Multimanager Lifestyle Correlations

JSLMX Fund

USD 12.87 0.01 0.08%

The current 90-days correlation between Multimanager Lifestyle and Franklin Adjustable Government is -0.01 (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

Good diversification

The correlation between Multimanager Lifestyle Moderat and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Moderat 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 Moderate. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving against Multimanager Mutual Fund

0.64	JQLAX	Multimanager Lifestyle	Pair Corr
0.64	JQLGX	Multimanager Lifestyle	Pair Corr
0.63	JQLBX	Multimanager Lifestyle	Pair Corr
0.57	JQLMX	Multimanager Lifestyle	Pair Corr
0.34	JRLQX	Retirement Living Through	Pair Corr
0.49	JROUX	J Hancock Ii	Pair Corr
0.34	JRLUX	Multi Index 2045	Pair Corr
0.34	JRLVX	Retirement Living Through	Pair Corr
0.34	JRODX	J Hancock Ii	Pair Corr
0.32	JRLWX	Retirement Living Through	Pair Corr
0.32	JRLZX	Retirement Living Through	Pair Corr
0.32	JAAFX	Jhancock Multi Index	Pair Corr
0.32	JAAKX	Jhancock Multi Index	Pair Corr
0.45	JABQX	John Hancock Funds	Pair Corr
0.4	JABPX	John Hancock Funds	Pair Corr
0.34	JABZX	John Hancock Global	Pair Corr
0.32	JRTYX	Multi Index 2050	Pair Corr
0.32	JACBX	John Hancock Mid	Pair Corr

Related Correlations Analysis

	SDGFX	SSAGX	PBMXX	FGUSX	MXDQX	UGSFX	FCSCX
SDGFX		0.97	0.0	0.96	0.47	0.62	0.97	SDGFX
SSAGX	0.97		0.0	0.99	0.38	0.51	0.96	SSAGX
PBMXX	0.0	0.0		0.0	0.0	0.0	0.0	PBMXX
FGUSX	0.96	0.99	0.0		0.38	0.49	0.95	FGUSX
MXDQX	0.47	0.38	0.0	0.38		0.86	0.36	MXDQX
UGSFX	0.62	0.51	0.0	0.49	0.86		0.53	UGSFX
FCSCX	0.97	0.96	0.0	0.95	0.36	0.53		FCSCX
	SDGFX	SSAGX	PBMXX	FGUSX	MXDQX	UGSFX	FCSCX

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

FGUSX	+ 0.99	SSAGX
SSAGX	+ 0.97	SDGFX
FCSCX	+ 0.97	SDGFX
FGUSX	+ 0.96	SDGFX
FCSCX	+ 0.96	SSAGX
FCSCX	+ 0.95	FGUSX

High negative correlations

FCSCX	- 0.0	PBMXX
UGSFX	- 0.0	PBMXX
MXDQX	- 0.0	PBMXX
FGUSX	- 0.0	PBMXX
PBMXX	- 0.0	SSAGX
PBMXX	- 0.0	SDGFX

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
SDGFX	0.06	0.00	(0.58)	0.17	0.00	(0.14)	0.20	(0.10)	0.39
SSAGX	0.05	0.01	0.00	(1.83)	0.00	0.00	0.10	(0.10)	0.51
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FGUSX	0.05	0.01	0.00	1.48	0.00	0.00	0.10	(0.10)	0.51
MXDQX	0.15	(0.01)	(0.36)	(0.20)	0.17	(0.19)	0.25	(0.24)	0.74
UGSFX	0.13	(0.01)	0.00	(0.33)	0.00	0.00	0.25	(0.25)	0.58
FCSCX	0.05	0.00	(0.44)	1.73	0.00	(0.19)	0.13	(0.13)	0.53

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