Mfs Mid Correlations

OTCGX Fund

USD 20.40 0.09 0.44%

The current 90-days correlation between Mfs Mid Cap and Principal Real Estate is -0.06 (i.e., Good 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 -0.12 (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 price.

Moving together with Mfs Mutual Fund

0.97	PAMCX	T Rowe Price	Pair Corr
0.97	RRMGX	T Rowe Price	Pair Corr
0.97	TRQZX	T Rowe Price	Pair Corr
0.97	RPMGX	T Rowe Price	Pair Corr
0.98	PRJIX	T Rowe Price	Pair Corr
0.73	PRNHX	T Rowe Price	Pair Corr
0.98	TRUZX	T Rowe Price	Pair Corr
0.87	PCBIX	Midcap Fund Institutional	Pair Corr
0.78	PEMGX	Midcap Fund Class	Pair Corr
0.88	PMBCX	Midcap Fund Class	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.96	VFFSX	Vanguard 500 Index	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	BA	Boeing	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.69	HD	Home Depot	Pair Corr

Moving against Mfs Mutual Fund

0.35	VTISX	Vanguard Total Inter	Pair Corr
0.35	VTSNX	Vanguard Total Inter	Pair Corr
0.35	VTPSX	Vanguard Total Inter	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.47	PG	Procter Gamble	Pair Corr
0.46	KO	Coca Cola	Pair Corr
0.42	JNJ	Johnson Johnson	Pair Corr
0.34	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	XPGZX	TRREX	DFREX	FREEX	VGSIX	SAREX	MRESX	REPIX
XPGZX		0.86	0.89	0.6	0.88	0.88	0.88	0.89	XPGZX
TRREX	0.86		0.91	0.84	0.9	0.93	0.92	0.9	TRREX
DFREX	0.89	0.91		0.71	0.99	1.0	1.0	0.99	DFREX
FREEX	0.6	0.84	0.71		0.69	0.76	0.71	0.69	FREEX
VGSIX	0.88	0.9	0.99	0.69		0.99	0.99	1.0	VGSIX
SAREX	0.88	0.93	1.0	0.76	0.99		1.0	0.99	SAREX
MRESX	0.88	0.92	1.0	0.71	0.99	1.0		0.99	MRESX
REPIX	0.89	0.9	0.99	0.69	1.0	0.99	0.99		REPIX
	XPGZX	TRREX	DFREX	FREEX	VGSIX	SAREX	MRESX	REPIX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XPGZX	0.35	(0.03)	0.77	0.71	(0.85)	1.76
TRREX	1.01	(0.12)	(2.07)	1.63	(2.31)	6.60
DFREX	0.89	(0.06)	0.15	1.65	(1.87)	4.48
FREEX	0.98	(0.12)	(0.28)	1.62	(2.46)	7.05
VGSIX	0.90	(0.06)	0.15	1.73	(1.97)	4.57
SAREX	0.90	(0.07)	0.18	1.64	(1.86)	4.54
MRESX	0.89	(0.06)	0.16	1.67	(1.75)	4.48
REPIX	1.37	(0.09)	0.14	2.69	(2.92)	7.54

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