MFS High Correlations

CXE Stock

USD 3.70 0.03 0.82%

The correlation of MFS High 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.

MFS High Correlation With Market

Significant diversification

The correlation between MFS High Income and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Income 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 High Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with MFS Stock

0.69	V	Visa Class A Sell-off Trend	Pair Corr
0.67	MA	Mastercard	Pair Corr
0.69	TWO	Two Harbors Investments	Pair Corr
0.75	BBUC	Brookfield Business Corp	Pair Corr
0.72	COOP	Mr Cooper Group	Pair Corr
0.61	AC	Associated Capital	Pair Corr
0.68	BK	Bank of New York	Pair Corr

Moving against MFS Stock

0.49	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.5	VALU	Value Line	Pair Corr
0.47	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.36	KB	KB Financial Group	Pair Corr
0.35	EG	Everest Group	Pair Corr

Related Correlations Analysis

	CBH	CXH	EOT	IHTA	MHN	NXC	MVT	DTF	JHS	MHD
CBH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
CXH	0.0		0.83	0.0	0.81	0.56	0.81	0.74	0.62	0.8	CXH
EOT	0.0	0.83		0.0	0.85	0.6	0.87	0.69	0.65	0.83	EOT
IHTA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	IHTA
MHN	0.0	0.81	0.85	0.0		0.54	0.84	0.69	0.44	0.88	MHN
NXC	0.0	0.56	0.6	0.0	0.54		0.72	0.52	0.25	0.68	NXC
MVT	0.0	0.81	0.87	0.0	0.84	0.72		0.86	0.4	0.89	MVT
DTF	0.0	0.74	0.69	0.0	0.69	0.52	0.86		0.24	0.77	DTF
JHS	0.0	0.62	0.65	0.0	0.44	0.25	0.4	0.24		0.38	JHS
MHD	0.0	0.8	0.83	0.0	0.88	0.68	0.89	0.77	0.38		MHD
	CBH	CXH	EOT	IHTA	MHN	NXC	MVT	DTF	JHS	MHD

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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

MHD	+ 0.89	MVT
MHD	+ 0.88	MHN
MVT	+ 0.87	EOT
DTF	+ 0.86	MVT
MHN	+ 0.85	EOT
MVT	+ 0.84	MHN

High negative correlations

MHD	- 0.0	IHTA
JHS	- 0.0	IHTA
DTF	- 0.0	IHTA
MVT	- 0.0	IHTA
NXC	- 0.0	IHTA
MHN	- 0.0	IHTA

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS High Company 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 High'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
CBH	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.42	(0.05)	0.84	0.76	(1.01)	2.56
EOT	0.47	(0.06)	(0.34)	1.01	(1.28)	2.87
IHTA	0.00	0.00	0.00	0.00	0.00	0.00
MHN	0.47	(0.08)	(0.50)	0.69	(1.23)	2.81
NXC	0.34	(0.01)	(0.14)	0.69	(0.68)	1.98
MVT	0.48	(0.04)	(0.24)	0.93	(1.22)	3.47
DTF	0.32	0.00	0.00	0.72	(0.62)	1.72
JHS	0.38	(0.01)	(0.13)	0.64	(0.91)	2.23
MHD	0.51	(0.09)	(0.70)	0.94	(1.05)	2.80

MFS High Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile

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