Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2030
MLTHX Fund  USD 16.74  0.16  0.97%   
The current 90-days correlation between Mfs Lifetime 2030 and Aig Government Money is -0.1 (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

Very good diversification

The correlation between Mfs Lifetime 2030 and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2030 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 2030. 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 census.

Moving together with Mfs Mutual Fund

  1.0VTHRX Vanguard Target RetiPairCorr
  0.99AAETX American Funds 2030PairCorr
  0.99CCETX American Funds 2030PairCorr
  0.99FAETX American Funds 2030PairCorr
  1.0FSNQX Fidelity Freedom 2030PairCorr
  1.0FFFEX Fidelity Freedom 2030PairCorr
  1.0FGTKX Fidelity Freedom 2030PairCorr
  0.99TRFHX T Rowe PricePairCorr
  0.7RRTCX T Rowe PricePairCorr
  0.7PDI Pimco Dynamic IncomePairCorr
  0.96FTCAX Templeton Strained BondPairCorr
  0.84RYCKX Sp Midcap 400PairCorr
  0.89IRIAX Ishares Russell 1000PairCorr
  0.96BDBKX Blackrock Small CapPairCorr
  0.73APISX Short Duration InflationPairCorr
  0.67GSLIX Goldman Sachs LargePairCorr
  0.63BSIKX Blackrock StrategicPairCorr
  0.99NADCX Nationwide InvestorPairCorr
  0.96GSIUX Goldman Sachs EmergingPairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.94RGRLX Rbc Global EquityPairCorr
  0.95PBBBX Pia Bbb BondPairCorr
  0.98RMBHX Rmb Fund APairCorr
  0.74HLEMX Harding Loevner EmergingPairCorr
  0.98ITCTX Vy T RowePairCorr
  0.98TINIX Acm Tactical IncomePairCorr
  0.93FAUDX Strategic Advisers ShortPairCorr
  0.92PRFAX Total ReturnPairCorr
  0.62AAWEX World EnergyPairCorr
  0.9URIFX Income Fund IncomePairCorr
  0.97PSNSX Pimco Stocksplus SmallPairCorr
  0.99NWOAX Nationwide DestinationPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr

Moving against Mfs Mutual Fund

  0.97USPSX Profunds UltrashortPairCorr
  0.97USPIX Profunds UltrashortPairCorr
  0.91UIPIX Ultrashort Mid CapPairCorr

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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