Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Allocation
MCGWX Fund  USD 23.74  0.11  0.46%   
The current 90-days correlation between Mfs Growth Allocation and Mfs Prudent Investor is 0.23 (i.e., Modest 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

Average diversification

The correlation between Mfs Growth Allocation and DJI is 0.11 (i.e., Average 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Growth Allocation. 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 housing.

Moving together with Mfs Mutual Fund

  0.61FPPVX Mfs Prudent InvestorPairCorr
  0.97LFTFX Mfs Lifetime 2065 Potential GrowthPairCorr
  0.95LFTJX Mfs Lifetime 2065PairCorr
  0.96LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.96LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065 Potential GrowthPairCorr
  0.79UIVIX Mfs Intrinsic ValuePairCorr
  0.78UIVCX Mfs Intrinsic ValuePairCorr
  0.78UIVPX Mfs Intrinsic ValuePairCorr
  0.79UIVQX Mfs Intrinsic ValuePairCorr
  0.77UIVNX Mfs Intrinsic ValuePairCorr
  0.78UIVMX Mfs Intrinsic ValuePairCorr
  0.78UIVVX Mfs Intrinsic ValuePairCorr
  0.79UIVRX Mfs Intrinsic ValuePairCorr
  0.69OTCHX Mfs Mid CapPairCorr
  0.69OTCIX Mfs Mid CapPairCorr
  0.69OTCJX Mfs Mid CapPairCorr
  0.66OTCKX Mfs Mid CapPairCorr
  0.69OTCGX Mfs Mid CapPairCorr
  0.69OTCAX 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 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.34 (0.07) 0.00 (15.61) 0.00 
 0.00 
 0.51 
(0.90)
 4.20 
FPPQX  0.34  0.00  0.00  0.00  0.00 
 0.00 
 0.58 
(0.90)
 3.96 
FPPRX  0.32 (0.07) 0.00 (17.21) 0.00 
 0.00 
 0.52 
(0.91)
 3.35 
FPPSX  0.34 (0.07) 0.00 (14.86) 0.00 
 0.00 
 0.58 
(0.90)
 3.80 
FPPUX  0.34 (0.07) 0.00 (7.10) 0.00 
 0.00 
 0.58 
(0.81)
 4.20 
FPPVX  0.33 (0.08) 0.00 (30.33) 0.00 
 0.00 
 0.50 
(0.89)
 4.28 
LFTFX  0.48 (0.07) 0.00 (0.50) 0.00 
 0.00 
 0.87 
(0.86)
 4.53 
LFTJX  0.47 (0.06) 0.00 (0.42) 0.00 
 0.00 
 0.87 
(0.87)
 3.78 
LFTGX  0.46 (0.07) 0.00 (0.43) 0.00 
 0.00 
 0.87 
(0.87)
 4.09 
LFTHX  0.48 (0.07) 0.00 (0.53) 0.00 
 0.00 
 0.86 
(0.95)
 4.70 

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