Multimanager Lifestyle Correlations

JTLAX Fund

USD 15.14 0.10 0.66%

The current 90-days correlation between Multimanager Lifestyle and Transamerica Intermediate Muni is 0.04 (i.e., Significant 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 0.42 (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

0.82	FRBCX	Regional Bank	Pair Corr
0.82	JRGRX	Regional Bank	Pair Corr
0.74	JSCNX	John Hancock Ii	Pair Corr
0.84	JBGAX	Blue Chip Growth	Pair Corr
0.91	JBSOX	New Opportunities	Pair Corr
0.72	JTMRX	John Hancock Tax	Pair Corr
0.79	TIUSX	John Hancock Investment	Pair Corr
0.71	JDVNX	Jhancock Disciplined	Pair Corr
0.71	JVLIX	John Hancock Disciplined	Pair Corr
0.85	JFDRX	Financial Industries	Pair Corr
0.62	JFGFX	Fundamental Global	Pair Corr
0.67	JGECX	Jhancock Global Equity	Pair Corr
0.68	JGEFX	Global Equity	Pair Corr
0.74	JGIFX	John Hancock Government	Pair Corr
0.73	JYEBX	Jhancock Real Estate	Pair Corr
0.74	JGYIX	John Hancock Global	Pair Corr
0.73	JHFMX	Jhancock Mgd Acct	Pair Corr
0.85	FIDAX	Financial Industries	Pair Corr
0.82	FIDCX	Financial Industries	Pair Corr
0.98	JIIOX	Lifestyle Ii Aggressive	Pair Corr
0.93	JLAEX	Retirement Living Through	Pair Corr
0.76	TAGRX	Fundamental Large Cap	Pair Corr
1.0	JLJEX	Retirement Living Through	Pair Corr
0.96	JLMOX	Lifestyle Ii Moderate	Pair Corr
0.88	CGRGX	American Funds Growth	Pair Corr
0.88	FPGGX	American Funds Growth	Pair Corr
0.88	FGPGX	American Funds Growth	Pair Corr
0.76	MUTHX	Franklin Mutual Shares	Pair Corr
0.75	TESRX	Franklin Mutual Shares	Pair Corr
0.76	FMSHX	Franklin Mutual Shares	Pair Corr
0.87	GWPCX	American Funds Growth	Pair Corr
0.88	GWPFX	American Funds Growth	Pair Corr
0.88	GWPAX	American Funds Growth	Pair Corr
0.88	CGQGX	American Funds Growth	Pair Corr
0.73	VSTSX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	TIMTX	FICMX	BBINX	LGRXX	MSTPX
TIMTX		0.82	0.91	0.0	0.99	TIMTX
FICMX	0.82		0.68	0.0	0.81	FICMX
BBINX	0.91	0.68		0.0	0.91	BBINX
LGRXX	0.0	0.0	0.0		0.0	LGRXX
MSTPX	0.99	0.81	0.91	0.0		MSTPX
	TIMTX	FICMX	BBINX	LGRXX	MSTPX

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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

MSTPX	+ 0.99	TIMTX
BBINX	+ 0.91	TIMTX
MSTPX	+ 0.91	BBINX
FICMX	+ 0.82	TIMTX
MSTPX	+ 0.81	FICMX
BBINX	+ 0.68	FICMX

High negative correlations

MSTPX	- 0.0	LGRXX
LGRXX	- 0.0	BBINX
LGRXX	- 0.0	FICMX
LGRXX	- 0.0	TIMTX

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
TIMTX	0.19	0.00	(0.21)	0.06	0.25	(0.25)	0.38	(0.46)	1.50
FICMX	0.26	(0.02)	0.00	(0.13)	0.00	0.00	0.57	(0.57)	1.72
BBINX	0.14	0.00	(0.27)	0.87	0.17	(0.20)	0.30	(0.29)	1.27
LGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTPX	0.14	0.00	(0.27)	0.06	0.18	(0.19)	0.30	(0.30)	1.31

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