Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTNX Fund  USD 10.35  0.08  0.78%   
The current 90-days correlation between Mfs Lifetime 2065 and Alphacentric Lifesci Healthcare is 0.1 (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

Very weak diversification

The correlation between Mfs Lifetime 2065 and DJI is 0.43 (i.e., Very 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 board of governors.

Moving together with Mfs Mutual Fund

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.93LFTHX Mfs Lifetime 2065PairCorr
  0.93LFTMX Mfs Lifetime 2065PairCorr
  0.93LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.98UIVIX Mfs Intrinsic ValuePairCorr
  0.98UIVCX Mfs Intrinsic ValuePairCorr
  0.98UIVPX Mfs Intrinsic ValuePairCorr
  0.98UIVQX Mfs Intrinsic ValuePairCorr
  0.98UIVNX Mfs Intrinsic ValuePairCorr
  0.98UIVMX Mfs Intrinsic ValuePairCorr
  0.92UIVVX Mfs Intrinsic ValuePairCorr
  0.98UIVRX Mfs Intrinsic ValuePairCorr
  0.85OTCHX Mfs Mid CapPairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.87OTCKX Mfs Mid CapPairCorr
  0.76MKVCX Mfs International LargePairCorr
  0.76MKVBX Mfs International LargePairCorr
  0.81OTCGX Mfs Mid CapPairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.76MKVFX Mfs International LargePairCorr
  0.73MKVEX Mfs International LargePairCorr
  0.75MKVDX Mfs International LargePairCorr
  0.73MKVIX Mfs International LargePairCorr
  0.76MKVHX Mfs Series TrustPairCorr
  0.85OTCAX 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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