Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2040
MLFIX Fund  USD 21.32  0.01  0.05%   
The current 90-days correlation between Mfs Lifetime 2040 and Dunham High Yield is 0.09 (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

Almost no diversification

The correlation between Mfs Lifetime 2040 and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2040 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 2040. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  1.0LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.97HYPPX Mfs High YieldPairCorr
  0.97UIVIX Mfs Intrinsic ValuePairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.97UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.97UIVRX Mfs Intrinsic ValuePairCorr
  0.98OTCHX Mfs Mid CapPairCorr
  0.98OTCIX Mfs Mid CapPairCorr
  0.98OTCJX Mfs Mid CapPairCorr
  0.98OTCKX Mfs Mid CapPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.98OTCGX Mfs Mid CapPairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVDX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.98BRKBX Mfs Blended ResearchPairCorr
  0.98BRKCX Mfs Blended ResearchPairCorr
  0.98BRKAX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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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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