Mfs Growth Correlations
| MAGEX Fund | USD 23.99 0.08 0.33% |
The current 90-days correlation between Mfs Growth Allocation and Blackrock Conservative Prprdptfinstttnl is 0.7 (i.e., Poor diversification). The correlation of Mfs Growth 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 Growth Correlation With Market
Poor diversification
The correlation between Mfs Growth Allocation and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth Allocation and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving together with Mfs Mutual Fund
| 0.84 | LFTFX | Mfs Lifetime 2065 | PairCorr |
| 0.84 | LFTMX | Mfs Lifetime 2065 | PairCorr |
| 0.84 | LFTKX | Mfs Lifetime 2065 | PairCorr |
| 0.84 | LFTLX | Mfs Lifetime 2065 | PairCorr |
| 0.8 | UIVCX | Mfs Intrinsic Value | PairCorr |
| 0.8 | UIVPX | Mfs Intrinsic Value | PairCorr |
| 0.8 | UIVQX | Mfs Intrinsic Value | PairCorr |
| 0.8 | UIVNX | Mfs Intrinsic Value | PairCorr |
| 0.8 | UIVMX | Mfs Intrinsic Value | PairCorr |
| 0.8 | UIVRX | Mfs Intrinsic Value | PairCorr |
| 0.69 | OTCJX | Mfs Mid Cap | PairCorr |
| 0.69 | OTCKX | Mfs Mid Cap | PairCorr |
| 0.69 | OTCGX | Mfs Mid Cap | PairCorr |
| 0.69 | OTCAX | Mfs Mid Cap | PairCorr |
| 0.69 | OTCBX | Mfs Mid Cap | PairCorr |
| 0.64 | BRWUX | Mfs Blended Research | PairCorr |
| 0.63 | BRWCX | Mfs Blended Research | PairCorr |
| 0.97 | MLFAX | Mfs Lifetime 2040 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Growth 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 Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BICPX | 0.24 | 0.01 | 0.16 | (0.02) | 0.31 | 0.54 | 1.55 | |||
| FHCOX | 0.05 | 0.01 | 0.00 | 0.92 | 0.00 | 0.10 | 0.51 | |||
| HIIDX | 0.63 | 0.08 | 0.12 | 0.08 | 0.82 | 1.27 | 5.23 | |||
| FZABX | 0.74 | 0.11 | 0.12 | 0.10 | 1.01 | 1.45 | 6.16 | |||
| TFCAX | 0.02 | 0.00 | 0.00 | (0.28) | 0.00 | 0.10 | 0.40 | |||
| OIDAX | 0.72 | (0.01) | 0.00 | (0.10) | 0.00 | 1.42 | 5.03 | |||
| XWDIX | 0.20 | (0.02) | 0.00 | (0.34) | 0.00 | 0.33 | 1.59 | |||
| MDBLX | 0.23 | 0.02 | 0.31 | 0.31 | 0.15 | 0.50 | 1.38 |