Mfs Blended Correlations

Mutual Funds . USA . 
Fund . Mfs Blended Research
BRSPX Fund  USD 14.78  0.01  0.07%   
The current 90-days correlation between Mfs Blended Research and Mfs Prudent Investor is -0.16 (i.e., Good 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

Average diversification

The correlation between Mfs Blended Research and DJI is 0.13 (i.e., Average 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 american community survey.

Moving together with Mfs Mutual Fund

  0.66LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.64LFTGX Mfs Lifetime 2065PairCorr
  0.77LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.77LFTNX Mfs Lifetime 2065PairCorr
  0.77LFTKX Mfs Lifetime 2065PairCorr
  0.77LFTLX 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
  0.94OTCHX Mfs Mid CapPairCorr
  0.94OTCIX Mfs Mid CapPairCorr
  0.94OTCJX Mfs Mid CapPairCorr
  0.94OTCKX Mfs Mid CapPairCorr
  0.93OTCGX Mfs Mid CapPairCorr
  0.94OTCAX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.37FPPRX Mfs Prudent InvestorPairCorr
  0.35FPPQX Mfs Prudent InvestorPairCorr
  0.35FPPSX Mfs Prudent InvestorPairCorr
  0.34FPPJX Mfs Prudent InvestorPairCorr
  0.34FPPUX Mfs Prudent InvestorPairCorr
  0.33FPPVX Mfs Prudent InvestorPairCorr
  0.56MKVCX Mfs International LargePairCorr
  0.56MKVDX Mfs International LargePairCorr
  0.55MKVBX Mfs International LargePairCorr
  0.55MKVGX Mfs International LargePairCorr
  0.55MKVFX Mfs International LargePairCorr
  0.55MKVEX Mfs International LargePairCorr
  0.61EMLBX Mfs Emerging MarketsPairCorr
  0.6EMLAX Mfs Emerging MarketsPairCorr
  0.6EMLNX Mfs Emerging MarketsPairCorr
  0.55MKVIX Mfs International LargePairCorr
  0.55MKVHX Mfs Series TrustPairCorr
  0.37BRKBX Mfs Blended ResearchPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.28 (0.02)(0.19)(0.04) 0.36 
(0.30)
 0.58 
(0.59)
 1.82 
FPPQX  0.28 (0.02)(0.20)(0.04) 0.36 
(0.30)
 0.58 
(0.59)
 1.74 
FPPRX  0.28 (0.02)(0.21)(0.06) 0.36 
(0.29)
 0.59 
(0.60)
 1.85 
FPPSX  0.28 (0.02)(0.20)(0.05) 0.37 
(0.29)
 0.58 
(0.59)
 1.83 
FPPUX  0.28 (0.02)(0.21)(0.04) 0.35 
(0.31)
 0.58 
(0.59)
 1.82 
FPPVX  0.27 (0.02)(0.20)(0.04) 0.34 
(0.29)
 0.51 
(0.59)
 1.82 
LFTFX  0.39  0.03 (0.09) 0.56  0.39 
(0.50)
 0.87 
(0.67)
 2.82 
LFTJX  0.40  0.04 (0.05) 0.61  0.39 
(0.49)
 0.87 
(0.76)
 2.93 
LFTGX  0.38  0.02 (0.09) 0.47  0.39 
(0.48)
 0.87 
(0.67)
 2.84 
LFTHX  0.41  0.05 (0.05) 0.80  0.38 
(0.50)
 0.86 
(0.67)
 2.80 

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