Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2060
MFJUX Fund  USD 17.81  0.01  0.06%   
The current 90-days correlation between Mfs Lifetime 2060 and T Rowe Price is 0.97 (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

Good diversification

The correlation between Mfs Lifetime 2060 and DJI is -0.13 (i.e., Good 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 employment.

Moving together with Mfs Mutual Fund

  0.67LFTFX Mfs Lifetime 2065PairCorr
  0.67LFTJX Mfs Lifetime 2065PairCorr
  0.67LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.62LFTKX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.94HYPPX Mfs High YieldPairCorr
  0.77UIVIX Mfs Intrinsic ValuePairCorr
  0.7UIVCX Mfs Intrinsic ValuePairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.7UIVQX Mfs Intrinsic ValuePairCorr
  0.7UIVNX Mfs Intrinsic ValuePairCorr
  0.77UIVMX Mfs Intrinsic ValuePairCorr
  0.7UIVVX Mfs Intrinsic ValuePairCorr
  0.98UIVRX Mfs Intrinsic ValuePairCorr
  0.99OTCHX Mfs Mid CapPairCorr
  0.74OTCIX Mfs Mid CapPairCorr
  0.74OTCJX Mfs Mid CapPairCorr
  0.67OTCKX Mfs Mid CapPairCorr
  0.97MKVCX Mfs International LargePairCorr
  0.71MKVBX Mfs International LargePairCorr
  0.99OTCGX Mfs Mid CapPairCorr
  0.97MKVGX Mfs International LargePairCorr
  0.77MKVFX Mfs International LargePairCorr
  0.7MKVEX Mfs International LargePairCorr
  0.97MKVDX Mfs International LargePairCorr
  0.7MKVIX Mfs International LargePairCorr
  0.77MKVHX Mfs Series TrustPairCorr
  0.61BRKCX Mfs Blended ResearchPairCorr
  0.61BRKAX Mfs Blended ResearchPairCorr
  0.62OTCAX 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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