Multimanager Lifestyle Correlations

Mutual Funds . USA . 
Fund . Multimanager Lifestyle Servative
JTOIX Fund  USD 12.34  0.03  0.24%   
The current 90-days correlation between Multimanager Lifestyle and Regional Bank Fund is 0.52 (i.e., Very weak 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

Poor diversification

The correlation between Multimanager Lifestyle Servati and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multimanager Lifestyle Servati 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 Servative. 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 gross domestic product.

Moving together with Multimanager Mutual Fund

  0.97JQLAX Multimanager LifestylePairCorr
  1.0JQLCX Multimanager LifestylePairCorr
  0.99JRTAX Retirement Living ThroughPairCorr
  0.99JSLMX Multimanager LifestylePairCorr
  0.96JSNIX Jhancock Short DurationPairCorr
  0.97JTGIX Multimanager LifestylePairCorr
  0.97JTLAX Multimanager LifestylePairCorr
  0.99JTMIX Multimanager LifestylePairCorr
  0.99JTLMX Multimanager LifestylePairCorr
  1.0JTLRX Multimanager LifestylePairCorr
  0.98JTSBX Multimanager LifestylePairCorr
  0.96JCLAX Multimanager LifestylePairCorr
  1.0JCLCX Multimanager LifestylePairCorr
  0.85JDIBX John Hancock DisciplinedPairCorr
  0.87JDISX John Hancock DisciplinedPairCorr
  0.88JDITX John Hancock DisciplinedPairCorr
  0.88JDIVX John Hancock DisciplinedPairCorr
  0.88JDVIX John Hancock DisciplinedPairCorr
  0.95JDVNX Jhancock DisciplinedPairCorr
  0.94JVMCX John Hancock DisciplinedPairCorr
  0.95JVLIX John Hancock DisciplinedPairCorr
  0.87JEEFX John Hancock EnduringPairCorr
  0.96JEVNX Emerging MarketsPairCorr
  0.92JFCIX Fundamental All CapPairCorr
  0.88JFIAX Floating Rate IncomePairCorr
  0.88JFIGX Floating Rate IncomePairCorr
  0.62JFIFX Financial IndustriesPairCorr
  0.93JGECX Jhancock Global EquityPairCorr
  0.94JGEFX Global EquityPairCorr
  0.97JHAUX John Hancock FundsPairCorr
  0.62FIDAX Financial IndustriesPairCorr
  0.9JHJRX John Hancock EsgPairCorr
  0.97JHRTX Retirement Living ThroughPairCorr
  0.93JHSFX John Hancock MunicipalPairCorr
  0.89JIGHX John Hancock FundsPairCorr
  0.99JIPCX Strategic Income OppPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FRBAX  0.99  0.04  0.07  0.11  0.99 
(1.14)
 2.46 
(1.84)
 6.10 
FRBCX  0.99  0.03  0.07  0.11  0.99 
(1.14)
 2.43 
(1.86)
 6.14 
JQLMX  0.22  0.03 (0.10) 0.17  0.00 
(0.27)
 0.56 
(0.39)
 1.32 
JQLBX  0.29  0.03 (0.05) 0.15  0.10 
(0.34)
 0.80 
(0.49)
 1.68 
JQLAX  0.43  0.03  0.01  0.13  0.38 
(0.46)
 1.19 
(0.79)
 2.48 
JQLCX  0.15  0.03 (0.20) 0.26  0.00 
(0.21)
 0.34 
(0.25)
 0.90 
JQLGX  0.37  0.03 (0.01) 0.13  0.27 
(0.44)
 1.03 
(0.62)
 2.10 
JRBFX  1.00  0.03  0.08  0.11  0.98 
(1.16)
 2.46 
(1.85)
 6.14 
JRETX  0.44  0.03  0.02  0.13  0.37 
(0.51)
 1.25 
(0.83)
 2.53 
JRGRX  1.00  0.03  0.07  0.11  0.99 
(1.15)
 2.46 
(1.85)
 6.14 

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