Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2060
MFJBX Fund  USD 18.08  0.12  0.67%   
The current 90-days correlation between Mfs Lifetime 2060 and Lord Abbett Convertible is 0.68 (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

Very poor diversification

The correlation between Mfs Lifetime 2060 and DJI is 0.87 (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 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.96LFTJX Mfs Lifetime 2065PairCorr
  0.94OTCIX Mfs Mid CapPairCorr
  0.95OTCBX Mfs Mid CapPairCorr
  0.87OTCCX Mfs Mid CapPairCorr
  0.93EMLCX Mfs Emerging MarketsPairCorr
  0.87BRSPX Mfs Blended ResearchPairCorr
  0.98BRWBX Mfs Blended ResearchPairCorr
  0.63MLLCX Mfs Lifetime RetirementPairCorr
  0.88MLTHX Mfs Lifetime 2030PairCorr
  0.97MNWCX Mfs Managed WealthPairCorr
  0.88MACJX Mfs Servative AllocationPairCorr
  0.65MTCCX Mfs TechnologyPairCorr
  0.8MDIHX Mfs InternationalPairCorr
  0.91MEDIX Mfs Emerging MarketsPairCorr
  1.0MFJTX Mfs Lifetime 2060PairCorr
  1.0MFJUX Mfs Lifetime 2060PairCorr
  0.86MFIWX Mfs Income FundPairCorr
  1.0MFJAX Mfs Lifetime 2060PairCorr
  0.89DVRIX Mfs Global AlternativePairCorr
  0.68MIEIX Mfs InstitutionalPairCorr
  0.91MITDX Massachusetts InvestorsPairCorr
  0.64MITIX Massachusetts InvestorsPairCorr
  0.89AANTX American Funds 2060PairCorr
  0.89CCKTX American Funds 2060PairCorr
  0.89FAWTX American Funds 2060PairCorr
  1.0TRLNX T Rowe PricePairCorr
  0.99FFLEX Fidelity Freedom IndexPairCorr
  0.99FDKLX Fidelity Freedom IndexPairCorr
  0.89FDKVX Fidelity Freedom 2060PairCorr
  0.99FVTKX Fidelity Freedom 2060PairCorr
  0.89FUIPX Fidelity Freedom IndexPairCorr

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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