Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime Income
MLLBX Fund  USD 12.65  0.02  0.16%   
The current 90-days correlation between Mfs Lifetime Income and Mfs Lifetime 2065 is 0.23 (i.e., Modest 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

Almost no diversification

The correlation between Mfs Lifetime Income and DJI is 0.9 (i.e., Almost no 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.95LFTFX Mfs Lifetime 2065PairCorr
  0.94LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.94LFTHX Mfs Lifetime 2065PairCorr
  0.94LFTMX Mfs Lifetime 2065PairCorr
  0.94LFTNX Mfs Lifetime 2065PairCorr
  0.94LFTKX Mfs Lifetime 2065PairCorr
  0.94LFTLX Mfs Lifetime 2065PairCorr
  0.94HYPPX Mfs High YieldPairCorr
  0.81UIVIX Mfs Intrinsic ValuePairCorr
  0.79UIVCX Mfs Intrinsic ValuePairCorr
  0.79UIVPX Mfs Intrinsic ValuePairCorr
  0.79UIVQX Mfs Intrinsic ValuePairCorr
  0.79UIVNX Mfs Intrinsic ValuePairCorr
  0.79UIVMX Mfs Intrinsic ValuePairCorr
  0.81UIVVX Mfs Intrinsic ValuePairCorr
  0.79UIVRX Mfs Intrinsic ValuePairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVDX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.94BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.94EMLBX Mfs Emerging MarketsPairCorr
  0.95EMLAX Mfs Emerging MarketsPairCorr
  0.95BRKUX Mfs Blended ResearchPairCorr
  0.95BRKVX 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.

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