Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2065
LFTKX Fund  USD 10.34  0.10  0.98%   
The current 90-days correlation between Mfs Lifetime 2065 and Putnman Retirement Ready is 0.05 (i.e., Significant 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 2065 and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2065 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 2065. 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 industry.

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
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.95UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.82OTCHX Mfs Mid CapPairCorr
  0.84OTCIX Mfs Mid CapPairCorr
  0.84OTCJX Mfs Mid CapPairCorr
  0.84OTCKX Mfs Mid CapPairCorr
  0.94MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.78OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.94MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.69BRKBX Mfs Blended ResearchPairCorr
  0.69BRKCX Mfs Blended ResearchPairCorr
  0.65BRKAX Mfs Blended ResearchPairCorr
  0.83OTCAX 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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