Massachusetts Investors Correlations

MIRGX Fund

USD 40.29 0.12 0.30%

The current 90-days correlation between Massachusetts Investors and Rbb Fund is 0.38 (i.e., Weak 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 -0.07 (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 price.

Moving together with Massachusetts Mutual Fund

0.72	FPPJX	Mfs Prudent Investor	Pair Corr
0.74	FPPQX	Mfs Prudent Investor	Pair Corr
0.67	FPPRX	Mfs Prudent Investor	Pair Corr
0.7	FPPSX	Mfs Prudent Investor	Pair Corr
0.73	FPPUX	Mfs Prudent Investor	Pair Corr
0.76	FPPVX	Mfs Prudent Investor	Pair Corr
0.88	LFTFX	Mfs Lifetime 2065	Pair Corr
0.89	LFTJX	Mfs Lifetime 2065	Pair Corr
0.88	LFTGX	Mfs Lifetime 2065	Pair Corr
0.88	LFTHX	Mfs Lifetime 2065	Pair Corr
0.88	LFTMX	Mfs Lifetime 2065	Pair Corr
0.88	LFTNX	Mfs Lifetime 2065	Pair Corr
0.88	LFTKX	Mfs Lifetime 2065	Pair Corr
0.88	LFTLX	Mfs Lifetime 2065	Pair Corr
0.82	UIVIX	Mfs Intrinsic Value	Pair Corr
0.8	UIVCX	Mfs Intrinsic Value	Pair Corr
0.81	UIVPX	Mfs Intrinsic Value	Pair Corr
0.82	UIVQX	Mfs Intrinsic Value	Pair Corr
0.8	UIVNX	Mfs Intrinsic Value	Pair Corr
0.8	UIVMX	Mfs Intrinsic Value	Pair Corr
0.81	UIVVX	Mfs Intrinsic Value	Pair Corr
0.83	UIVRX	Mfs Intrinsic Value	Pair Corr
0.69	OTCHX	Mfs Mid Cap	Pair Corr
0.65	OTCIX	Mfs Mid Cap	Pair Corr
0.68	OTCJX	Mfs Mid Cap	Pair Corr
0.68	OTCKX	Mfs Mid Cap	Pair Corr
0.67	MKVCX	Mfs International Large	Pair Corr
0.69	MKVBX	Mfs International Large	Pair Corr
0.7	OTCGX	Mfs Mid Cap	Pair Corr
0.65	MKVGX	Mfs International Large	Pair Corr
0.69	MKVFX	Mfs International Large	Pair Corr
0.69	MKVEX	Mfs International Large	Pair Corr
0.67	MKVDX	Mfs International Large	Pair Corr
0.7	MKVIX	Mfs International Large	Pair Corr
0.7	MKVHX	Mfs Series Trust	Pair Corr
0.66	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	OPTCX	FFCGX	TQAAX	MFTFX	FIJFX	ABVCX	CPUCX
OPTCX		0.25	0.13	0.53	-0.4	-0.01	-0.46	OPTCX
FFCGX	0.25		0.76	0.25	0.57	0.62	0.47	FFCGX
TQAAX	0.13	0.76		-0.15	0.75	0.93	0.4	TQAAX
MFTFX	0.53	0.25	-0.15		-0.29	-0.25	0.08	MFTFX
FIJFX	-0.4	0.57	0.75	-0.29		0.8	0.69	FIJFX
ABVCX	-0.01	0.62	0.93	-0.25	0.8		0.45	ABVCX
CPUCX	-0.46	0.47	0.4	0.08	0.69	0.45		CPUCX
	OPTCX	FFCGX	TQAAX	MFTFX	FIJFX	ABVCX	CPUCX

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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

ABVCX	+ 0.93	TQAAX
ABVCX	+ 0.8	FIJFX
TQAAX	+ 0.76	FFCGX
FIJFX	+ 0.75	TQAAX
CPUCX	+ 0.69	FIJFX
ABVCX	+ 0.62	FFCGX

High negative correlations

CPUCX	- 0.46	OPTCX
FIJFX	- 0.4	OPTCX
FIJFX	- 0.29	MFTFX
ABVCX	- 0.25	MFTFX
MFTFX	- 0.15	TQAAX
ABVCX	- 0.01	OPTCX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OPTCX	0.15	0.03	0.13	1.44	(0.22)	0.32	(0.21)	1.35
FFCGX	0.50	(0.05)	0.00	(0.34)	0.00	0.93	(1.05)	3.92
TQAAX	0.90	(0.14)	0.00	(0.31)	0.00	1.61	(1.51)	10.51
MFTFX	0.98	(0.05)	0.00	(0.89)	0.00	1.68	(2.06)	5.15
FIJFX	0.79	(0.26)	0.00	(0.51)	0.00	1.12	(1.48)	10.44
ABVCX	0.69	(0.14)	0.00	(0.65)	0.00	1.05	(0.72)	13.42
CPUCX	0.27	(0.07)	0.00	(2.86)	0.00	0.44	(0.65)	1.86

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