MFS High Correlations

CXE Stock

USD 3.85 0.03 0.79%

The current 90-days correlation between MFS High Income and Platinum Asia Investments is -0.24 (i.e., Very good diversification). 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.

MFS High Correlation With Market

Poor diversification

The correlation between MFS High Income and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Income 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 Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with MFS Stock

0.87	HHI	Henderson High Income	Pair Corr
0.61	BK	Bank of New York	Pair Corr
0.81	FT	Franklin Universal Closed	Pair Corr
0.61	PX	P10 Inc Symbol Change	Pair Corr
0.87	RA	Brookfield Real Assets	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.81	MNG	MG Plc	Pair Corr
0.92	VCTR	Victory Capital Holdings	Pair Corr
0.64	SSSS-P	Shooting Star Acquisition	Pair Corr
0.8	MNTN	Schiehallion Fund	Pair Corr

Moving against MFS Stock

0.69	55O1	Apollo Investment Corp Earnings Call This Week	Pair Corr
0.59	BX	Blackstone Group	Pair Corr
0.55	NP	Neptune Insurance	Pair Corr
0.68	MFG	Magellan Financial	Pair Corr
0.4	DMYY	dMY Squared Technology	Pair Corr
0.74	TIP	Teaminvest Private	Pair Corr
0.48	OEQ	Orion Equities Earnings Call This Week	Pair Corr
0.43	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	PAI	FLBDX	BHBFX	MGF	GNT	PFO	MHF	JHI	GLU	BTA
PAI		0.96	0.92	-0.08	0.91	0.9	0.53	0.76	0.97	0.82	PAI
FLBDX	0.96		0.94	0.04	0.92	0.9	0.54	0.81	0.97	0.83	FLBDX
BHBFX	0.92	0.94		0.05	0.88	0.94	0.68	0.81	0.93	0.91	BHBFX
MGF	-0.08	0.04	0.05		-0.18	0.15	0.2	0.04	-0.03	0.1	MGF
GNT	0.91	0.92	0.88	-0.18		0.83	0.43	0.72	0.92	0.8	GNT
PFO	0.9	0.9	0.94	0.15	0.83		0.6	0.68	0.89	0.86	PFO
MHF	0.53	0.54	0.68	0.2	0.43	0.6		0.66	0.53	0.72	MHF
JHI	0.76	0.81	0.81	0.04	0.72	0.68	0.66		0.75	0.67	JHI
GLU	0.97	0.97	0.93	-0.03	0.92	0.89	0.53	0.75		0.85	GLU
BTA	0.82	0.83	0.91	0.1	0.8	0.86	0.72	0.67	0.85		BTA
	PAI	FLBDX	BHBFX	MGF	GNT	PFO	MHF	JHI	GLU	BTA

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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

GLU	+ 0.97	PAI
GLU	+ 0.97	FLBDX
FLBDX	+ 0.96	PAI
BHBFX	+ 0.94	FLBDX
PFO	+ 0.94	BHBFX
GLU	+ 0.93	BHBFX

High negative correlations

GNT	- 0.18	MGF
MGF	- 0.08	PAI
GLU	- 0.03	MGF

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
PAI	0.27	0.04	(0.06)	0.85	0.27	(0.29)	0.56	(0.49)	1.78
FLBDX	0.10	0.02	(0.32)	0.32	0.00	(0.14)	0.21	(0.10)	0.52
BHBFX	0.56	0.11	0.13	0.22	0.39	(0.65)	1.30	(1.05)	2.95
MGF	0.39	0.00	(0.12)	0.05	0.46	(0.57)	0.99	(0.98)	2.30
GNT	1.15	0.34	0.16	0.67	1.53	(1.28)	2.59	(1.89)	9.65
PFO	0.28	0.02	(0.07)	0.19	0.35	(0.31)	0.64	(0.62)	1.94
MHF	0.37	(0.01)	(0.15)	(0.04)	0.43	(0.46)	0.74	(0.88)	2.34
JHI	0.31	0.04	(0.03)	0.27	0.18	(0.40)	0.73	(0.58)	2.22
GLU	0.63	0.25	0.28	1.02	0.18	(0.77)	1.69	(0.84)	5.10
BTA	0.39	0.07	(0.01)	(0.66)	0.56	(0.42)	0.85	(0.84)	3.86

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

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