Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTHX Fund  USD 11.33  0.14  1.22%   
The current 90-days correlation between Mfs Lifetime 2065 and Franklin Mutual Global is 0.03 (i.e., Significant 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 0.84 (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 census.

Moving together with Mfs Mutual Fund

  0.89LFTFX 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
  0.8HYPPX Mfs High YieldPairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.85UIVCX Mfs Intrinsic ValuePairCorr
  0.87UIVPX Mfs Intrinsic ValuePairCorr
  0.73UIVQX Mfs Intrinsic ValuePairCorr
  0.87UIVNX Mfs Intrinsic ValuePairCorr
  0.85UIVMX Mfs Intrinsic ValuePairCorr
  0.73UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.8MKVCX Mfs International LargePairCorr
  0.73MKVBX Mfs International LargePairCorr
  0.81MKVGX Mfs International LargePairCorr
  0.81MKVFX Mfs International LargePairCorr
  0.81MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.81MKVIX Mfs International LargePairCorr
  0.81MKVHX Mfs Series TrustPairCorr
  0.82BRKBX Mfs Blended ResearchPairCorr
  0.88BRKCX Mfs Blended ResearchPairCorr
  0.82BRKAX Mfs Blended ResearchPairCorr
  0.86EMLBX Mfs Emerging MarketsPairCorr
  0.87EMLAX Mfs Emerging MarketsPairCorr
  0.88BRKUX Mfs Blended ResearchPairCorr
  0.88BRKVX Mfs Blended ResearchPairCorr
  0.88BRKRX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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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