Mfs Blended Correlations

BRKCX Fund

USD 14.34 0.15 1.06%

The current 90-days correlation between Mfs Blended Research and Diversified Bond Fund is 0.13 (i.e., Average diversification). The correlation of Mfs Blended 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 Blended Correlation With Market

Weak diversification

The correlation between Mfs Blended Research and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Blended Research and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mfs Blended Research. 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 main economic indicators.

Moving together with Mfs Mutual Fund

0.79	FPPJX	Mfs Prudent Investor	Pair Corr
0.79	FPPQX	Mfs Prudent Investor	Pair Corr
0.79	FPPRX	Mfs Prudent Investor	Pair Corr
0.79	FPPSX	Mfs Prudent Investor	Pair Corr
0.79	FPPUX	Mfs Prudent Investor	Pair Corr
0.79	FPPVX	Mfs Prudent Investor	Pair Corr
0.65	LFTFX	Mfs Lifetime 2065	Pair Corr
0.63	LFTJX	Mfs Lifetime 2065	Pair Corr
0.67	LFTGX	Mfs Lifetime 2065	Pair Corr
0.66	LFTHX	Mfs Lifetime 2065	Pair Corr
0.68	LFTMX	Mfs Lifetime 2065	Pair Corr
0.68	LFTKX	Mfs Lifetime 2065	Pair Corr
0.62	LFTLX	Mfs Lifetime 2065	Pair Corr
0.67	HYPPX	Mfs High Yield	Pair Corr
0.79	MKVCX	Mfs International Large	Pair Corr
0.8	MKVBX	Mfs International Large	Pair Corr
0.74	MKVGX	Mfs International Large	Pair Corr
0.8	MKVFX	Mfs International Large	Pair Corr
0.76	MKVEX	Mfs International Large	Pair Corr
0.73	MKVDX	Mfs International Large	Pair Corr
0.76	MKVIX	Mfs International Large	Pair Corr
0.8	MKVHX	Mfs Series Trust	Pair Corr
0.87	BRKBX	Mfs Blended Research	Pair Corr
0.88	BRKAX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	CDBCX	VYRPX	PQCNX	LIGFX	MDBLX	TLSHX	BICPX	FHCOX
CDBCX		0.78	0.85	0.77	0.78	0.75	0.81	0.08	CDBCX
VYRPX	0.78		0.82	0.86	0.84	0.99	0.93	0.3	VYRPX
PQCNX	0.85	0.82		0.64	0.97	0.79	0.89	0.13	PQCNX
LIGFX	0.77	0.86	0.64		0.63	0.86	0.87	0.38	LIGFX
MDBLX	0.78	0.84	0.97	0.63		0.83	0.91	0.27	MDBLX
TLSHX	0.75	0.99	0.79	0.86	0.83		0.92	0.34	TLSHX
BICPX	0.81	0.93	0.89	0.87	0.91	0.92		0.32	BICPX
FHCOX	0.08	0.3	0.13	0.38	0.27	0.34	0.32		FHCOX
	CDBCX	VYRPX	PQCNX	LIGFX	MDBLX	TLSHX	BICPX	FHCOX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Blended 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 Blended'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
CDBCX	0.24	0.02	0.07	0.26	0.20	(0.31)	0.66	(0.44)	1.55
VYRPX	0.18	0.00	0.01	0.06	0.24	(0.26)	0.48	(0.29)	1.45
PQCNX	0.24	0.00	0.01	(0.04)	0.27	(0.30)	0.58	(0.59)	1.43
LIGFX	0.28	0.02	0.06	0.08	0.36	(0.29)	0.55	(0.43)	1.91
MDBLX	0.25	0.01	0.05	0.11	0.23	(0.30)	0.50	(0.49)	1.37
TLSHX	0.27	0.00	0.01	0.05	0.38	(0.29)	0.62	(0.47)	1.71
BICPX	0.23	0.01	0.03	0.02	0.27	(0.31)	0.54	(0.45)	1.71
FHCOX	0.04	0.01	0.00	(1.47)	0.00	0.00	0.10	(0.10)	0.50

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Mfs Blended Correlations

Mfs Blended Correlation With Market

Weak diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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