Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2050
MFFIX Fund  USD 23.36  0.08  0.34%   
The current 90-days correlation between Mfs Lifetime 2050 and Firsthand Technology Opportunities is 0.75 (i.e., Poor 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

Poor diversification

The correlation between Mfs Lifetime 2050 and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2050 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 2050. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.98LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTKX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.87UIVCX Mfs Intrinsic ValuePairCorr
  0.88UIVPX Mfs Intrinsic ValuePairCorr
  0.88UIVQX Mfs Intrinsic ValuePairCorr
  0.88UIVNX Mfs Intrinsic ValuePairCorr
  0.87UIVMX Mfs Intrinsic ValuePairCorr
  0.88UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.77OTCIX Mfs Mid CapPairCorr
  0.77OTCJX Mfs Mid CapPairCorr
  0.78OTCKX Mfs Mid CapPairCorr
  0.77OTCGX Mfs Mid CapPairCorr
  0.77OTCAX Mfs Mid CapPairCorr
  0.77OTCBX Mfs Mid CapPairCorr
  0.77OTCCX 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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