Mfs Lifetime Correlations

LTTIX Fund  USD 13.61  0.02  0.15%   
The current 90-days correlation between Mfs Lifetime 2025 and Abs Insights Emerging is 0.15 (i.e., Average 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

Poor diversification

The correlation between Mfs Lifetime 2025 and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2025 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 2025. 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

  0.68UIVCX Mfs Intrinsic ValuePairCorr
  0.68UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.68UIVVX Mfs Intrinsic ValuePairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.65OTCKX Mfs Mid CapPairCorr
  0.68MKVBX Mfs International LargePairCorr
  0.68MKVFX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.65OTCAX Mfs Mid CapPairCorr
  0.64EMLBX Mfs Emerging MarketsPairCorr
  0.65EMLAX Mfs Emerging MarketsPairCorr
  0.98BRKUX Mfs Blended ResearchPairCorr
  0.65EMLNX Mfs Emerging MarketsPairCorr
  0.99DIFIX Mfs Diversified IncomePairCorr
  0.65EMLKX Mfs Emerging MarketsPairCorr
  0.75DIFGX Mfs Diversified IncomePairCorr
  0.96EMLIX Mfs Emerging MarketsPairCorr
  0.99DIFEX Mfs Diversified IncomePairCorr
  0.67DIFDX Mfs Diversified IncomePairCorr
  0.67DIFCX Mfs Diversified IncomePairCorr
  0.65EMLCX Mfs Emerging MarketsPairCorr
  0.65BRSTX Mfs Blended ResearchPairCorr
  0.65BRSDX Mfs Blended ResearchPairCorr
  0.65BRUMX Mfs Blended ResearchPairCorr
  0.99BRUHX Mfs Blended ResearchPairCorr
  0.98BRUEX Mfs Blended ResearchPairCorr
  0.98BRWTX Mfs Blended ResearchPairCorr
  0.98BRWSX Mfs Blended ResearchPairCorr
  0.98BRWJX Mfs Blended ResearchPairCorr

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.