Mfs Lifetime Correlations

MLLAX Fund  USD 12.53  0.01  0.08%   
The current 90-days correlation between Mfs Lifetime Income and Mfs Lifetime 2065 is 0.13 (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

Significant diversification

The correlation between Mfs Lifetime Income and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime Income 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 Income. 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 nation.

Moving against Mfs Mutual Fund

  0.61LFTHX Mfs Lifetime 2065PairCorr
  0.58LFTMX Mfs Lifetime 2065PairCorr
  0.57LFTGX Mfs Lifetime 2065PairCorr
  0.57LFTNX Mfs Lifetime 2065PairCorr
  0.57LFTKX Mfs Lifetime 2065PairCorr
  0.57LFTLX Mfs Lifetime 2065PairCorr
  0.55LFTFX Mfs Lifetime 2065PairCorr
  0.55LFTJX Mfs Lifetime 2065PairCorr
  0.54UIVCX Mfs Intrinsic ValuePairCorr
  0.54UIVPX Mfs Intrinsic ValuePairCorr
  0.54UIVQX Mfs Intrinsic ValuePairCorr
  0.54UIVNX Mfs Intrinsic ValuePairCorr
  0.54UIVVX Mfs Intrinsic ValuePairCorr
  0.44UIVIX Mfs Intrinsic ValuePairCorr
  0.34HYPPX Mfs High YieldPairCorr
  0.56BRKCX Mfs Blended ResearchPairCorr
  0.55BRKAX Mfs Blended ResearchPairCorr
  0.54BRKBX Mfs Blended ResearchPairCorr
  0.48MKVGX Mfs International LargePairCorr
  0.43OTCAX Mfs Mid CapPairCorr
  0.42OTCJX Mfs Mid CapPairCorr
  0.41OTCHX Mfs Mid CapPairCorr
  0.41OTCIX Mfs Mid CapPairCorr
  0.41OTCGX Mfs Mid CapPairCorr
  0.4OTCKX Mfs Mid CapPairCorr
  0.61BRKVX Mfs Blended ResearchPairCorr
  0.61BRKTX Mfs Blended ResearchPairCorr
  0.61BRKIX Mfs Blended ResearchPairCorr
  0.55BRKSX Mfs Blended ResearchPairCorr
  0.54BRKRX Mfs Blended ResearchPairCorr
  0.49BRKUX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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
LFTFX  0.52  0.09  0.03  0.40  0.38 
 1.06 
 3.81 
LFTJX  0.52  0.05  0.03  0.17  0.40 
 1.16 
 3.71 
LFTGX  0.51  0.05  0.04  0.18  0.38 
 0.97 
 3.83 
LFTHX  0.51  0.05  0.04  0.17  0.38 
 1.06 
 3.80 
LFTMX  0.52  0.06  0.04  0.18  0.38 
 1.06 
 3.80 
LFTNX  0.53  0.05  0.04  0.18  0.41 
 1.16 
 3.80 
LFTKX  0.53  0.05  0.04  0.18  0.40 
 1.09 
 3.82 
LFTLX  0.52  0.06  0.04  0.18  0.37 
 1.06 
 3.72 
HYPPX  0.13  0.02 (0.49) 2.59  0.00 
 0.24 
 0.95 
UIVIX  0.60  0.07 (0.01) 0.44  0.57 
 1.48 
 2.68