Mfs Lifetime Correlations

Mutual Funds . USA . 
Fund . Mfs Lifetime 2060
MFJAX Fund  USD 16.24  0.13  0.81%   
The current 90-days correlation between Mfs Lifetime 2060 and Commonwealth Global Fund is 0.6 (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

Average diversification

The correlation between Mfs Lifetime 2060 and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2060 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 2060. 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 together with Mfs Mutual Fund

  0.76FPPJX Mfs Prudent InvestorPairCorr
  0.75FPPQX Mfs Prudent InvestorPairCorr
  0.75FPPSX Mfs Prudent InvestorPairCorr
  0.76FPPUX Mfs Prudent InvestorPairCorr
  0.86LFTFX Mfs Lifetime 2065PairCorr
  0.85LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.86LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTMX Mfs Lifetime 2065PairCorr
  0.8LFTNX Mfs Lifetime 2065PairCorr
  0.86LFTKX Mfs Lifetime 2065PairCorr
  0.86LFTLX Mfs Lifetime 2065PairCorr
  0.85UIVIX Mfs Intrinsic ValuePairCorr
  0.85UIVCX Mfs Intrinsic ValuePairCorr
  0.85UIVPX Mfs Intrinsic ValuePairCorr
  0.85UIVQX Mfs Intrinsic ValuePairCorr
  0.85UIVNX Mfs Intrinsic ValuePairCorr
  0.85UIVMX Mfs Intrinsic ValuePairCorr
  0.85UIVVX Mfs Intrinsic ValuePairCorr
  0.85UIVRX Mfs Intrinsic ValuePairCorr
  0.73OTCHX Mfs Mid CapPairCorr
  0.73OTCIX Mfs Mid CapPairCorr
  0.73OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.71OTCGX Mfs Mid CapPairCorr
  0.79OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
MSTGX
+ 0.92
SGMAX
ARECX
+ 0.85
SGMAX
ARECX
+ 0.85
MSTGX
MSTGX
+ 0.79
CNGLX
SGMAX
+ 0.74
CNGLX
ARECX
+ 0.71
CNGLX
  
High negative correlations   
BXFIX
- 0.56
ARECX
BXFIX
- 0.22
SGMAX
BXFIX
- 0.13
MSTGX
BXFIX
- 0.03
CNGLX

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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