Multimanager Lifestyle Related Correlations

JTGIX Fund

USD 13.25 0.12 0.90%

Generate correlation matrix for Multimanager Lifestyle and other related equities to check the degree to which Multimanager Lifestyle Growth price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Multimanager Lifestyle Growth. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Multimanager Lifestyle Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

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Please note, there is a significant difference between Multimanager Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Multimanager Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Multimanager Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JRBFX	JRETX	JRGRX
FRBAX		1.0	-0.11	-0.16	-0.16	0.0	1.0	-0.19	1.0	FRBAX
FRBCX	1.0		-0.13	-0.18	-0.18	-0.02	1.0	-0.21	1.0	FRBCX
JQLMX	-0.11	-0.13		1.0	0.95	0.97	-0.11	0.95	-0.1	JQLMX
JQLBX	-0.16	-0.18	1.0		0.97	0.95	-0.16	0.97	-0.15	JQLBX
JQLAX	-0.16	-0.18	0.95	0.97		0.87	-0.16	1.0	-0.15	JQLAX
JQLCX	0.0	-0.02	0.97	0.95	0.87		0.0	0.88	0.0	JQLCX
JRBFX	1.0	1.0	-0.11	-0.16	-0.16	0.0		-0.18	1.0	JRBFX
JRETX	-0.19	-0.21	0.95	0.97	1.0	0.88	-0.18		-0.18	JRETX
JRGRX	1.0	1.0	-0.1	-0.15	-0.15	0.0	1.0	-0.18		JRGRX
	FRBAX	FRBCX	JQLMX	JQLBX	JQLAX	JQLCX	JRBFX	JRETX	JRGRX

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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

FRBCX	+ 1.0	FRBAX
JRBFX	+ 1.0	FRBAX
JRGRX	+ 1.0	FRBAX
JRBFX	+ 1.0	FRBCX
JRGRX	+ 1.0	FRBCX
JQLBX	+ 1.0	JQLMX

High negative correlations

JRETX	- 0.21	FRBCX
JRETX	- 0.19	FRBAX
JRGRX	- 0.18	JRETX
JRETX	- 0.18	JRBFX
JQLAX	- 0.18	FRBCX
JQLBX	- 0.18	FRBCX

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
FRBAX	1.11	(0.11)	0.00	2.44	0.00	0.00	2.71	(2.54)	7.75
FRBCX	1.12	(0.11)	0.00	2.27	0.00	0.00	2.70	(2.52)	7.56
JQLMX	0.29	(0.01)	(0.08)	0.03	0.35	(0.33)	0.60	(0.67)	1.83
JQLBX	0.38	(0.01)	(0.04)	0.04	0.46	(0.40)	0.80	(0.85)	2.23
JQLAX	0.52	0.09	0.04	(15.90)	0.59	(0.55)	1.09	(1.21)	2.80
JQLCX	0.22	(0.02)	(0.14)	(0.01)	0.31	(0.26)	0.44	(0.52)	1.81
JRBFX	1.12	(0.10)	0.00	1.70	0.00	0.00	2.72	(2.55)	7.51
JRETX	0.52	0.09	0.05	2.96	0.55	(0.56)	1.01	(1.14)	2.74
JRGRX	1.12	(0.10)	0.00	1.68	0.00	0.00	2.67	(2.51)	7.51

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Multimanager Lifestyle Related Correlations

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