Mfs Research Correlations

MRFIX Fund

USD 57.78 0.22 0.38%

The correlation of Mfs Research 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 Research Correlation With Market

Poor diversification

The correlation between Mfs Research Fund and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Research Fund 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 Research Fund. 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 gross domestic product.

Moving together with Mfs Mutual Fund

0.82	LFTFX	Mfs Lifetime 2065	Pair Corr
0.84	LFTJX	Mfs Lifetime 2065	Pair Corr
0.84	LFTGX	Mfs Lifetime 2065	Pair Corr
0.82	LFTHX	Mfs Lifetime 2065	Pair Corr
0.82	LFTMX	Mfs Lifetime 2065	Pair Corr
0.81	LFTNX	Mfs Lifetime 2065	Pair Corr
0.83	LFTKX	Mfs Lifetime 2065	Pair Corr
0.82	LFTLX	Mfs Lifetime 2065	Pair Corr
0.95	UIVCX	Mfs Intrinsic Value	Pair Corr
0.95	UIVPX	Mfs Intrinsic Value	Pair Corr
0.95	UIVQX	Mfs Intrinsic Value	Pair Corr
0.95	UIVNX	Mfs Intrinsic Value	Pair Corr
0.95	UIVMX	Mfs Intrinsic Value	Pair Corr
0.95	UIVVX	Mfs Intrinsic Value	Pair Corr
0.95	UIVRX	Mfs Intrinsic Value	Pair Corr
0.98	OTCIX	Mfs Mid Cap	Pair Corr
0.98	OTCJX	Mfs Mid Cap	Pair Corr
0.98	OTCKX	Mfs Mid Cap	Pair Corr
0.98	OTCGX	Mfs Mid Cap	Pair Corr
0.98	OTCAX	Mfs Mid Cap	Pair Corr
0.98	OTCBX	Mfs Mid Cap	Pair Corr
0.98	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.39	MKVCX	Mfs International Large	Pair Corr
0.39	MKVGX	Mfs International Large	Pair Corr
0.39	MKVFX	Mfs International Large	Pair Corr
0.39	MKVDX	Mfs International Large	Pair Corr
0.39	MKVHX	Mfs Series Trust	Pair Corr
0.45	EMLNX	Mfs Emerging Markets	Pair Corr
0.45	EMLMX	Mfs Emerging Markets	Pair Corr
0.45	EMLIX	Mfs Emerging Markets	Pair Corr
0.43	EMLBX	Mfs Emerging Markets	Pair Corr
0.43	EMLAX	Mfs Emerging Markets	Pair Corr
0.43	EMLLX	Mfs Emerging Markets	Pair Corr
0.43	EMLKX	Mfs Emerging Markets	Pair Corr
0.43	EMLJX	Mfs Emerging Markets	Pair Corr
0.43	EMLCX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	FTIXX	RMBKX	ICFAX	RMBLX	MSVIX	PGFMX
FTIXX		0.0	0.0	0.0	0.0	0.0	FTIXX
RMBKX	0.0		0.88	1.0	0.86	0.54	RMBKX
ICFAX	0.0	0.88		0.88	0.79	0.46	ICFAX
RMBLX	0.0	1.0	0.88		0.86	0.54	RMBLX
MSVIX	0.0	0.86	0.79	0.86		0.29	MSVIX
PGFMX	0.0	0.54	0.46	0.54	0.29		PGFMX
	FTIXX	RMBKX	ICFAX	RMBLX	MSVIX	PGFMX

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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

RMBLX	+ 1.0	RMBKX
ICFAX	+ 0.88	RMBKX
RMBLX	+ 0.88	ICFAX
MSVIX	+ 0.86	RMBKX
MSVIX	+ 0.86	RMBLX
MSVIX	+ 0.79	ICFAX

High negative correlations

PGFMX	- 0.0	FTIXX
MSVIX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX
ICFAX	- 0.0	FTIXX
RMBKX	- 0.0	FTIXX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Research 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 Research's 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
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00
RMBKX	1.12	(0.13)	(0.20)	2.19	(3.08)	6.79
ICFAX	0.81	(0.06)	(0.13)	1.28	(2.10)	3.93
RMBLX	1.12	(0.13)	(0.20)	2.20	(3.09)	6.78
MSVIX	0.96	(0.18)	(0.27)	1.40	(2.19)	10.85
PGFMX	0.39	0.01	(0.05)	0.85	(0.86)	2.21

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