Massachusetts Investors Correlations

MIGFX Fund

USD 40.84 0.32 0.79%

The current 90-days correlation between Massachusetts Investors and Furyax is 0.02 (i.e., Significant diversification). The correlation of Massachusetts Investors 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.

Massachusetts Investors Correlation With Market

Good diversification

The correlation between Massachusetts Investors Growth and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Growth 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 Massachusetts Investors Growth. 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 census.

Moving together with Massachusetts Mutual Fund

0.69	LFTFX	Mfs Lifetime 2065	Pair Corr
0.71	LFTJX	Mfs Lifetime 2065	Pair Corr
0.71	LFTGX	Mfs Lifetime 2065	Pair Corr
0.69	LFTHX	Mfs Lifetime 2065	Pair Corr
0.81	UIVIX	Mfs Intrinsic Value	Pair Corr
0.82	UIVCX	Mfs Intrinsic Value	Pair Corr
0.81	UIVPX	Mfs Intrinsic Value	Pair Corr
0.81	UIVQX	Mfs Intrinsic Value	Pair Corr
0.82	UIVNX	Mfs Intrinsic Value	Pair Corr
0.71	UIVMX	Mfs Intrinsic Value	Pair Corr
0.7	UIVVX	Mfs Intrinsic Value	Pair Corr
0.81	UIVRX	Mfs Intrinsic Value	Pair Corr
0.67	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	FURYAX	FWNHTX	RPBAX	FFCGX	WMCANX	FUHKBX	FTUFOX
FURYAX		0.36	0.11	0.78	0.87	0.76	-0.18	FURYAX
FWNHTX	0.36		0.02	0.37	0.46	0.13	0.53	FWNHTX
RPBAX	0.11	0.02		0.54	0.3	-0.13	0.34	RPBAX
FFCGX	0.78	0.37	0.54		0.91	0.47	0.03	FFCGX
WMCANX	0.87	0.46	0.3	0.91		0.5	0.11	WMCANX
FUHKBX	0.76	0.13	-0.13	0.47	0.5		-0.53	FUHKBX
FTUFOX	-0.18	0.53	0.34	0.03	0.11	-0.53		FTUFOX
	FURYAX	FWNHTX	RPBAX	FFCGX	WMCANX	FUHKBX	FTUFOX

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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

WMCANX	+ 0.91	FFCGX
WMCANX	+ 0.87	FURYAX
FFCGX	+ 0.78	FURYAX
FUHKBX	+ 0.76	FURYAX
FFCGX	+ 0.54	RPBAX
FTUFOX	+ 0.53	FWNHTX

High negative correlations

FTUFOX	- 0.53	FUHKBX
FTUFOX	- 0.18	FURYAX
FUHKBX	- 0.13	RPBAX

Risk-Adjusted Indicators

There is a big difference between Massachusetts Mutual Fund performing well and Massachusetts Investors 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 Massachusetts Investors' 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
FURYAX	0.69	0.03	0.00	(0.05)	0.00	0.00	1.21	(1.39)	2.96
FWNHTX	0.02	(0.01)	0.00	(4.58)	0.00	0.00	0.05	(0.04)	0.16
RPBAX	0.57	(0.12)	0.00	0.38	0.00	0.00	0.93	(1.07)	7.21
FFCGX	0.73	0.04	0.00	(0.05)	0.00	0.00	1.37	(1.56)	4.66
WMCANX	0.61	0.06	0.10	(0.01)	0.79	(0.65)	1.37	(1.29)	3.48
FUHKBX	0.69	0.02	0.00	(0.06)	0.00	0.00	1.13	(1.76)	4.79
FTUFOX	0.10	0.00	0.79	0.05	0.04	(0.10)	0.20	(0.19)	0.60

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