Mfs Lifetime Correlations

MLLEX Fund

USD 12.56 0.01 0.08%

The current 90-days correlation between Mfs Lifetime Income and Pace Municipal Fixed is 0.21 (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

Very weak diversification

The correlation between Mfs Lifetime Income and DJI is 0.5 (i.e., Very weak 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 median.

Moving together with Mfs Mutual Fund

0.72	LFTFX	Mfs Lifetime 2065	Pair Corr
0.61	LFTJX	Mfs Lifetime 2065	Pair Corr
0.65	LFTGX	Mfs Lifetime 2065	Pair Corr
0.74	LFTHX	Mfs Lifetime 2065	Pair Corr
0.73	LFTMX	Mfs Lifetime 2065	Pair Corr
0.75	LFTNX	Mfs Lifetime 2065	Pair Corr
0.71	LFTKX	Mfs Lifetime 2065	Pair Corr
0.71	LFTLX	Mfs Lifetime 2065	Pair Corr

Moving against Mfs Mutual Fund

0.42	UIVIX	Mfs Intrinsic Value	Pair Corr
0.35	HYPPX	Mfs High Yield	Pair Corr
0.52	BRKBX	Mfs Blended Research	Pair Corr
0.52	BRKAX	Mfs Blended Research	Pair Corr
0.5	BRKCX	Mfs Blended Research	Pair Corr
0.49	OTCAX	Mfs Mid Cap	Pair Corr
0.47	OTCGX	Mfs Mid Cap	Pair Corr
0.46	OTCHX	Mfs Mid Cap	Pair Corr
0.45	OTCIX	Mfs Mid Cap	Pair Corr
0.45	OTCJX	Mfs Mid Cap	Pair Corr
0.45	OTCKX	Mfs Mid Cap	Pair Corr
0.51	EMLBX	Mfs Emerging Markets	Pair Corr
0.51	EMLAX	Mfs Emerging Markets	Pair Corr
0.51	BRKUX	Mfs Blended Research	Pair Corr
0.51	BRKVX	Mfs Blended Research	Pair Corr
0.51	BRKRX	Mfs Blended Research	Pair Corr
0.51	BRKTX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	PCMNX	TFBIX	TIMTX	OWMBX	NSIOX	TBGAX	DODLX	MDMTX
PCMNX		0.94	0.94	0.97	0.74	0.93	0.77	0.45	PCMNX
TFBIX	0.94		0.9	0.87	0.88	0.99	0.74	0.58	TFBIX
TIMTX	0.94	0.9		0.92	0.75	0.89	0.69	0.39	TIMTX
OWMBX	0.97	0.87	0.92		0.65	0.85	0.76	0.37	OWMBX
NSIOX	0.74	0.88	0.75	0.65		0.86	0.53	0.73	NSIOX
TBGAX	0.93	0.99	0.89	0.85	0.86		0.73	0.57	TBGAX
DODLX	0.77	0.74	0.69	0.76	0.53	0.73		0.29	DODLX
MDMTX	0.45	0.58	0.39	0.37	0.73	0.57	0.29		MDMTX
	PCMNX	TFBIX	TIMTX	OWMBX	NSIOX	TBGAX	DODLX	MDMTX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PCMNX	0.06	0.02	(0.75)	2.88	0.00	(0.10)	0.16	(0.08)	0.33
TFBIX	0.07	0.01	(0.65)	(2.47)	0.00	(0.13)	0.20	(0.10)	0.60
TIMTX	0.07	0.02	(0.63)	(3.25)	0.00	(0.12)	0.19	(0.09)	0.56
OWMBX	0.06	0.01	(1.07)	0.64	0.00	(0.11)	0.17	(0.09)	0.26
NSIOX	0.07	0.01	(0.64)	1.38	0.00	(0.15)	0.20	(0.10)	0.61
TBGAX	0.08	0.01	(0.63)	1.09	0.00	(0.13)	0.19	(0.09)	0.74
DODLX	0.14	0.01	(0.43)	0.17	0.03	(0.17)	0.27	(0.27)	0.89
MDMTX	0.08	0.01	(0.62)	(5.42)	0.00	(0.15)	0.19	(0.10)	0.86

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