Mfs Lifetime Correlations

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.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mfs Mutual Fund

0.99	VFORX	Vanguard Target Reti	Pair Corr
0.99	FFFFX	Fidelity Freedom 2040	Pair Corr
0.87	BRUFX	Bruce Fund Bruce	Pair Corr
0.96	SPGSX	State Street Premier	Pair Corr
0.9	KF	Korea Closed	Pair Corr
0.98	PSNSX	Pimco Stocksplus Small	Pair Corr
0.72	MMM	3M Company	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr

Moving against Mfs Mutual Fund

0.49	PG	Procter Gamble	Pair Corr
0.35	IBM	International Business	Pair Corr

Related Correlations Analysis

	TLMXX	SMAAX	SWGXX	STSEX	FZDXX	JRSXX	QCMMIX
TLMXX		0.0	0.0	0.0	0.0	0.0	0.0	TLMXX
SMAAX	0.0		0.0	0.9	0.0	0.0	0.94	SMAAX
SWGXX	0.0	0.0		0.0	0.0	0.0	0.0	SWGXX
STSEX	0.0	0.9	0.0		0.0	0.0	0.96	STSEX
FZDXX	0.0	0.0	0.0	0.0		0.0	0.0	FZDXX
JRSXX	0.0	0.0	0.0	0.0	0.0		0.0	JRSXX
QCMMIX	0.0	0.94	0.0	0.96	0.0	0.0		QCMMIX
	TLMXX	SMAAX	SWGXX	STSEX	FZDXX	JRSXX	QCMMIX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

QCMMIX	+ 0.96	STSEX
QCMMIX	+ 0.94	SMAAX
STSEX	+ 0.9	SMAAX
SMAAX	+ 0.0	TLMXX
SWGXX	+ 0.0	TLMXX
STSEX	+ 0.0	TLMXX

High negative correlations

QCMMIX	- 0.0	JRSXX
QCMMIX	- 0.0	FZDXX
JRSXX	- 0.0	FZDXX
JRSXX	- 0.0	STSEX
FZDXX	- 0.0	STSEX
QCMMIX	- 0.0	SWGXX

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
TLMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.08	0.02	(0.68)	(2.09)	0.00	(0.14)	0.20	(0.10)	0.40
SWGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.38	0.12	0.01	(0.48)	0.20	(0.41)	0.89	(0.77)	2.23
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	(2.56)	0.00	0.00	0.03	0.00	0.07

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