Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Aggressive
JSLAX Fund  USD 14.84  0.02  0.13%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.6 (i.e., Poor 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

Average diversification

The correlation between Multimanager Lifestyle Aggress and DJI is 0.11 (i.e., Average 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

  0.77FRBAX Regional BankPairCorr
  0.77FRBCX Regional BankPairCorr
  0.65JQLMX Multimanager LifestylePairCorr
  0.95JQLBX Multimanager LifestylePairCorr
  1.0JQLAX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  0.77JRBFX Regional BankPairCorr
  0.99JRETX J Hancock IiPairCorr
  0.77JRGRX Regional BankPairCorr
  0.72JRLOX Retirement Living ThroughPairCorr
  0.89JRLQX Retirement Living ThroughPairCorr
  0.88JRLUX Multi Index 2045PairCorr
  0.99JRLWX Retirement Living ThroughPairCorr
  0.89JRLVX Retirement Living ThroughPairCorr
  0.89JRLZX Retirement Living ThroughPairCorr
  0.89JROUX J Hancock IiPairCorr
  0.89JRODX J Hancock IiPairCorr
  0.99JAAFX Jhancock Multi IndexPairCorr
  0.99JAAJX Jhancock Multi IndexPairCorr
  0.88JAAIX Alternative AssetPairCorr
  0.99JAAKX Jhancock Multi IndexPairCorr
  0.84JAAPX Alternative AssetPairCorr
  0.79JRTBX Retirement Living ThroughPairCorr
  0.88JAARX Alternative AssetPairCorr
  0.64JRTDX Multi Index 2025PairCorr
  0.76JRTGX Retirement Living ThroughPairCorr
  0.66JRTFX Retirement Living ThroughPairCorr
  0.84JAASX Alternative AssetPairCorr
  0.76JRTIX Multi Index 2030PairCorr
  0.99JAAVX Jhancock MultimanagerPairCorr
  0.82JRTKX 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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