Mfs Income Correlations

Mutual Funds . USA . 
Fund . Mfs Income Fund
MFIWX Fund  USD 5.84  0.01  0.17%   
The current 90-days correlation between Mfs Income Fund and Mfs Prudent Investor is 0.21 (i.e., Modest diversification). The correlation of Mfs Income 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 Income Correlation With Market

Significant diversification

The correlation between Mfs Income Fund and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Income Fund 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 Income Fund. 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

  0.81FPPJX Mfs Prudent InvestorPairCorr
  0.82FPPQX Mfs Prudent InvestorPairCorr
  0.82FPPRX Mfs Prudent InvestorPairCorr
  0.84FPPSX Mfs Prudent InvestorPairCorr
  0.82FPPUX Mfs Prudent InvestorPairCorr
  0.82FPPVX Mfs Prudent InvestorPairCorr
  0.63LFTFX Mfs Lifetime 2065PairCorr
  0.65LFTJX Mfs Lifetime 2065PairCorr
  0.65LFTGX Mfs Lifetime 2065PairCorr
  0.63LFTHX Mfs Lifetime 2065PairCorr
  0.62LFTMX Mfs Lifetime 2065PairCorr
  0.62LFTNX Mfs Lifetime 2065PairCorr
  0.64LFTKX Mfs Lifetime 2065PairCorr
  0.63LFTLX Mfs Lifetime 2065PairCorr
  0.8MKVCX Mfs International LargePairCorr
  0.79MKVBX Mfs International LargePairCorr
  0.8MKVGX Mfs International LargePairCorr
  0.79MKVFX Mfs International LargePairCorr
  0.8MKVEX Mfs International LargePairCorr
  0.8MKVDX Mfs International LargePairCorr
  0.79MKVIX Mfs International LargePairCorr
  0.78MKVHX Mfs Series TrustPairCorr
  0.73BRKBX Mfs Blended ResearchPairCorr
  0.72BRKCX Mfs Blended ResearchPairCorr
  0.75BRKAX 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 Income 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 Income'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  0.33 (0.08) 0.00 (4.97) 0.00 
 0.00 
 0.42 
(0.75)
 3.88 
FPPQX  0.32 (0.08) 0.00 (6.46) 0.00 
 0.00 
 0.50 
(0.75)
 3.73 
FPPRX  0.30 (0.07) 0.00 (5.57) 0.00 
 0.00 
 0.43 
(0.76)
 3.02 
FPPSX  0.32 (0.08) 0.00 (0.40) 0.00 
 0.00 
 0.42 
(0.75)
 3.49 
FPPUX  0.32 (0.08) 0.00 (4.29) 0.00 
 0.00 
 0.50 
(0.75)
 3.89 
FPPVX  0.31 (0.08) 0.00 (7.26) 0.00 
 0.00 
 0.50 
(0.66)
 3.95 
LFTFX  0.48 (0.08) 0.00 (0.47) 0.00 
 0.00 
 0.81 
(0.86)
 4.53 
LFTJX  0.47 (0.07) 0.00 (0.40) 0.00 
 0.00 
 0.81 
(0.87)
 3.78 
LFTGX  0.46 (0.07) 0.00 (0.41) 0.00 
 0.00 
 0.81 
(0.87)
 4.09 
LFTHX  0.48 (0.08) 0.00 (0.49) 0.00 
 0.00 
 0.81 
(0.95)
 4.70 

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