Massachusetts Investors Correlations

Mutual Funds . USA . 
Fund . Massachusetts Investors Trust
MITBX Fund  USD 33.95  0.37  1.10%   
The current 90-days correlation between Massachusetts Investors and Mfs Prudent Investor is 0.19 (i.e., Average 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

Weak diversification

The correlation between Massachusetts Investors Trust and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Trust 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 Trust. 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 bureau of labor statistics.

Moving together with Massachusetts Mutual Fund

  0.8LFTFX Mfs Lifetime 2065PairCorr
  0.8LFTJX Mfs Lifetime 2065PairCorr
  0.8LFTGX Mfs Lifetime 2065PairCorr
  0.81LFTHX Mfs Lifetime 2065PairCorr
  0.81LFTMX Mfs Lifetime 2065PairCorr
  0.81LFTNX Mfs Lifetime 2065PairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.8LFTLX Mfs Lifetime 2065PairCorr
  0.83UIVIX Mfs Intrinsic ValuePairCorr
  0.82UIVCX Mfs Intrinsic ValuePairCorr
  0.83UIVPX Mfs Intrinsic ValuePairCorr
  0.83UIVQX Mfs Intrinsic ValuePairCorr
  0.82UIVNX Mfs Intrinsic ValuePairCorr
  0.82UIVMX Mfs Intrinsic ValuePairCorr
  0.83UIVVX Mfs Intrinsic ValuePairCorr
  0.83UIVRX Mfs Intrinsic ValuePairCorr
  0.68OTCHX Mfs Mid CapPairCorr
  0.69OTCIX Mfs Mid CapPairCorr
  0.68OTCJX Mfs Mid CapPairCorr
  0.69OTCKX Mfs Mid CapPairCorr
  0.63OTCGX Mfs Mid CapPairCorr
  0.68OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.34 (0.08) 0.00 (0.33) 0.00 
 0.00 
 0.51 
(0.90)
 4.20 
FPPQX  0.34 (0.08) 0.00 (0.33) 0.00 
 0.00 
 0.58 
(0.90)
 3.96 
FPPRX  0.32 (0.07) 0.00 (0.31) 0.00 
 0.00 
 0.52 
(0.91)
 3.35 
FPPSX  0.34 (0.08) 0.00 (0.31) 0.00 
 0.00 
 0.58 
(0.90)
 3.80 
FPPUX  0.34 (0.08) 0.00 (0.31) 0.00 
 0.00 
 0.58 
(0.81)
 4.20 
FPPVX  0.33 (0.08) 0.00 (0.33) 0.00 
 0.00 
 0.50 
(0.89)
 4.28 
LFTFX  0.41 (0.05) 0.00 (0.07) 0.00 
 0.00 
 0.77 
(0.85)
 3.83 
LFTJX  0.41 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.68 
(0.76)
 3.76 
LFTGX  0.40 (0.06) 0.00 (0.08) 0.00 
 0.00 
 0.68 
(0.76)
 3.77 
LFTHX  0.41 (0.05) 0.00 (0.07) 0.00 
 0.00 
 0.76 
(0.85)
 3.72 

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