Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2040
MLFGX Fund  USD 19.80  0.08  0.40%   
The current 90-days correlation between Mfs Lifetime 2040 and Vanguard Health Care is 0.48 (i.e., Very weak 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 2040 and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2040 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 2040. 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 price.

Moving together with Mfs Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.92LFTJX Mfs Lifetime 2065PairCorr
  0.92LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.95LFTMX Mfs Lifetime 2065PairCorr
  0.95LFTNX Mfs Lifetime 2065PairCorr
  0.91LFTKX Mfs Lifetime 2065PairCorr
  0.96LFTLX Mfs Lifetime 2065PairCorr
  0.93UIVIX Mfs Intrinsic ValuePairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.93UIVNX Mfs Intrinsic ValuePairCorr
  0.94UIVMX Mfs Intrinsic ValuePairCorr
  0.89UIVVX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.85OTCHX Mfs Mid CapPairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.86OTCKX Mfs Mid CapPairCorr
  0.78MKVCX Mfs International LargePairCorr
  0.78MKVBX Mfs International LargePairCorr
  0.84OTCGX Mfs Mid CapPairCorr
  0.78MKVGX Mfs International LargePairCorr
  0.78MKVFX Mfs International LargePairCorr
  0.78MKVEX Mfs International LargePairCorr
  0.78MKVDX Mfs International LargePairCorr
  0.78MKVIX Mfs International LargePairCorr
  0.78MKVHX 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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