Mfs Lifetime Correlations

MLLCX Fund

USD 12.50 0.26 2.04%

The current 90-days correlation between Mfs Lifetime Retirement and Mfs Lifetime 2065 is 0.14 (i.e., Average 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 Retirement and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Lifetime Retirement 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 Retirement. 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 persons.

Moving together with Mfs Mutual Fund

0.71	LFTFX	Mfs Lifetime 2065	Pair Corr
0.69	LFTJX	Mfs Lifetime 2065	Pair Corr
0.7	LFTGX	Mfs Lifetime 2065	Pair Corr
0.71	LFTHX	Mfs Lifetime 2065	Pair Corr
0.71	LFTMX	Mfs Lifetime 2065	Pair Corr
0.72	LFTNX	Mfs Lifetime 2065	Pair Corr
0.7	LFTKX	Mfs Lifetime 2065	Pair Corr
0.71	LFTLX	Mfs Lifetime 2065	Pair Corr
0.61	HYPPX	Mfs High Yield	Pair Corr

Related Correlations Analysis

	LFTFX	LFTJX	LFTGX	LFTHX	LFTMX	LFTNX	LFTKX	LFTLX	HYPPX	UIVIX
LFTFX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	0.7	0.12	LFTFX
LFTJX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	0.67	0.13	LFTJX
LFTGX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	0.67	0.14	LFTGX
LFTHX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	0.71	0.12	LFTHX
LFTMX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	0.71	0.12	LFTMX
LFTNX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	0.71	0.12	LFTNX
LFTKX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	0.69	0.13	LFTKX
LFTLX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		0.7	0.12	LFTLX
HYPPX	0.7	0.67	0.67	0.71	0.71	0.71	0.69	0.7		0.0	HYPPX
UIVIX	0.12	0.13	0.14	0.12	0.12	0.12	0.13	0.12	0.0		UIVIX
	LFTFX	LFTJX	LFTGX	LFTHX	LFTMX	LFTNX	LFTKX	LFTLX	HYPPX	UIVIX

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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

LFTJX	+ 1.0	LFTFX
LFTGX	+ 1.0	LFTFX
LFTHX	+ 1.0	LFTFX
LFTMX	+ 1.0	LFTFX
LFTNX	+ 1.0	LFTFX
LFTKX	+ 1.0	LFTFX

High negative correlations

UIVIX

- 0.0

HYPPX

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
LFTFX	0.50	0.00	(0.06)	0.07	0.68	(0.48)	0.98	(1.09)	2.76
LFTJX	0.49	0.00	(0.07)	0.05	0.68	(0.47)	0.97	(1.09)	2.77
LFTGX	0.48	0.00	(0.07)	0.05	0.68	(0.46)	0.99	(1.10)	2.69
LFTHX	0.49	0.00	(0.06)	0.08	0.69	(0.47)	0.97	(1.08)	2.74
LFTMX	0.49	0.00	(0.06)	0.07	0.69	(0.48)	0.98	(1.08)	2.74
LFTNX	0.50	0.00	(0.06)	0.09	0.68	(0.48)	0.97	(1.08)	2.74
LFTKX	0.50	0.00	(0.06)	0.07	0.67	(0.49)	0.98	(1.09)	2.76
LFTLX	0.50	0.00	(0.06)	0.07	0.68	(0.48)	0.98	(1.09)	2.76
HYPPX	0.15	0.01	(0.24)	(1.90)	0.07	(0.26)	0.36	(0.24)	1.08
UIVIX	0.70	(0.06)	0.00	(0.44)	0.00	0.00	1.06	(1.38)	8.32

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