Mfs Commodity Correlations

Mutual Funds USA . 
Fund . Mfs Modity Strategy
MCSRX Fund  USD 3.63  0.01  0.28%   
The current 90-days correlation between Mfs Modity Strategy and Mfs Prudent Investor is 0.14 (i.e., Average diversification). The correlation of Mfs Commodity 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 Commodity Correlation With Market

Good diversification

The correlation between Mfs Modity Strategy and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Modity Strategy 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 Modity Strategy. 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.61FPPJX Mfs Prudent InvestorPairCorr
  0.61FPPUX Mfs Prudent InvestorPairCorr
  0.62FPPVX Mfs Prudent InvestorPairCorr
  0.71LFTFX Mfs Lifetime 2065PairCorr
  0.71LFTJX Mfs Lifetime 2065PairCorr
  0.71LFTGX Mfs Lifetime 2065PairCorr
  0.71LFTHX Mfs Lifetime 2065PairCorr
  0.71LFTMX Mfs Lifetime 2065PairCorr
  0.71LFTNX Mfs Lifetime 2065PairCorr
  0.71LFTKX Mfs Lifetime 2065PairCorr
  0.7LFTLX Mfs Lifetime 2065PairCorr
  0.62HYPPX Mfs High YieldPairCorr
  0.83BRKBX Mfs Blended ResearchPairCorr
  0.83BRKCX Mfs Blended ResearchPairCorr
  0.84BRKAX Mfs Blended ResearchPairCorr

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 Commodity 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 Commodity'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  0.28 (0.02)(0.28) 0.02  0.35 
(0.30)
 0.51 
(0.67)
 1.82 
FPPQX  0.29 (0.02)(0.29) 0.01  0.36 
(0.31)
 0.58 
(0.67)
 1.74 
FPPRX  0.28 (0.03)(0.30) 0.00  0.36 
(0.30)
 0.52 
(0.76)
 1.85 
FPPSX  0.29 (0.02)(0.30) 0.00  0.37 
(0.30)
 0.58 
(0.67)
 1.83 
FPPUX  0.29 (0.02)(0.30) 0.02  0.35 
(0.32)
 0.58 
(0.75)
 1.82 
FPPVX  0.27 (0.02)(0.30) 0.02  0.34 
(0.29)
 0.50 
(0.66)
 1.82 
LFTFX  0.45 (0.03)(0.11) 0.08  0.52 
(0.52)
 0.87 
(0.86)
 2.82 
LFTJX  0.45 (0.03)(0.11) 0.08  0.53 
(0.52)
 0.87 
(0.87)
 2.93 
LFTGX  0.44 (0.03)(0.11) 0.08  0.52 
(0.51)
 0.87 
(0.87)
 2.84 
LFTHX  0.45 (0.03)(0.11) 0.08  0.52 
(0.53)
 0.86 
(0.95)
 2.80 

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