Mfs Global Correlations
| MGLIX Fund | USD 15.83 0.16 1.00% |
The correlation of Mfs Global 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 Global Correlation With Market
Good diversification
The correlation between Mfs Global Real and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving together with Mfs Mutual Fund
| 0.63 | LFTNX | Mfs Lifetime 2065 | PairCorr |
| 0.67 | UIVIX | Mfs Intrinsic Value | PairCorr |
| 0.66 | MLFIX | Mfs Lifetime 2040 | PairCorr |
| 0.65 | MLLGX | Mfs Lifetime Income | PairCorr |
| 0.63 | MMABX | Mfs Moderate Allocation | PairCorr |
| 0.67 | MMIDX | Mfs Municipal Income | PairCorr |
| 0.73 | MMIBX | Mfs Municipal Income | PairCorr |
| 0.75 | MPWVX | Mfs West Virginia | PairCorr |
| 0.66 | MAAHX | Mfs Aggressive Growth | PairCorr |
| 0.63 | MACKX | Mfs Servative Allocation | PairCorr |
| 0.65 | MAGWX | Mfs Growth Allocation | PairCorr |
| 0.77 | MSFJX | Mfs Total Return | PairCorr |
| 0.79 | MBMAX | Mfs Massachusetts | PairCorr |
| 0.79 | MBNYX | Mfs New York | PairCorr |
| 0.78 | MTRBX | Mfs Total Return | PairCorr |
| 0.77 | MTRIX | Mfs Total Return | 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
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Global 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 Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMFXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STSEX | 0.60 | 0.02 | 0.00 | (0.04) | 0.00 | 1.42 | 3.30 | |||
| ICAXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFCXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |