Retirement Living Correlations

Mutual Funds . USA . 
Fund . Retirement Living Through
JLDIX Fund  USD 8.84  0.08  0.91%   
The current 90-days correlation between Retirement Living Through and Global Equity Fund is 0.88 (i.e., Very poor diversification). The correlation of Retirement Living 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.

Retirement Living Correlation With Market

Very poor diversification

The correlation between Retirement Living Through and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retirement Living Through 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 Retirement Living Through. 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 inflation.

Moving together with Retirement Mutual Fund

  1.0JQLMX Multimanager LifestylePairCorr
  0.99JQLAX Multimanager LifestylePairCorr
  0.99JQLGX Multimanager LifestylePairCorr
  1.0JRLKX Multi Index 2015PairCorr
  1.0JRLOX Retirement Living ThroughPairCorr
  1.0JRLPX Multi Index 2020PairCorr
  0.98JAAIX Alternative AssetPairCorr
  1.0JRTGX Retirement Living ThroughPairCorr
  1.0JRTIX Multi Index 2030PairCorr
  0.99JABDX Jhancock MultimanagerPairCorr
  0.99JRTTX Retirement Living ThroughPairCorr
  0.99JRTWX Retirement Living ThroughPairCorr
  0.99JRTVX Multi Index 2040PairCorr
  0.98JAAAX Alternative AssetPairCorr
  0.74JACLX John Hancock MidPairCorr
  0.99JRTYX Multi Index 2050PairCorr
  0.99JABPX John Hancock FundsPairCorr
  0.95JABTX John Hancock OpportuPairCorr
  0.76JACFX John Hancock MidPairCorr
  0.99JALGX Multimanager LifestylePairCorr
  0.98JSGRX John Hancock StrategicPairCorr
  0.95JSJAX Small Cap GrowthPairCorr
  0.95JSJCX Small Cap GrowthPairCorr
  0.95JSJIX Small Cap GrowthPairCorr
  1.0JSLCX Multimanager LifestylePairCorr
  0.94JSNIX Jhancock Short DurationPairCorr
  0.99SVBAX Balanced Fund ClassPairCorr
  0.99SVBIX Balanced Fund ClassPairCorr
  0.96JSTIX John Hancock IncomePairCorr
  0.92JBFRX John Hancock BondPairCorr
  0.98JBGAX Blue Chip GrowthPairCorr
  0.99JTGIX Multimanager LifestylePairCorr
  0.99JTLAX Multimanager LifestylePairCorr
  1.0JTMIX Multimanager LifestylePairCorr
  0.99JTLGX Multimanager LifestylePairCorr
  1.0JTLMX Multimanager LifestylePairCorr
  1.0JTOIX Multimanager LifestylePairCorr
  0.92TIUSX John Hancock InvestmentPairCorr
  0.97JCAVX John Hancock FundsPairCorr
  1.0JCLMX Multimanager LifestylePairCorr

Moving against Retirement Mutual Fund

  0.61JCTFX John Hancock HighPairCorr
  0.53JCTRX John Hancock HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Retirement Mutual Fund performing well and Retirement Living 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 Retirement Living'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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