Mfs Blended Correlations

BRWVX Fund

USD 23.73 0.10 0.42%

The current 90-days correlation between Mfs Blended Research and T Rowe Price is 0.57 (i.e., Very weak 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

Very weak diversification

The correlation between Mfs Blended Research and DJI is 0.48 (i.e., Very 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 real.

Moving together with Mfs Mutual Fund

0.62	LFTJX	Mfs Lifetime 2065	Pair Corr
0.77	UIVIX	Mfs Intrinsic Value	Pair Corr
0.78	UIVCX	Mfs Intrinsic Value	Pair Corr
0.77	UIVQX	Mfs Intrinsic Value	Pair Corr
0.78	UIVNX	Mfs Intrinsic Value	Pair Corr
0.78	UIVMX	Mfs Intrinsic Value	Pair Corr
0.77	UIVVX	Mfs Intrinsic Value	Pair Corr
0.77	UIVRX	Mfs Intrinsic Value	Pair Corr
0.86	OTCHX	Mfs Mid Cap	Pair Corr
0.86	OTCIX	Mfs Mid Cap	Pair Corr
0.86	OTCJX	Mfs Mid Cap	Pair Corr
0.86	OTCKX	Mfs Mid Cap	Pair Corr
0.83	OTCGX	Mfs Mid Cap	Pair Corr
0.82	OTCAX	Mfs Mid Cap	Pair Corr
0.83	OTCBX	Mfs Mid Cap	Pair Corr
0.82	OTCCX	Mfs Mid Cap	Pair Corr
0.86	BRSTX	Mfs Blended Research	Pair Corr
0.86	BRSUX	Mfs Blended Research	Pair Corr
0.86	BRSSX	Mfs Blended Research	Pair Corr
0.85	BRSPX	Mfs Blended Research	Pair Corr
0.86	BRSJX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.36	FPPJX	Mfs Prudent Investor	Pair Corr
0.36	FPPQX	Mfs Prudent Investor	Pair Corr
0.36	FPPSX	Mfs Prudent Investor	Pair Corr
0.36	FPPUX	Mfs Prudent Investor	Pair Corr
0.36	FPPVX	Mfs Prudent Investor	Pair Corr
0.34	FPPRX	Mfs Prudent Investor	Pair Corr

Related Correlations Analysis

	TSINX	VBIIX	JTSQX	ARHBX	MFTFX	CHICX	OPTCX	LMAPX
TSINX		0.73	0.62	0.86	0.09	0.37	0.68	0.81	TSINX
VBIIX	0.73		0.56	0.76	-0.3	0.0	0.49	0.45	VBIIX
JTSQX	0.62	0.56		0.7	0.31	0.17	0.41	0.45	JTSQX
ARHBX	0.86	0.76	0.7		0.03	0.24	0.6	0.64	ARHBX
MFTFX	0.09	-0.3	0.31	0.03		0.46	0.18	0.28	MFTFX
CHICX	0.37	0.0	0.17	0.24	0.46		0.45	0.8	CHICX
OPTCX	0.68	0.49	0.41	0.6	0.18	0.45		0.68	OPTCX
LMAPX	0.81	0.45	0.45	0.64	0.28	0.8	0.68		LMAPX
	TSINX	VBIIX	JTSQX	ARHBX	MFTFX	CHICX	OPTCX	LMAPX

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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

ARHBX	+ 0.86	TSINX
LMAPX	+ 0.81	TSINX
LMAPX	+ 0.8	CHICX
ARHBX	+ 0.76	VBIIX
VBIIX	+ 0.73	TSINX
ARHBX	+ 0.7	JTSQX

High negative correlations

MFTFX	- 0.3	VBIIX
CHICX	- 0.0	VBIIX

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
TSINX	0.59	0.14	0.21	0.25	0.69	(0.61)	1.17	(1.24)	3.32
VBIIX	0.24	0.00	0.22	(0.11)	0.27	(0.30)	0.50	(0.49)	1.40
JTSQX	0.56	0.00	0.00	(0.07)	0.00	0.00	0.93	(1.27)	3.24
ARHBX	0.54	0.03	0.17	(0.21)	0.59	(0.63)	1.19	(0.97)	3.96
MFTFX	1.22	(0.04)	0.00	1.36	0.00	0.00	2.48	(2.63)	6.97
CHICX	0.07	0.00	0.47	(0.17)	0.00	(0.32)	0.16	(0.16)	0.79
OPTCX	0.08	0.00	0.33	0.06	0.05	(0.16)	0.21	(0.21)	0.93
LMAPX	0.11	0.02	0.41	0.33	0.00	(0.16)	0.24	(0.12)	0.94

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