Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTHX Fund  USD 10.39  0.10  0.95%   
The current 90-days correlation between Mfs Lifetime 2065 and Mfs Prudent Investor is -0.09 (i.e., Good diversification). The correlation of Mfs Lifetime 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.

Mfs Lifetime Correlation With Market

Very poor diversification

The correlation between Mfs Lifetime 2065 and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2065 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Lifetime 2065. 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 rate.

Moving together with Mfs Mutual Fund

  0.67FPPJX Mfs Prudent InvestorPairCorr
  0.66FPPQX Mfs Prudent InvestorPairCorr
  0.64FPPRX Mfs Prudent InvestorPairCorr
  0.65FPPSX Mfs Prudent InvestorPairCorr
  0.67FPPUX Mfs Prudent InvestorPairCorr
  0.68FPPVX Mfs Prudent InvestorPairCorr
  1.0LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  1.0LFTGX Mfs Lifetime 2065PairCorr
  1.0LFTMX Mfs Lifetime 2065PairCorr
  1.0LFTNX Mfs Lifetime 2065PairCorr
  1.0LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.78HYPPX Mfs High YieldPairCorr
  0.95UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.94OTCHX Mfs Mid CapPairCorr
  0.94OTCIX Mfs Mid CapPairCorr
  0.94OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.89OTCGX Mfs Mid CapPairCorr
  0.74BRKBX Mfs Blended ResearchPairCorr
  0.74BRKCX Mfs Blended ResearchPairCorr
  0.75BRKAX Mfs Blended ResearchPairCorr
  0.94OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Lifetime 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 Mfs Lifetime'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.

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