Multi-index 2035 Correlations

JRTMX Fund

USD 15.01 0.01 0.07%

The current 90-days correlation between Multi Index 2035 and Oklahoma Municipal Fund is 0.15 (i.e., Average diversification). The correlation of Multi-index 2035 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.

Multi-index 2035 Correlation With Market

Average diversification

The correlation between Multi Index 2035 Lifetime 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 Multi Index 2035 Lifetime 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 Multi Index 2035 Lifetime. 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 Multi-index Mutual Fund

0.87	JQLMX	Multimanager Lifestyle	Pair Corr
0.88	JQLBX	Multimanager Lifestyle	Pair Corr
0.97	JQLAX	Multimanager Lifestyle	Pair Corr
0.85	JQLCX	Multimanager Lifestyle	Pair Corr
0.86	JQLGX	Multimanager Lifestyle	Pair Corr
0.87	JRETX	J Hancock Ii	Pair Corr
0.96	JRLDX	Retirement Living Through	Pair Corr
0.86	JRLIX	Retirement Living Through	Pair Corr
0.84	JRLHX	Retirement Living Through	Pair Corr
0.86	JRLLX	Retirement Living Through	Pair Corr
0.61	JRLOX	Retirement Living Through	Pair Corr
0.64	JRLQX	Retirement Living Through	Pair Corr
0.63	JRLPX	Multi Index 2020	Pair Corr
0.66	JRLUX	Multi Index 2045	Pair Corr
0.65	JRLWX	Retirement Living Through	Pair Corr
1.0	JRLVX	Retirement Living Through	Pair Corr
0.65	JRLZX	Retirement Living Through	Pair Corr
0.87	JROUX	J Hancock Ii	Pair Corr
0.89	JRODX	J Hancock Ii	Pair Corr
0.66	JAAFX	Jhancock Multi Index	Pair Corr
0.65	JAAJX	Jhancock Multi Index	Pair Corr
0.93	JAAIX	Alternative Asset	Pair Corr
1.0	JAAKX	Jhancock Multi Index	Pair Corr
0.61	JAAPX	Alternative Asset	Pair Corr
0.62	JRTBX	Retirement Living Through	Pair Corr
0.61	JRTAX	Retirement Living Through	Pair Corr
0.64	JRTDX	Multi Index 2025	Pair Corr
0.89	JRTGX	Retirement Living Through	Pair Corr
0.63	JRTFX	Retirement Living Through	Pair Corr
0.64	JRTIX	Multi Index 2030	Pair Corr
0.98	JAAVX	Jhancock Multimanager	Pair Corr
0.89	JRTKX	Retirement Living Through	Pair Corr

Moving against Multi-index Mutual Fund

0.31	JRBFX	Regional Bank	Pair Corr
0.31	JRGRX	Regional Bank	Pair Corr

Related Correlations Analysis

	OKMUX	FHTFX	PTIMX	XAFBX	MSPYX	TIMTX	AMHIX	NSIOX
OKMUX		0.97	0.98	0.89	0.98	0.99	0.98	0.98	OKMUX
FHTFX	0.97		0.97	0.95	0.99	0.99	0.98	0.97	FHTFX
PTIMX	0.98	0.97		0.92	0.98	0.99	0.98	0.98	PTIMX
XAFBX	0.89	0.95	0.92		0.96	0.92	0.95	0.9	XAFBX
MSPYX	0.98	0.99	0.98	0.96		0.99	1.0	0.97	MSPYX
TIMTX	0.99	0.99	0.99	0.92	0.99		0.99	0.98	TIMTX
AMHIX	0.98	0.98	0.98	0.95	1.0	0.99		0.97	AMHIX
NSIOX	0.98	0.97	0.98	0.9	0.97	0.98	0.97		NSIOX
	OKMUX	FHTFX	PTIMX	XAFBX	MSPYX	TIMTX	AMHIX	NSIOX

Risk-Adjusted Indicators

There is a big difference between Multi-index Mutual Fund performing well and Multi-index 2035 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 Multi-index 2035'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OKMUX	0.11	0.06	(0.08)	9.32	(0.20)	0.30	(0.10)	0.88
FHTFX	0.13	0.05	(0.08)	1.94	(0.23)	0.38	(0.13)	1.16
PTIMX	0.12	0.06	(0.09)	(3.20)	(0.15)	0.36	(0.22)	0.99
XAFBX	0.23	0.08	0.05	1.00	(0.34)	0.84	(0.33)	2.26
MSPYX	0.13	0.06	(0.06)	10.26	(0.24)	0.42	(0.20)	1.05
TIMTX	0.10	0.04	(0.24)	2.05	(0.16)	0.28	(0.09)	0.67
AMHIX	0.13	0.05	(0.11)	3.94	(0.21)	0.40	(0.20)	1.01
NSIOX	0.13	0.04	(0.20)	10.43	(0.20)	0.31	(0.20)	0.93

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