Massachusetts Investors Correlations

MITTX Fund

USD 35.99 0.27 0.74%

The current 90-days correlation between Massachusetts Investors and Small Pany Growth is 0.45 (i.e., Very 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 Trust and DJI is -0.09 (i.e., Good 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 estimate.

Moving together with Massachusetts Mutual Fund

0.77	FPPJX	Mfs Prudent Investor	Pair Corr
0.76	FPPQX	Mfs Prudent Investor	Pair Corr
0.69	FPPRX	Mfs Prudent Investor	Pair Corr
0.74	FPPSX	Mfs Prudent Investor	Pair Corr
0.78	FPPUX	Mfs Prudent Investor	Pair Corr
0.75	FPPVX	Mfs Prudent Investor	Pair Corr
0.9	LFTFX	Mfs Lifetime 2065	Pair Corr
0.9	LFTJX	Mfs Lifetime 2065	Pair Corr
0.9	LFTGX	Mfs Lifetime 2065	Pair Corr
0.9	LFTHX	Mfs Lifetime 2065	Pair Corr
0.9	LFTMX	Mfs Lifetime 2065	Pair Corr
0.9	LFTNX	Mfs Lifetime 2065	Pair Corr
0.9	LFTKX	Mfs Lifetime 2065	Pair Corr
0.9	LFTLX	Mfs Lifetime 2065	Pair Corr
0.86	UIVIX	Mfs Intrinsic Value	Pair Corr
0.84	UIVCX	Mfs Intrinsic Value	Pair Corr
0.85	UIVPX	Mfs Intrinsic Value	Pair Corr
0.86	UIVQX	Mfs Intrinsic Value	Pair Corr
0.84	UIVNX	Mfs Intrinsic Value	Pair Corr
0.84	UIVMX	Mfs Intrinsic Value	Pair Corr
0.85	UIVVX	Mfs Intrinsic Value	Pair Corr
0.86	UIVRX	Mfs Intrinsic Value	Pair Corr
0.76	OTCHX	Mfs Mid Cap	Pair Corr
0.75	OTCIX	Mfs Mid Cap	Pair Corr
0.75	OTCJX	Mfs Mid Cap	Pair Corr
0.75	OTCKX	Mfs Mid Cap	Pair Corr
0.71	MKVCX	Mfs International Large	Pair Corr
0.77	MKVBX	Mfs International Large	Pair Corr
0.77	OTCGX	Mfs Mid Cap	Pair Corr
0.73	MKVGX	Mfs International Large	Pair Corr
0.72	MKVFX	Mfs International Large	Pair Corr
0.72	MKVEX	Mfs International Large	Pair Corr
0.75	MKVDX	Mfs International Large	Pair Corr
0.73	MKVIX	Mfs International Large	Pair Corr
0.73	MKVHX	Mfs Series Trust	Pair Corr
0.76	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	MSSGX	PRNHX	CIPMX	FGTZX	TRBCX	UPDDX	TEGAX	LANIX
MSSGX		0.62	0.37	0.44	0.92	0.84	0.82	0.38	MSSGX
PRNHX	0.62		0.79	0.82	0.63	0.55	0.88	0.78	PRNHX
CIPMX	0.37	0.79		0.82	0.34	0.33	0.74	0.83	CIPMX
FGTZX	0.44	0.82	0.82		0.56	0.47	0.75	0.94	FGTZX
TRBCX	0.92	0.63	0.34	0.56		0.9	0.77	0.48	TRBCX
UPDDX	0.84	0.55	0.33	0.47	0.9		0.73	0.4	UPDDX
TEGAX	0.82	0.88	0.74	0.75	0.77	0.73		0.7	TEGAX
LANIX	0.38	0.78	0.83	0.94	0.48	0.4	0.7		LANIX
	MSSGX	PRNHX	CIPMX	FGTZX	TRBCX	UPDDX	TEGAX	LANIX

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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
MSSGX	1.53	0.47	0.25	23.13	1.41	(1.89)	3.70	(2.26)	11.77
PRNHX	0.83	0.04	0.02	0.13	1.15	(0.85)	1.67	(1.34)	7.56
CIPMX	0.82	(0.06)	0.00	2.44	0.00	0.00	1.26	(1.21)	12.40
FGTZX	0.46	(0.02)	0.00	(0.09)	0.00	0.00	0.89	(0.96)	3.53
TRBCX	0.76	0.14	0.10	1.21	0.91	(0.76)	1.57	(1.50)	5.70
UPDDX	1.16	0.21	0.13	0.87	1.27	(1.24)	2.58	(2.17)	8.50
TEGAX	0.93	0.12	0.08	0.79	1.12	(0.98)	2.13	(1.56)	7.72
LANIX	0.57	(0.05)	0.00	(0.14)	0.00	0.00	1.04	(0.87)	8.27

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Massachusetts Investors Correlations

Massachusetts Investors Correlation With Market

Good diversification

Moving together with Massachusetts Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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