Mfs Inflation Correlations

Mutual Funds . USA . 
Fund . Mfs Inflation Adjusted Bond
MIAKX Fund  USD 8.87  0.02  0.22%   
The current 90-days correlation between Mfs Inflation Adjusted and Mfs Prudent Investor is 0.25 (i.e., Modest diversification). The correlation of Mfs Inflation 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 Inflation Correlation With Market

Average diversification

The correlation between Mfs Inflation Adjusted Bond and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Inflation Adjusted Bond 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 Inflation Adjusted Bond. 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 industry.

Moving together with Mfs Mutual Fund

  0.85FPPJX Mfs Prudent InvestorPairCorr
  0.85FPPQX Mfs Prudent InvestorPairCorr
  0.84FPPRX Mfs Prudent InvestorPairCorr
  0.85FPPSX Mfs Prudent InvestorPairCorr
  0.85FPPUX Mfs Prudent InvestorPairCorr
  0.85FPPVX Mfs Prudent InvestorPairCorr
  0.92MKVCX Mfs International LargePairCorr
  0.92MKVBX Mfs International LargePairCorr
  0.91MKVGX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.92MKVDX Mfs International LargePairCorr
  0.91MKVIX Mfs International LargePairCorr
  0.9MKVHX Mfs Series TrustPairCorr
  0.78BRKBX Mfs Blended ResearchPairCorr
  0.77BRKCX Mfs Blended ResearchPairCorr
  0.81BRKAX Mfs Blended ResearchPairCorr
  0.86EMLBX Mfs Emerging MarketsPairCorr

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 Inflation 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 Inflation'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  0.34 (0.08) 0.00 (0.31) 0.00 
 0.00 
 0.51 
(0.90)
 4.20 
FPPQX  0.34 (0.08) 0.00 (0.32) 0.00 
 0.00 
 0.58 
(0.90)
 3.96 
FPPRX  0.32 (0.07) 0.00 (0.34) 0.00 
 0.00 
 0.52 
(0.91)
 3.35 
FPPSX  0.34 (0.08) 0.00 (0.33) 0.00 
 0.00 
 0.58 
(0.90)
 3.80 
FPPUX  0.34 (0.08) 0.00 (0.32) 0.00 
 0.00 
 0.58 
(0.81)
 4.20 
FPPVX  0.33 (0.08) 0.00 (0.31) 0.00 
 0.00 
 0.50 
(0.89)
 4.28 
LFTFX  0.48 (0.07) 0.00 (0.50) 0.00 
 0.00 
 0.87 
(0.86)
 4.53 
LFTJX  0.47 (0.06) 0.00 (0.42) 0.00 
 0.00 
 0.87 
(0.87)
 3.78 
LFTGX  0.46 (0.07) 0.00 (0.43) 0.00 
 0.00 
 0.87 
(0.87)
 4.09 
LFTHX  0.48 (0.07) 0.00 (0.53) 0.00 
 0.00 
 0.86 
(0.95)
 4.70 

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