Mfs Lifetime Correlations
| MLFBX Fund | USD 21.04 0.05 0.24% |
The current 90-days correlation between Mfs Lifetime 2040 and Gamco Global Telecommunications is -0.11 (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 |
Moving together with Mfs Mutual Fund
| 0.61 | GAAKX | Gmo Alternative Allo | PairCorr |
| 0.63 | GAAGX | Gmo Alternative Allo | PairCorr |
| 0.71 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.62 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.71 | PQTIX | Aa Pimco Tr | PairCorr |
Moving against Mfs Mutual Fund
Related Correlations Analysis
| 1.0 | 0.86 | 0.88 | 0.75 | 0.87 | GTCAX | ||
| 1.0 | 0.86 | 0.88 | 0.75 | 0.87 | GABTX | ||
| 0.86 | 0.86 | 0.96 | 0.95 | 0.91 | TWARX | ||
| 0.88 | 0.88 | 0.96 | 0.89 | 0.9 | FCSCX | ||
| 0.75 | 0.75 | 0.95 | 0.89 | 0.88 | RGVCX | ||
| 0.87 | 0.87 | 0.91 | 0.9 | 0.88 | SNCAX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GTCAX | 0.56 | 0.19 | 0.14 | (5.65) | 0.38 | 1.24 | 3.76 | |||
| GABTX | 0.54 | 0.19 | 0.14 | (5.51) | 0.31 | 1.25 | 3.76 | |||
| TWARX | 0.08 | 0.00 | (0.73) | 0.00 | 0.00 | 0.22 | 0.55 | |||
| FCSCX | 0.05 | 0.00 | (0.69) | (0.09) | 0.00 | 0.13 | 0.53 | |||
| RGVCX | 0.26 | 0.00 | (0.27) | 0.08 | 0.26 | 0.59 | 1.28 | |||
| SNCAX | 0.07 | 0.01 | (0.77) | 8.06 | 0.00 | 0.15 | 0.44 |