Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTKX Fund  USD 10.10  0.05  0.50%   
The current 90-days correlation between Mfs Lifetime 2065 and Mfs Prudent Investor is 0.64 (i.e., Poor 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

Weak diversification

The correlation between Mfs Lifetime 2065 and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2065 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 2065. 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 industry.

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
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.96UIVIX Mfs Intrinsic ValuePairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.91UIVPX Mfs Intrinsic ValuePairCorr
  0.91UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.92UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.91UIVRX Mfs Intrinsic ValuePairCorr
  0.87OTCHX Mfs Mid CapPairCorr
  0.87OTCIX Mfs Mid CapPairCorr
  0.87OTCJX Mfs Mid CapPairCorr
  0.87OTCKX Mfs Mid CapPairCorr
  0.76MKVCX Mfs International LargePairCorr
  0.76MKVBX Mfs International LargePairCorr
  0.85OTCGX Mfs Mid CapPairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.76MKVFX Mfs International LargePairCorr
  0.76MKVEX Mfs International LargePairCorr
  0.76MKVDX Mfs International LargePairCorr
  0.76MKVIX Mfs International LargePairCorr
  0.76MKVHX Mfs Series TrustPairCorr
  0.86OTCAX Mfs Mid CapPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.61)
 1.62 
FPPQX  0.28 (0.02) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.61)
 1.63 
FPPRX  0.28 (0.02) 0.00 (0.17) 0.00 
 0.00 
 0.52 
(0.61)
 1.71 
FPPSX  0.29 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.59 
(0.61)
 1.63 
FPPUX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.60)
 1.71 
FPPVX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.51 
(0.61)
 1.70 
LFTFX  0.47 (0.04) 0.00 (0.13) 0.00 
 0.00 
 0.99 
(1.18)
 3.82 
LFTJX  0.48 (0.05) 0.00 (0.13) 0.00 
 0.00 
 0.99 
(1.18)
 3.81 
LFTGX  0.47 (0.05) 0.00 (0.13) 0.00 
 0.00 
 1.00 
(1.28)
 3.83 
LFTHX  0.47 (0.04) 0.00 (0.13) 0.00 
 0.00 
 0.89 
(1.18)
 3.71 

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