Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime Income
MLLIX Fund  USD 12.50  0.02  0.16%   
The current 90-days correlation between Mfs Lifetime Income and Doubleline Emerging Markets is -0.15 (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 Lifetime Correlation With Market

Good diversification

The correlation between Mfs Lifetime Income and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime Income 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 Income. 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

  0.88VTINX Vanguard Target RetiPairCorr
  0.99LIRIX Blackrock Lifepath IdxPairCorr
  0.99LIRAX Blackrock Lfpth IdxPairCorr
  0.87JSIIX Jpmorgan SmartretirementPairCorr
  0.99JSIZX Jpmorgan SmartretirementPairCorr
  0.99JSIYX Jpmorgan SmartretirementPairCorr
  0.99JSIPX Jpmorgan SmartretirementPairCorr
  0.99JSIQX Jpmorgan SmartretirementPairCorr
  0.99FNSHX Fidelity Freedom IncomePairCorr
  0.85LIIAX Columbia Porate IncomePairCorr
  0.93SRINX Columbia Porate IncomePairCorr
  0.95WRHIX Ivy High IncomePairCorr
  0.86WHIAX Ivy High IncomePairCorr
  0.87IHIFX Ivy High IncomePairCorr
  0.96IVHIX Ivy High IncomePairCorr
  0.68CVX Chevron Corp Earnings Call This WeekPairCorr
  0.63CAT CaterpillarPairCorr

Moving against Mfs Mutual Fund

  0.44HPQ HP IncPairCorr
  0.66MCD McDonaldsPairCorr
  0.48TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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