MFS Charter Correlations

MCR Stock

USD 6.28 0.01 0.16%

The current 90-days correlation between MFS Charter Income and MFS High Income is 0.35 (i.e., Weak diversification). The correlation of MFS Charter 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 Charter Correlation With Market

Modest diversification

The correlation between MFS Charter Income and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Charter Income 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 Charter 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 main economic indicators.

Moving together with MFS Stock

0.86	V	Visa Class A	Pair Corr
0.84	MA	Mastercard Sell-off Trend	Pair Corr
0.69	COF	Capital One Financial	Pair Corr
0.69	TWO	Two Harbors Investments	Pair Corr
0.71	OPFI	OppFi Inc	Pair Corr
0.86	COOP	Mr Cooper Group	Pair Corr
0.73	C	Citigroup Aggressive Push	Pair Corr
0.69	AC	Associated Capital	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.69	GL	Globe Life	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr

Moving against MFS Stock

0.64	VEL	Velocity Financial Llc	Pair Corr
0.45	DHIL	Diamond Hill Investment	Pair Corr
0.43	WD	Walker Dunlop	Pair Corr
0.41	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.8	VALU	Value Line	Pair Corr
0.6	EG	Everest Group	Pair Corr
0.45	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.38	TW	Tradeweb Markets Normal Trading	Pair Corr
0.37	WT	WisdomTree	Pair Corr
0.31	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	CXE	CBH	CXH	EOT	IHTA	CMU	MFM	DTF	MGF	MIN
CXE		0.0	0.83	0.91	0.0	0.87	0.91	0.8	0.58	0.75	CXE
CBH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CBH
CXH	0.83	0.0		0.82	0.0	0.9	0.86	0.82	0.62	0.72	CXH
EOT	0.91	0.0	0.82		0.0	0.84	0.9	0.73	0.52	0.69	EOT
IHTA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IHTA
CMU	0.87	0.0	0.9	0.84	0.0		0.86	0.8	0.67	0.79	CMU
MFM	0.91	0.0	0.86	0.9	0.0	0.86		0.79	0.65	0.8	MFM
DTF	0.8	0.0	0.82	0.73	0.0	0.8	0.79		0.5	0.79	DTF
MGF	0.58	0.0	0.62	0.52	0.0	0.67	0.65	0.5		0.77	MGF
MIN	0.75	0.0	0.72	0.69	0.0	0.79	0.8	0.79	0.77		MIN
	CXE	CBH	CXH	EOT	IHTA	CMU	MFM	DTF	MGF	MIN

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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

EOT	+ 0.91	CXE
MFM	+ 0.91	CXE
CMU	+ 0.9	CXH
MFM	+ 0.9	EOT
CMU	+ 0.87	CXE
MFM	+ 0.86	CXH

High negative correlations

MIN	- 0.0	IHTA
MGF	- 0.0	IHTA
DTF	- 0.0	IHTA
MFM	- 0.0	IHTA
CMU	- 0.0	IHTA
IHTA	- 0.0	EOT

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Charter 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 Charter'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
CXE	0.61	(0.04)	0.00	(0.69)	0.00	0.00	0.82	(1.33)	4.08
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXH	0.42	(0.06)	0.00	0.99	0.00	0.00	0.76	(1.01)	2.37
EOT	0.48	(0.04)	0.00	(0.25)	0.00	0.00	1.01	(1.28)	2.87
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMU	0.42	(0.05)	0.00	0.36	0.00	0.00	0.86	(1.11)	2.25
MFM	0.62	(0.03)	0.00	(0.22)	0.00	0.00	1.12	(1.50)	3.55
DTF	0.32	(0.02)	0.00	(0.83)	0.00	0.00	0.72	(0.62)	1.72
MGF	0.45	0.02	0.12	0.06	0.53	(0.55)	0.67	(0.98)	1.99
MIN	0.46	0.01	0.10	(0.31)	0.59	(0.59)	1.12	(1.11)	2.67

MFS Charter Corporate Management

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

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