0.01  0.01  0.03  0.49 
(0.36)
 0.60 
(0.58)
 2.43 
JQLAX  0.52 (0.02) 0.00 (0.02) 0.00 
 0.00 
 0.90 
(1.45)
 3.48 
JQLCX  0.17  0.01  0.03  0.09  0.17 
(0.22)
 0.42 
(0.34)
 1.35 
JQLGX  0.44  0.01  0.00 (0.22) 0.67 
(0.45)
 0.79 
(1.20)
 3.07 
JRBFX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.84 
(2.10)
 7.93 
JRETX  0.53 (0.01)(0.01)(0.01) 0.83 
(0.54)
 0.99 
(1.46)
 3.37 
JRGRX  1.02 (0.20) 0.00 (0.21) 0.00 
 0.00 
 1.84 
(2.13)
 7.96 

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