Multimanager Lifestyle Correlations

JTLMX Fund

USD 13.04 0.04 0.31%

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 0.82 (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

0.79	FRBAX	Regional Bank	Pair Corr
0.78	FRBCX	Regional Bank	Pair Corr
1.0	JQLMX	Multimanager Lifestyle	Pair Corr
1.0	JQLBX	Multimanager Lifestyle	Pair Corr
0.99	JQLCX	Multimanager Lifestyle	Pair Corr
0.81	JRGRX	Regional Bank	Pair Corr
0.98	JRLDX	Retirement Living Through	Pair Corr
0.98	JRLFX	Multi Index 2010	Pair Corr
0.98	JRLIX	Retirement Living Through	Pair Corr
0.98	JRLHX	Retirement Living Through	Pair Corr
0.98	JRLKX	Multi Index 2015	Pair Corr
1.0	JRLLX	Retirement Living Through	Pair Corr
0.98	JRLOX	Retirement Living Through	Pair Corr
0.98	JRLPX	Multi Index 2020	Pair Corr
0.96	JRLWX	Retirement Living Through	Pair Corr
0.96	JRLVX	Retirement Living Through	Pair Corr
0.96	JAAJX	Jhancock Multi Index	Pair Corr
0.95	JAAIX	Alternative Asset	Pair Corr
0.99	JAAKX	Jhancock Multi Index	Pair Corr
0.98	JRTBX	Retirement Living Through	Pair Corr
0.97	JRTGX	Retirement Living Through	Pair Corr
0.93	JAASX	Alternative Asset	Pair Corr
0.97	JRTIX	Multi Index 2030	Pair Corr
0.97	JRTKX	Retirement Living Through	Pair Corr
0.94	JAAWX	Jhancock Multimanager	Pair Corr
0.97	JRTNX	Retirement Living Through	Pair Corr
0.96	JABBX	Jhancock Multimanager	Pair Corr
0.97	JRTWX	Retirement Living Through	Pair Corr
0.97	JRTVX	Multi Index 2040	Pair Corr
0.93	JAAAX	Alternative Asset	Pair Corr
0.94	JAACX	Alternative Asset	Pair Corr
0.61	JACJX	John Hancock Mid	Pair Corr
0.62	JACLX	John Hancock Mid	Pair Corr
0.97	JABJX	John Hancock Funds	Pair Corr
0.98	JABKX	John Hancock Funds	Pair Corr
0.95	JABPX	John Hancock Funds	Pair Corr
0.93	JABUX	John Hancock Opportu	Pair Corr
0.65	JACFX	John Hancock Mid	Pair Corr

Related Correlations Analysis

	JPLAX	JPLCX	JPLBX	JPLGX	JPLMX	JHLGX	JHLMX	JHLAX	JQLMX
JPLAX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	JPLAX
JPLCX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	JPLCX
JPLBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	JPLBX
JPLGX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	JPLGX
JPLMX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JPLMX
JHLGX	0.0	0.0	0.0	0.0	0.0		0.99	1.0	0.96	JHLGX
JHLMX	0.0	0.0	0.0	0.0	0.0	0.99		1.0	0.98	JHLMX
JHLAX	0.0	0.0	0.0	0.0	0.0	1.0	1.0		0.97	JHLAX
JQLMX	0.0	0.0	0.0	0.0	0.0	0.96	0.98	0.97		JQLMX
	JPLAX	JPLCX	JPLBX	JPLGX	JPLMX	JHLGX	JHLMX	JHLAX	JQLMX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JHLAX	+ 1.0	JHLGX
JHLAX	+ 1.0	JHLMX
JHLMX	+ 0.99	JHLGX
JQLMX	+ 0.98	JHLMX
JQLMX	+ 0.97	JHLAX
JQLMX	+ 0.96	JHLGX

High negative correlations

JQLMX	- 0.0	JPLMX
JHLAX	- 0.0	JPLMX
JHLMX	- 0.0	JPLMX
JHLGX	- 0.0	JPLMX
JQLMX	- 0.0	JPLGX
JHLAX	- 0.0	JPLGX

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
JPLAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPLCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPLBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPLGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JPLMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHLGX	0.38	0.10	(0.04)	(0.85)	0.26	(0.42)	1.02	(0.68)	2.09
JHLMX	0.22	0.07	(0.17)	(1.29)	0.00	(0.26)	0.56	(0.39)	1.32
JHLAX	0.30	0.08	(0.09)	(1.13)	0.07	(0.35)	0.80	(0.49)	1.75
JQLMX	0.22	0.02	(0.16)	0.17	0.00	(0.27)	0.56	(0.39)	1.32

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