Mfs Lifetime Correlations

MFJAX Fund

USD 17.41 0.22 1.25%

The current 90-days correlation between Mfs Lifetime 2060 and Cmg Ultra Short is 0.02 (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

Good diversification

The correlation between Mfs Lifetime 2060 and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2060 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 2060. 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

0.91	AANTX	American Funds 2060	Pair Corr
0.99	CCKTX	American Funds 2060	Pair Corr
0.91	FAWTX	American Funds 2060	Pair Corr
0.89	TRLNX	T Rowe Price	Pair Corr
0.91	FFLEX	Fidelity Freedom Index	Pair Corr
0.91	FDKLX	Fidelity Freedom Index	Pair Corr
0.91	FDKVX	Fidelity Freedom 2060	Pair Corr
0.91	FVTKX	Fidelity Freedom 2060	Pair Corr
0.91	FUIPX	Fidelity Freedom Index	Pair Corr
0.78	GAAKX	Gmo Alternative Allo	Pair Corr
0.84	GAAGX	Gmo Alternative Allo	Pair Corr
0.8	GPBFX	Gmo E Plus	Pair Corr
0.83	PQTAX	Pimco Trends Managed	Pair Corr
0.85	PQTNX	Pimco Trends Managed	Pair Corr
0.86	PQTIX	Aa Pimco Tr	Pair Corr
0.78	FBANJX	Fbanjx	Pair Corr
0.72	WFENX	Wells Fargo International	Pair Corr
0.65	XJMMX	Nuveen Multi Marketome	Pair Corr
0.9	ACGMX	Invesco Growth And	Pair Corr
0.81	PBHAX	Prudential High Yield	Pair Corr
0.74	BGCBX	Baillie Gifford China	Pair Corr
0.74	TPVIX	Timothy Small Cap	Pair Corr
0.77	SSASX	State Street Income	Pair Corr
0.83	TGROX	Tiaa Cref Green	Pair Corr
0.89	POGCX	Putnam Growth Opport	Pair Corr
0.91	CFNFX	American Funds Funda	Pair Corr
0.86	STBAX	Invesco Short Term	Pair Corr

Related Correlations Analysis

	CMGUX	BSBIX	ASTIX	FUEMX	CIABX	ASCLX	VMSSX
CMGUX		0.93	0.92	0.98	0.96	0.94	0.96	CMGUX
BSBIX	0.93		0.89	0.95	0.96	0.92	0.96	BSBIX
ASTIX	0.92	0.89		0.91	0.9	0.96	0.88	ASTIX
FUEMX	0.98	0.95	0.91		0.98	0.94	0.97	FUEMX
CIABX	0.96	0.96	0.9	0.98		0.94	0.96	CIABX
ASCLX	0.94	0.92	0.96	0.94	0.94		0.91	ASCLX
VMSSX	0.96	0.96	0.88	0.97	0.96	0.91		VMSSX
	CMGUX	BSBIX	ASTIX	FUEMX	CIABX	ASCLX	VMSSX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMGUX	0.04	0.00	0.00	1.84	0.00	0.00	0.11	0.00	0.43
BSBIX	0.07	0.01	(0.81)	(1.05)	0.00	(0.12)	0.11	(0.11)	0.42
ASTIX	0.30	0.02	(0.09)	0.16	0.18	(0.36)	0.69	(0.53)	2.71
FUEMX	0.04	0.01	0.00	1.86	0.00	0.00	0.10	0.00	0.40
CIABX	0.06	0.02	0.00	4.01	0.00	0.00	0.20	0.00	0.40
ASCLX	0.25	0.09	(0.10)	(0.88)	0.00	(0.30)	0.62	(0.45)	1.84
VMSSX	0.11	0.02	(0.40)	1.66	0.00	(0.27)	0.22	(0.22)	0.66

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Mfs Lifetime Correlations

Mfs Lifetime Correlation With Market

Good diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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