Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2060
MFJBX Fund  USD 17.73  0.02  0.11%   
The current 90-days correlation between Mfs Lifetime 2060 and Gmo Quality Fund is 0.91 (i.e., Almost no 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 2060 and DJI is 0.9 (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 2060 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 2060. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

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