Mfs Lifetime Correlations

LTTAX Fund  USD 13.98  0.04  0.29%   
The current 90-days correlation between Mfs Lifetime 2025 and Columbia Diversified Equity is 0.76 (i.e., Poor 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

Good diversification

The correlation between Mfs Lifetime 2025 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2025 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 2025. 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 nation.

Moving together with Mfs Mutual Fund

  0.73LFTFX Mfs Lifetime 2065PairCorr
  0.68LFTJX Mfs Lifetime 2065PairCorr
  0.89LFTGX Mfs Lifetime 2065PairCorr
  0.72LFTHX Mfs Lifetime 2065PairCorr
  0.64LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.89LFTKX Mfs Lifetime 2065PairCorr
  0.89LFTLX Mfs Lifetime 2065PairCorr
  0.64HYPPX Mfs High YieldPairCorr
  0.73UIVQX Mfs Intrinsic ValuePairCorr
  0.71UIVNX Mfs Intrinsic ValuePairCorr
  0.64UIVMX Mfs Intrinsic ValuePairCorr
  0.72UIVVX Mfs Intrinsic ValuePairCorr
  0.73UIVRX Mfs Intrinsic ValuePairCorr
  0.7MKVCX Mfs International LargePairCorr
  0.77MKVGX Mfs International LargePairCorr
  0.77MKVFX Mfs International LargePairCorr
  0.77MKVEX Mfs International LargePairCorr
  0.65BRKBX Mfs Blended ResearchPairCorr
  0.73BRKCX Mfs Blended ResearchPairCorr
  0.65BRKAX Mfs Blended ResearchPairCorr
  0.88EMLBX Mfs Emerging MarketsPairCorr
  0.89EMLAX Mfs Emerging MarketsPairCorr
  0.86BRKUX Mfs Blended ResearchPairCorr
  0.72BRKVX Mfs Blended ResearchPairCorr
  0.72BRKRX 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.