MFS High Correlations

CMU Stock

USD 3.54 0.01 0.28%

The correlation of MFS High 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 High Correlation With Market

Poor diversification

The correlation between MFS High Yield and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Yield and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Yield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with MFS Stock

0.62	LBS	Life Banc Split	Pair Corr
0.85	DFN	Dividend 15 Split	Pair Corr
0.83	CSOC-A	Canso Select Opportu	Pair Corr
0.86	DGS	Dividend Growth Split	Pair Corr
0.73	ASA	ASA Gold	Pair Corr
0.63	BTI	Bailador Technology	Pair Corr
0.76	HRZN	Horizon Technology	Pair Corr
0.7	SBC	Brompton Split Banc	Pair Corr
0.75	URB-A	Urbana	Pair Corr
0.69	LCS	Brompton Lifeco Split Split	Pair Corr
0.71	URB	Urbana	Pair Corr
0.64	BBDC	Barings BDC	Pair Corr
0.8	PWI	Sustainable Power	Pair Corr
0.86	TRIN	Trinity Capital	Pair Corr
0.74	CSWC	Capital Southwest	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr

Moving against MFS Stock

0.55	MFIC	MidCap Financial Inv	Pair Corr
0.51	NMFC	New Mountain Finance	Pair Corr
0.4	GSBD	Goldman Sachs BDC	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.41	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SKTAX	RYHDX	RYHGX	JMCGX	MGPIX	CRSH	MJSC	RYDHX	GNXIX	BXEAX
SKTAX		0.85	0.85	0.66	0.71	-0.27	0.8	0.86	0.62	0.0	SKTAX
RYHDX	0.85		0.95	0.86	0.7	-0.36	0.81	0.91	0.59	0.0	RYHDX
RYHGX	0.85	0.95		0.87	0.65	-0.29	0.76	0.89	0.53	0.0	RYHGX
JMCGX	0.66	0.86	0.87		0.64	-0.37	0.67	0.83	0.56	0.0	JMCGX
MGPIX	0.71	0.7	0.65	0.64		-0.37	0.75	0.82	0.92	0.0	MGPIX
CRSH	-0.27	-0.36	-0.29	-0.37	-0.37		-0.08	-0.39	-0.26	0.0	CRSH
MJSC	0.8	0.81	0.76	0.67	0.75	-0.08		0.84	0.7	0.0	MJSC
RYDHX	0.86	0.91	0.89	0.83	0.82	-0.39	0.84		0.74	0.0	RYDHX
GNXIX	0.62	0.59	0.53	0.56	0.92	-0.26	0.7	0.74		0.0	GNXIX
BXEAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BXEAX
	SKTAX	RYHDX	RYHGX	JMCGX	MGPIX	CRSH	MJSC	RYDHX	GNXIX	BXEAX

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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

RYHGX	+ 0.95	RYHDX
GNXIX	+ 0.92	MGPIX
RYDHX	+ 0.91	RYHDX
RYDHX	+ 0.89	RYHGX
JMCGX	+ 0.87	RYHGX
RYDHX	+ 0.86	SKTAX

High negative correlations

RYDHX	- 0.39	CRSH
CRSH	- 0.37	MGPIX
CRSH	- 0.37	JMCGX
CRSH	- 0.36	RYHDX
CRSH	- 0.29	RYHGX
CRSH	- 0.27	SKTAX

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS High Company 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 High'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
SKTAX	0.76	0.30	0.47	0.45	0.00	(0.99)	1.15	(0.98)	19.45
RYHDX	0.14	0.00	(0.18)	0.05	0.16	(0.15)	0.38	(0.33)	0.96
RYHGX	0.13	0.00	(0.19)	0.05	0.09	(0.15)	0.38	(0.23)	0.97
JMCGX	1.07	0.01	0.01	0.05	1.29	(1.08)	2.40	(2.32)	5.83
MGPIX	0.78	0.05	0.05	0.10	0.82	(0.87)	1.65	(1.58)	3.70
CRSH	1.72	0.15	0.05	(0.79)	2.04	(1.88)	4.48	(3.45)	9.69
MJSC	0.72	0.11	0.07	24.55	0.86	(0.76)	1.59	(1.33)	4.57
RYDHX	0.59	0.00	0.00	0.05	0.66	(0.62)	1.22	(1.05)	3.20
GNXIX	2.10	(0.12)	0.00	(0.03)	0.00	0.00	4.33	(4.51)	10.29
BXEAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

MFS High Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile
Maryanne Roepke	Independent Trustee	Profile

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