Mfs Blended Correlations

BRKBX Fund

USD 13.94 0.02 0.14%

The current 90-days correlation between Mfs Blended Research and Clearbridge Energy Mlp is 0.18 (i.e., Average diversification). The correlation of Mfs Blended 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 Blended Correlation With Market

Weak diversification

The correlation between Mfs Blended Research and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Blended Research and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mfs Blended Research. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

0.75	FPPJX	Mfs Prudent Investor	Pair Corr
0.74	FPPQX	Mfs Prudent Investor	Pair Corr
0.72	FPPRX	Mfs Prudent Investor	Pair Corr
0.73	FPPSX	Mfs Prudent Investor	Pair Corr
0.74	FPPUX	Mfs Prudent Investor	Pair Corr
0.75	FPPVX	Mfs Prudent Investor	Pair Corr
0.67	LFTFX	Mfs Lifetime 2065	Pair Corr
0.66	LFTHX	Mfs Lifetime 2065	Pair Corr
0.67	LFTNX	Mfs Lifetime 2065	Pair Corr
0.67	LFTLX	Mfs Lifetime 2065	Pair Corr
1.0	BRKUX	Mfs Blended Research	Pair Corr
1.0	BRKVX	Mfs Blended Research	Pair Corr
1.0	BRKTX	Mfs Blended Research	Pair Corr
1.0	BRKIX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	XEMOX	ALEFX	XNDPX	APWEX	HNRGX	SNPIX	FRNRX
XEMOX		0.98	0.95	0.9	0.86	-0.83	0.63	XEMOX
ALEFX	0.98		0.95	0.93	0.84	-0.82	0.63	ALEFX
XNDPX	0.95	0.95		0.96	0.95	-0.94	0.78	XNDPX
APWEX	0.9	0.93	0.96		0.89	-0.9	0.81	APWEX
HNRGX	0.86	0.84	0.95	0.89		-0.98	0.88	HNRGX
SNPIX	-0.83	-0.82	-0.94	-0.9	-0.98		-0.88	SNPIX
FRNRX	0.63	0.63	0.78	0.81	0.88	-0.88		FRNRX
	XEMOX	ALEFX	XNDPX	APWEX	HNRGX	SNPIX	FRNRX

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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

ALEFX	+ 0.98	XEMOX
APWEX	+ 0.96	XNDPX
XNDPX	+ 0.95	XEMOX
XNDPX	+ 0.95	ALEFX
HNRGX	+ 0.95	XNDPX
APWEX	+ 0.93	ALEFX

High negative correlations

SNPIX	- 0.98	HNRGX
SNPIX	- 0.94	XNDPX
SNPIX	- 0.9	APWEX
FRNRX	- 0.88	SNPIX
SNPIX	- 0.83	XEMOX
SNPIX	- 0.82	ALEFX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Blended 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 Blended'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
XEMOX	0.73	0.17	0.13	0.43	0.49	(0.86)	1.68	(1.01)	4.31
ALEFX	0.63	0.23	0.28	0.64	0.00	(0.84)	1.37	(0.74)	3.08
XNDPX	0.91	0.12	0.07	0.28	1.04	(0.96)	1.83	(1.89)	4.96
APWEX	0.89	0.10	0.08	0.21	0.95	(0.97)	2.01	(1.67)	5.80
HNRGX	0.92	0.05	0.03	0.18	1.04	(0.98)	1.84	(1.85)	5.32
SNPIX	0.91	(0.04)	0.00	0.18	0.00	0.00	2.04	(1.71)	6.81
FRNRX	0.77	(0.01)	(0.03)	0.11	1.05	(0.80)	1.59	(1.79)	5.19

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