Mfs Series Correlations

MKVHX Fund

USD 14.64 0.06 0.41%

The current 90-days correlation between Mfs Series Trust and Great West Moderately Aggressive is 0.75 (i.e., Poor diversification). The correlation of Mfs Series 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 Series Correlation With Market

Poor diversification

The correlation between Mfs Series Trust and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Series 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 Mfs Series 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 rate.

Moving together with Mfs Mutual Fund

0.94	FPPJX	Mfs Prudent Investor	Pair Corr
0.94	FPPQX	Mfs Prudent Investor	Pair Corr
0.94	FPPRX	Mfs Prudent Investor	Pair Corr
0.94	FPPSX	Mfs Prudent Investor	Pair Corr
0.94	FPPUX	Mfs Prudent Investor	Pair Corr
0.94	FPPVX	Mfs Prudent Investor	Pair Corr
0.71	HYPPX	Mfs High Yield	Pair Corr
1.0	MKVCX	Mfs International Large	Pair Corr
0.8	MKVBX	Mfs International Large	Pair Corr
0.75	MKVGX	Mfs International Large	Pair Corr
0.75	MKVFX	Mfs International Large	Pair Corr
1.0	MKVEX	Mfs International Large	Pair Corr
0.8	MKVDX	Mfs International Large	Pair Corr
0.75	MKVIX	Mfs International Large	Pair Corr
0.84	BRKBX	Mfs Blended Research	Pair Corr
0.68	BRKCX	Mfs Blended Research	Pair Corr
0.85	BRKAX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.44	OTCHX	Mfs Mid Cap	Pair Corr
0.44	OTCJX	Mfs Mid Cap	Pair Corr
0.41	OTCGX	Mfs Mid Cap	Pair Corr
0.4	OTCIX	Mfs Mid Cap	Pair Corr
0.31	OTCKX	Mfs Mid Cap	Pair Corr
0.42	OTCAX	Mfs Mid Cap	Pair Corr
0.32	OTCBX	Mfs Mid Cap	Pair Corr
0.32	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	MXBPX	TRBNX	WMBFX	JULMX	ASMUX	TSMPX
MXBPX		0.94	0.74	0.97	0.58	0.83	MXBPX
TRBNX	0.94		0.64	0.9	0.67	0.86	TRBNX
WMBFX	0.74	0.64		0.8	0.71	0.86	WMBFX
JULMX	0.97	0.9	0.8		0.59	0.84	JULMX
ASMUX	0.58	0.67	0.71	0.59		0.83	ASMUX
TSMPX	0.83	0.86	0.86	0.84	0.83		TSMPX
	MXBPX	TRBNX	WMBFX	JULMX	ASMUX	TSMPX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Series 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 Series' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MXBPX	0.48	0.02	(0.04)	1.01	(1.00)	3.11
TRBNX	0.68	0.01	(0.06)	1.25	(1.47)	4.14
WMBFX	0.34	(0.03)	0.21	0.59	(0.68)	2.13
JULMX	0.31	0.01	(0.04)	0.65	(0.65)	1.89
ASMUX	0.52	(0.10)	0.49	0.93	(1.09)	2.58
TSMPX	0.47	(0.04)	0.27	0.87	(0.92)	2.82

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