Mfs Lifetime Correlations

MLFAX Fund

USD 20.79 0.08 0.38%

The current 90-days correlation between Mfs Lifetime 2040 and Mfs Prudent Investor is 0.61 (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

Very poor diversification

The correlation between Mfs Lifetime 2040 and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime 2040 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 2040. 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

1.0	LFTFX	Mfs Lifetime 2065	Pair Corr
0.99	LFTJX	Mfs Lifetime 2065	Pair Corr
0.99	LFTGX	Mfs Lifetime 2065	Pair Corr
1.0	LFTHX	Mfs Lifetime 2065	Pair Corr
1.0	LFTMX	Mfs Lifetime 2065	Pair Corr
1.0	LFTNX	Mfs Lifetime 2065	Pair Corr
1.0	LFTKX	Mfs Lifetime 2065	Pair Corr
1.0	LFTLX	Mfs Lifetime 2065	Pair Corr
0.76	HYPPX	Mfs High Yield	Pair Corr
0.94	UIVIX	Mfs Intrinsic Value	Pair Corr
0.95	UIVCX	Mfs Intrinsic Value	Pair Corr
0.94	UIVPX	Mfs Intrinsic Value	Pair Corr
0.94	UIVQX	Mfs Intrinsic Value	Pair Corr
0.94	UIVNX	Mfs Intrinsic Value	Pair Corr
0.95	UIVMX	Mfs Intrinsic Value	Pair Corr
0.94	UIVVX	Mfs Intrinsic Value	Pair Corr
0.94	UIVRX	Mfs Intrinsic Value	Pair Corr
0.81	OTCHX	Mfs Mid Cap	Pair Corr
0.82	OTCIX	Mfs Mid Cap	Pair Corr
0.82	OTCJX	Mfs Mid Cap	Pair Corr
0.83	OTCKX	Mfs Mid Cap	Pair Corr
0.73	OTCGX	Mfs Mid Cap	Pair Corr
0.81	OTCAX	Mfs Mid Cap	Pair Corr
0.74	OTCBX	Mfs Mid Cap	Pair Corr
0.72	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.32	MKVDX	Mfs International Large	Pair Corr
0.48	EMLBX	Mfs Emerging Markets	Pair Corr
0.48	EMLNX	Mfs Emerging Markets	Pair Corr
0.48	EMLLX	Mfs Emerging Markets	Pair Corr
0.48	EMLCX	Mfs Emerging Markets	Pair Corr
0.47	EMLAX	Mfs Emerging Markets	Pair Corr
0.47	EMLKX	Mfs Emerging Markets	Pair Corr
0.47	EMLJX	Mfs Emerging Markets	Pair Corr
0.47	EMLIX	Mfs Emerging Markets	Pair Corr
0.43	EMLMX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	1.0	1.0	0.2	0.23	0.22	0.19	FPPJX
FPPQX	1.0		1.0	1.0	1.0	1.0	0.18	0.2	0.2	0.17	FPPQX
FPPRX	1.0	1.0		1.0	1.0	1.0	0.13	0.16	0.16	0.13	FPPRX
FPPSX	1.0	1.0	1.0		1.0	1.0	0.17	0.2	0.2	0.16	FPPSX
FPPUX	1.0	1.0	1.0	1.0		1.0	0.2	0.22	0.22	0.19	FPPUX
FPPVX	1.0	1.0	1.0	1.0	1.0		0.2	0.23	0.23	0.19	FPPVX
LFTFX	0.2	0.18	0.13	0.17	0.2	0.2		1.0	1.0	1.0	LFTFX
LFTJX	0.23	0.2	0.16	0.2	0.22	0.23	1.0		1.0	1.0	LFTJX
LFTGX	0.22	0.2	0.16	0.2	0.22	0.23	1.0	1.0		1.0	LFTGX
LFTHX	0.19	0.17	0.13	0.16	0.19	0.19	1.0	1.0	1.0		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
FPPJX	0.28	(0.01)	(0.19)	0.06	0.34	(0.30)	0.58	(0.59)	1.82
FPPQX	0.29	(0.01)	(0.20)	0.04	0.35	(0.30)	0.58	(0.59)	1.74
FPPRX	0.28	(0.01)	(0.21)	0.03	0.35	(0.30)	0.59	(0.60)	1.85
FPPSX	0.29	(0.01)	(0.20)	0.04	0.35	(0.30)	0.58	(0.59)	1.83
FPPUX	0.28	(0.01)	(0.21)	0.05	0.33	(0.31)	0.58	(0.59)	1.82
FPPVX	0.27	(0.01)	(0.20)	0.05	0.33	(0.29)	0.51	(0.59)	1.82
LFTFX	0.41	0.00	(0.07)	0.09	0.38	(0.49)	0.87	(0.67)	2.82
LFTJX	0.40	0.00	(0.07)	0.08	0.39	(0.49)	0.87	(0.76)	2.93
LFTGX	0.39	0.00	(0.08)	0.08	0.37	(0.48)	0.87	(0.67)	2.84
LFTHX	0.41	0.00	(0.08)	0.09	0.38	(0.50)	0.86	(0.67)	2.80

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC