Mfs Lifetime Correlations

LTTSX Fund  USD 13.97  0.02  0.14%   
The current 90-days correlation between Mfs Lifetime 2025 and Fidelity Sai Convertible is 0.03 (i.e., Significant 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

Poor diversification

The correlation between Mfs Lifetime 2025 and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2025 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 2025. 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 state.

Moving together with Mfs Mutual Fund

  0.66FPPJX Mfs Prudent InvestorPairCorr
  0.66FPPQX Mfs Prudent InvestorPairCorr
  0.65FPPRX Mfs Prudent InvestorPairCorr
  0.66FPPSX Mfs Prudent InvestorPairCorr
  0.66FPPUX Mfs Prudent InvestorPairCorr
  0.67FPPVX Mfs Prudent InvestorPairCorr
  0.63LFTFX Mfs Lifetime 2065PairCorr
  0.65LFTJX Mfs Lifetime 2065PairCorr
  0.64LFTGX Mfs Lifetime 2065PairCorr
  0.62LFTHX Mfs Lifetime 2065PairCorr
  0.62LFTMX Mfs Lifetime 2065PairCorr
  0.63LFTNX Mfs Lifetime 2065PairCorr
  0.63LFTLX Mfs Lifetime 2065PairCorr

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   
ARBOXFSAWX
PRCCXFSAWX
ARBOXPRCCX
CCDARBOX
CCDPRCCX
AVKPRCCX
  
High negative correlations   
CCDAVK

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.