Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTNX Fund  USD 10.60  0.06  0.57%   
The current 90-days correlation between Mfs Lifetime 2065 and Jennison Natural Resources is 0.74 (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

Very poor diversification

The correlation between Mfs Lifetime 2065 and DJI is 0.82 (i.e., Very poor 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 board of governors.

Moving together with Mfs Mutual Fund

  1.0LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.71HYPPX Mfs High YieldPairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  0.94UIVPX Mfs Intrinsic ValuePairCorr
  0.94UIVQX Mfs Intrinsic ValuePairCorr
  0.89OTCIX Mfs Mid CapPairCorr
  0.84OTCJX Mfs Mid CapPairCorr
  0.89OTCKX Mfs Mid CapPairCorr
  0.89OTCAX Mfs Mid CapPairCorr
  0.7BRKUX Mfs Blended ResearchPairCorr
  0.7BRKVX Mfs Blended ResearchPairCorr
  0.7BRKTX Mfs Blended ResearchPairCorr
  0.7BRKIX Mfs Blended ResearchPairCorr
  0.77BRSUX Mfs Blended ResearchPairCorr
  0.76BRSSX Mfs Blended ResearchPairCorr
  0.77BRSJX Mfs Blended ResearchPairCorr
  0.76BRSDX Mfs Blended ResearchPairCorr
  0.76BRSBX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
HNRGX
+ 0.87
FRNRX
ICBAX
+ 0.84
XEMOX
FRNRX
+ 0.82
PNRCX
HNRGX
+ 0.82
XEMOX
HNRGX
+ 0.78
ICBAX
GMOWX
+ 0.73
CGAEX
  
High negative correlations   
XEMOX
- 0.34
CGAEX
GMOWX
- 0.3
XEMOX
HNRGX
- 0.06
CGAEX

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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