MFS Municipal Correlations
| MFM Stock | USD 5.41 0.02 0.37% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Municipal Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
MFS Municipal Correlation With Market
Modest diversification
The correlation between MFS Municipal Income and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Municipal Income and DJI in the same portfolio, assuming nothing else is changed.
MFS |
Moving together with MFS Stock
| 0.78 | V | Visa Class A | PairCorr |
| 0.69 | MA | Mastercard | PairCorr |
| 0.66 | WSBF | Waterstone Financial | PairCorr |
| 0.61 | GDST | Goldenstone Acquisition | PairCorr |
| 0.67 | SNFCA | Security National Earnings Call This Week | PairCorr |
| 0.74 | BBDC | Barings BDC | PairCorr |
| 0.77 | COOP | Mr Cooper Group | PairCorr |
| 0.73 | BK | Bank of New York | PairCorr |
Moving against MFS Stock
| 0.53 | ORGN | Origin Materials | PairCorr |
| 0.42 | WD | Walker Dunlop | PairCorr |
| 0.34 | SYF | Synchrony Financial | PairCorr |
| 0.59 | PYPL | PayPal Holdings | PairCorr |
| 0.5 | BITF | Bitfarms | PairCorr |
| 0.41 | CODI | Compass Diversified | PairCorr |
| 0.33 | DHIL | Diamond Hill Investment | PairCorr |
| 0.55 | LC | LendingClub Corp | PairCorr |
| 0.43 | KB | KB Financial Group | PairCorr |
| 0.42 | EG | Everest Group | PairCorr |
| 0.37 | CM | Canadian Imperial Bank | PairCorr |
| 0.32 | BX | Blackstone Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between MFS Stock performing well and MFS Municipal 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 Municipal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOT | 0.47 | (0.03) | 0.00 | (0.20) | 0.00 | 1.01 | 2.87 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MHN | 0.47 | (0.02) | 0.00 | (0.18) | 0.00 | 0.87 | 2.81 | |||
| NXC | 0.36 | 0.01 | 0.13 | (0.02) | 0.43 | 0.78 | 1.98 | |||
| CXH | 0.38 | 0.00 | 0.00 | (0.11) | 0.00 | 0.76 | 2.37 | |||
| FMN | 0.45 | (0.02) | 0.00 | (0.19) | 0.00 | 0.81 | 3.01 | |||
| MQY | 0.52 | (0.06) | 0.00 | (0.30) | 0.00 | 1.04 | 2.85 | |||
| MQT | 0.49 | (0.01) | 0.00 | (0.11) | 0.00 | 1.10 | 3.03 | |||
| CXE | 0.59 | (0.02) | 0.00 | (0.30) | 0.00 | 0.82 | 4.08 |
MFS Municipal Corporate Management
| James Kilman | Independent Trustee | Profile | |
| Amanda Mooradian | Assistant Secretary, Assistant Clerk | Profile | |
| Susan Pereira | Assistant Secretary and Assistant Clerk | Profile | |
| Laurie Thomsen | Independent Trustee | Profile | |
| CFA CPA | Portfolio Manager | Profile |