Mfs Series Correlations

Mutual Funds . USA . 
Fund . Mfs Series Trust
MAMPX Fund  USD 21.14  0.07  0.33%   
The current 90-days correlation between Mfs Series Trust and Mfs Prudent Investor is 0.63 (i.e., Poor diversification). The correlation of Mfs Series 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 Series Correlation With Market

Average diversification

The correlation between Mfs Series Trust and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Series Trust 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 Series Trust. 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

  0.84LFTFX Mfs Lifetime 2065PairCorr
  0.85LFTJX Mfs Lifetime 2065PairCorr
  0.85LFTGX Mfs Lifetime 2065PairCorr
  0.84LFTHX Mfs Lifetime 2065PairCorr
  0.84LFTMX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.91LFTKX Mfs Lifetime 2065PairCorr
  0.84LFTLX Mfs Lifetime 2065PairCorr
  0.68HYPPX Mfs High YieldPairCorr
  0.76UIVIX Mfs Intrinsic ValuePairCorr
  0.77UIVCX Mfs Intrinsic ValuePairCorr
  0.76UIVPX Mfs Intrinsic ValuePairCorr
  0.76UIVQX Mfs Intrinsic ValuePairCorr
  0.77UIVNX Mfs Intrinsic ValuePairCorr
  0.77UIVMX Mfs Intrinsic ValuePairCorr
  0.85UIVVX Mfs Intrinsic ValuePairCorr
  0.76UIVRX Mfs Intrinsic ValuePairCorr
  0.62OTCIX Mfs Mid CapPairCorr
  0.62OTCJX Mfs Mid CapPairCorr
  0.66OTCGX Mfs Mid CapPairCorr
  0.61OTCAX Mfs Mid CapPairCorr

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 Series 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 Series' 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 (0.16) 0.60  0.32 
(0.31)
 0.58 
(0.59)
 1.82 
FPPQX  0.29  0.02 (0.16) 0.63  0.32 
(0.31)
 0.58 
(0.59)
 1.74 
FPPRX  0.28  0.01 (0.17) 0.41  0.32 
(0.30)
 0.59 
(0.60)
 1.85 
FPPSX  0.29  0.02 (0.17) 0.61  0.33 
(0.30)
 0.58 
(0.59)
 1.83 
FPPUX  0.28  0.02 (0.18) 0.68  0.31 
(0.31)
 0.58 
(0.59)
 1.82 
FPPVX  0.27  0.02 (0.17) 0.60  0.30 
(0.30)
 0.51 
(0.59)
 1.82 
LFTFX  0.41  0.00 (0.07) 0.09  0.38 
(0.49)
 0.87 
(0.67)
 2.82 
LFTJX  0.40  0.00 (0.07) 0.08  0.39 
(0.49)
 0.87 
(0.76)
 2.93 
LFTGX  0.39  0.00 (0.08) 0.08  0.37 
(0.48)
 0.87 
(0.67)
 2.84 
LFTHX  0.41  0.00 (0.08) 0.09  0.38 
(0.50)
 0.86 
(0.67)
 2.80 

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