MFS High Correlations

CXE Stock

USD 3.78 0.02 0.53%

The current 90-days correlation between MFS High Income and Platinum Asia Investments is -0.1 (i.e., 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 0.63 (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 producer price index.

Moving together with MFS Stock

0.65	CET	Central Securities Earnings Call This Week	Pair Corr
0.73	ERC	Allspring Multi Sector	Pair Corr
0.7	GAM	General American Inv	Pair Corr
0.67	IQI	Invesco Quality Municipal	Pair Corr
0.63	VGM	Invesco Trust For	Pair Corr
0.62	VKI	Invesco Advantage MIT	Pair Corr
0.82	VKQ	Invesco Municipal Trust	Pair Corr
0.87	VMO	Invesco Municipal	Pair Corr
0.7	QRC	Queens Road Capital	Pair Corr
0.7	PCT	Polar Capital Technology	Pair Corr
0.7	BRWM	Blackrock World Mining	Pair Corr
0.76	BSRT	Baker Steel Resources	Pair Corr
0.76	AAMI	Acadian Asset Management Earnings Call Tomorrow	Pair Corr

Moving against MFS Stock

0.39	LFT	Lument Finance Trust	Pair Corr
0.37	ICG	Intermediate Capital	Pair Corr
0.7	PBCRY	Bank Central Asia	Pair Corr
0.52	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	PAI	FLBDX	BHBFX	MGF	GNT	PFO	MHF	JHI	GLU	BTA
PAI		0.89	0.84	-0.32	0.82	0.67	0.02	0.62	0.93	0.6	PAI
FLBDX	0.89		0.89	-0.11	0.89	0.54	-0.01	0.73	0.93	0.58	FLBDX
BHBFX	0.84	0.89		-0.04	0.9	0.56	0.09	0.76	0.88	0.7	BHBFX
MGF	-0.32	-0.11	-0.04		-0.21	-0.11	0.03	-0.05	-0.18	-0.09	MGF
GNT	0.82	0.89	0.9	-0.21		0.43	-0.12	0.65	0.89	0.56	GNT
PFO	0.67	0.54	0.56	-0.11	0.43		0.2	0.27	0.55	0.63	PFO
MHF	0.02	-0.01	0.09	0.03	-0.12	0.2		0.27	-0.1	0.4	MHF
JHI	0.62	0.73	0.76	-0.05	0.65	0.27	0.27		0.64	0.47	JHI
GLU	0.93	0.93	0.88	-0.18	0.89	0.55	-0.1	0.64		0.55	GLU
BTA	0.6	0.58	0.7	-0.09	0.56	0.63	0.4	0.47	0.55		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	+ 0.93	PAI
GLU	+ 0.93	FLBDX
GNT	+ 0.9	BHBFX
FLBDX	+ 0.89	PAI
BHBFX	+ 0.89	FLBDX
GNT	+ 0.89	FLBDX

High negative correlations

MGF	- 0.32	PAI
GNT	- 0.21	MGF
GLU	- 0.18	MGF
MHF	- 0.12	GNT
PFO	- 0.11	MGF
MGF	- 0.11	FLBDX

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	0.26	0.00	(0.09)	0.07	0.28	(0.28)	0.56	(0.48)	1.77
FLBDX	0.10	0.00	(0.26)	(0.02)	0.07	(0.14)	0.21	(0.21)	0.52
BHBFX	0.54	0.07	0.09	0.14	0.47	(0.63)	1.30	(1.05)	2.95
MGF	0.45	0.00	(0.06)	0.03	0.53	(0.64)	0.99	(1.00)	2.64
GNT	1.12	0.22	0.10	0.32	1.70	(1.18)	2.31	(2.37)	10.07
PFO	0.36	0.02	(0.01)	0.11	0.53	(0.38)	0.74	(0.97)	2.85
MHF	0.41	(0.04)	0.00	(0.13)	0.00	0.00	0.87	(1.00)	2.33
JHI	0.29	0.01	(0.08)	0.23	0.25	(0.40)	0.67	(0.58)	2.09
GLU	0.58	0.16	0.15	(35.70)	0.45	(0.66)	1.21	(0.89)	5.07
BTA	0.43	0.00	(0.04)	0.05	0.61	(0.44)	0.87	(0.84)	3.95

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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