Mfs Lifetime Correlations

Mutual Funds USA . 
Fund . Mfs Lifetime 2060
MFJBX Fund  USD 17.45  0.08  0.46%   
The current 90-days correlation between Mfs Lifetime 2060 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

Very poor diversification

The correlation between Mfs Lifetime 2060 and DJI is 0.83 (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 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 bureau of labor statistics.

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
  1.0LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.72HYPPX Mfs High YieldPairCorr
  0.94UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.94UIVPX Mfs Intrinsic ValuePairCorr
  0.94UIVQX Mfs Intrinsic ValuePairCorr
  0.94UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.94UIVVX Mfs Intrinsic ValuePairCorr
  0.94UIVRX Mfs Intrinsic ValuePairCorr
  0.85OTCHX Mfs Mid CapPairCorr
  0.88OTCIX Mfs Mid CapPairCorr
  0.88OTCJX Mfs Mid CapPairCorr
  0.88OTCKX Mfs Mid CapPairCorr
  0.88OTCGX Mfs Mid CapPairCorr
  0.88OTCAX Mfs Mid CapPairCorr
  0.88OTCBX 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 (0.02)(0.28) 0.02  0.35 
(0.30)
 0.51 
(0.67)
 1.82 
FPPQX  0.29 (0.02)(0.29) 0.01  0.36 
(0.31)
 0.58 
(0.67)
 1.74 
FPPRX  0.28 (0.03)(0.30) 0.00  0.36 
(0.30)
 0.52 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.32)(2.84) 0.37 
(0.30)
 0.58 
(0.67)
 1.83 
FPPUX  0.29 (0.02)(0.30) 0.02  0.35 
(0.32)
 0.58 
(0.75)
 1.82 
FPPVX  0.27 (0.02)(0.30) 0.02  0.34 
(0.29)
 0.50 
(0.66)
 1.82 
LFTFX  0.45 (0.02)(0.10) 0.09  0.52 
(0.52)
 0.87 
(0.86)
 2.82 
LFTJX  0.45 (0.03)(0.10) 0.09  0.53 
(0.52)
 0.87 
(0.87)
 2.93 
LFTGX  0.45 (0.03)(0.10) 0.09  0.52 
(0.51)
 0.87 
(0.87)
 2.84 
LFTHX  0.46 (0.02)(0.10) 0.09  0.53 
(0.53)
 0.86 
(0.95)
 2.80 

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