Mfs Mid Correlations

OTCAX Fund

USD 27.18 0.11 0.40%

The current 90-days correlation between Mfs Mid Cap and Us Government Securities is 0.03 (i.e., Significant diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Good diversification

The correlation between Mfs Mid Cap and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Mfs Mid Cap. 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 nation.

Moving together with Mfs Mutual Fund

0.75	LFTNX	Mfs Lifetime 2065	Pair Corr
0.69	MTCCX	Mfs Technology	Pair Corr
0.8	MFEKX	Mfs Growth Fund	Pair Corr
0.76	MFJTX	Mfs Lifetime 2060	Pair Corr
0.76	MFJUX	Mfs Lifetime 2060	Pair Corr
0.76	MFJAX	Mfs Lifetime 2060	Pair Corr
0.76	MFJBX	Mfs Lifetime 2060	Pair Corr
0.77	MFJCX	Mfs Lifetime 2060	Pair Corr

Moving against Mfs Mutual Fund

0.52	MQLJX	Mfs Limited Maturity	Pair Corr
0.52	MFGBX	Mfs Government Securities	Pair Corr
0.45	MRBCX	Mfs Total Return	Pair Corr
0.44	MFIWX	Mfs Income Fund	Pair Corr
0.43	EMLMX	Mfs Emerging Markets	Pair Corr
0.36	MIACX	Mfs Inflation Adjusted	Pair Corr

Related Correlations Analysis

	RGVAX	GCMVX	AMHIX	AUNCX	ACASX	VSBIX	GSOIX	ATOAX
RGVAX		0.89	0.82	0.68	0.99	0.92	1.0	0.74	RGVAX
GCMVX	0.89		0.96	0.87	0.9	0.75	0.9	0.67	GCMVX
AMHIX	0.82	0.96		0.82	0.83	0.66	0.84	0.57	AMHIX
AUNCX	0.68	0.87	0.82		0.7	0.65	0.72	0.69	AUNCX
ACASX	0.99	0.9	0.83	0.7		0.88	1.0	0.69	ACASX
VSBIX	0.92	0.75	0.66	0.65	0.88		0.91	0.91	VSBIX
GSOIX	1.0	0.9	0.84	0.72	1.0	0.91		0.74	GSOIX
ATOAX	0.74	0.67	0.57	0.69	0.69	0.91	0.74		ATOAX
	RGVAX	GCMVX	AMHIX	AUNCX	ACASX	VSBIX	GSOIX	ATOAX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Mid 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 Mid'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RGVAX	0.26	0.01	0.25	0.27	0.26	(0.31)	0.60	(0.43)	1.56
GCMVX	0.10	(0.02)	0.00	(0.67)	0.00	0.00	0.20	(0.30)	0.60
AMHIX	0.20	(0.03)	0.00	0.78	0.00	0.00	0.40	(0.52)	1.12
AUNCX	0.12	(0.02)	0.00	(0.84)	0.00	0.00	0.28	(0.28)	0.75
ACASX	0.27	0.01	0.20	0.07	0.31	(0.31)	0.65	(0.53)	1.61
VSBIX	0.07	0.01	0.96	4.86	0.00	(0.08)	0.16	(0.12)	0.33
GSOIX	0.24	0.01	0.26	0.22	0.24	(0.28)	0.62	(0.46)	1.42
ATOAX	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.30

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