Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Aggressive
JTLAX Fund  USD 15.57  0.08  0.52%   
The current 90-days correlation between Multimanager Lifestyle and American Funds Growth is 0.95 (i.e., Almost no 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 poor diversification

The correlation between Multimanager Lifestyle Aggress and DJI is 0.83 (i.e., Very poor 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

  0.71FRBAX Regional BankPairCorr
  0.71FRBCX Regional BankPairCorr
  0.76JQLMX Multimanager LifestylePairCorr
  0.96JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  1.0JQLGX Multimanager LifestylePairCorr
  0.71JRBFX Regional BankPairCorr
  1.0JRETX J Hancock IiPairCorr
  0.71JRGRX Regional BankPairCorr
  0.64JRLIX Retirement Living ThroughPairCorr
  0.62JRLKX Multi Index 2015PairCorr
  0.63JRLLX Retirement Living ThroughPairCorr
  0.72JRLOX Retirement Living ThroughPairCorr
  1.0JRLQX Retirement Living ThroughPairCorr
  0.71JRLPX Multi Index 2020PairCorr
  1.0JRLUX Multi Index 2045PairCorr
  1.0JRLWX Retirement Living ThroughPairCorr
  1.0JRLVX Retirement Living ThroughPairCorr
  1.0JRLZX Retirement Living ThroughPairCorr
  1.0JROUX J Hancock IiPairCorr
  1.0JRODX J Hancock IiPairCorr
  1.0JAAFX Jhancock Multi IndexPairCorr
  1.0JAAJX Jhancock Multi IndexPairCorr
  0.9JAAIX Alternative AssetPairCorr
  1.0JAAKX Jhancock Multi IndexPairCorr
  0.89JAAPX Alternative AssetPairCorr
  0.81JRTBX Retirement Living ThroughPairCorr
  0.71JRTAX Retirement Living ThroughPairCorr
  0.91JAARX Alternative AssetPairCorr
  0.8JRTDX Multi Index 2025PairCorr
  0.92JRTGX Retirement Living ThroughPairCorr
  0.81JRTFX Retirement Living ThroughPairCorr
  0.9JAASX Alternative AssetPairCorr
  0.92JRTIX Multi Index 2030PairCorr
  1.0JAAVX Jhancock MultimanagerPairCorr
  0.96JRTKX Retirement Living ThroughPairCorr

Related Correlations Analysis

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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.

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