Multimanager Lifestyle Correlations

JQLMX Fund

USD 13.24 0.04 0.30%

The current 90-days correlation between Multimanager Lifestyle and Diamond Hill Long Short is 0.12 (i.e., Average 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 Moderat and DJI is 0.81 (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 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 signals in industry.

Moving together with Multimanager Mutual Fund

0.98	JROUX	J Hancock Ii	Pair Corr
0.85	JAAIX	Alternative Asset	Pair Corr
0.99	JRTGX	Retirement Living Through	Pair Corr
0.92	JABKX	John Hancock Funds	Pair Corr
0.88	JALBX	Multimanager Lifestyle	Pair Corr
0.76	JSJFX	Small Cap Growth	Pair Corr
0.63	JSNIX	Jhancock Short Duration	Pair Corr
0.82	JCTFX	John Hancock High	Pair Corr
0.67	JGECX	Jhancock Global Equity	Pair Corr
0.8	JGEFX	Global Equity	Pair Corr
0.98	JGHTX	J Hancock Ii	Pair Corr
0.64	JYEBX	Jhancock Real Estate	Pair Corr
0.74	JHSFX	John Hancock Municipal	Pair Corr
0.98	JILAX	Multimanager Lifestyle	Pair Corr
0.84	JIJCX	John Hancock Interna	Pair Corr
0.83	TAGRX	Fundamental Large Cap	Pair Corr
0.82	VWINX	Vanguard Wellesley Income	Pair Corr
0.83	VWIAX	Vanguard Wellesley Income	Pair Corr
0.95	BKMIX	Blackrock Multi Asset	Pair Corr
0.78	HBLTX	Hartford Balanced	Pair Corr
0.77	HBLRX	Hartford Balanced	Pair Corr
0.77	HBLSX	Hartford Balanced	Pair Corr
0.78	HBLVX	Hartford Balanced	Pair Corr
0.76	HBLYX	Hartford Balanced	Pair Corr
0.74	HBLCX	Hartford Balanced	Pair Corr
0.76	HBLIX	Hartford Balanced	Pair Corr
0.8	BTMPX	Ishares Msci Eafe	Pair Corr
0.93	BTMKX	Blackrock International	Pair Corr
0.93	MDIIX	Blackrock Intern Index	Pair Corr
0.78	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.73	TEDLX	Tiaa Cref Emerging	Pair Corr
0.99	JSPCX	Janus Global Allocation	Pair Corr

Moving against Multimanager Mutual Fund

0.34	FIDCX	Financial Industries	Pair Corr
0.32	FIDAX	Financial Industries	Pair Corr
0.44	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.34	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.32	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.31	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	DIAYX	FBJYGX	VOLJX	FFCGX	HDCAX	OPTCX
DIAYX		0.88	0.74	0.66	0.8	0.88	DIAYX
FBJYGX	0.88		0.81	0.78	0.87	0.9	FBJYGX
VOLJX	0.74	0.81		0.95	0.84	0.83	VOLJX
FFCGX	0.66	0.78	0.95		0.77	0.82	FFCGX
HDCAX	0.8	0.87	0.84	0.77		0.85	HDCAX
OPTCX	0.88	0.9	0.83	0.82	0.85		OPTCX
	DIAYX	FBJYGX	VOLJX	FFCGX	HDCAX	OPTCX

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
DIAYX	0.30	0.05	0.00	1.32	0.19	(0.32)	0.65	(0.48)	1.85
FBJYGX	0.57	0.06	0.01	0.69	0.75	(0.60)	1.26	(1.26)	3.24
VOLJX	0.57	0.03	0.02	0.09	0.91	(0.56)	1.36	(1.22)	3.88
FFCGX	0.54	0.01	0.00	0.07	0.82	(0.51)	1.02	(1.31)	3.57
HDCAX	0.50	0.08	0.03	(72.21)	0.60	(0.54)	1.01	(1.00)	2.95
OPTCX	0.18	0.01	(0.17)	0.32	0.09	(0.23)	0.41	(0.30)	1.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC