Mfs Diversified Correlations

DIFAX Fund

USD 12.42 0.08 0.65%

The current 90-days correlation between Mfs Diversified Income and T Rowe Price is 0.2 (i.e., Modest diversification). The correlation of Mfs Diversified 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 Diversified Correlation With Market

Significant diversification

The correlation between Mfs Diversified Income and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Diversified Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Diversified Income. 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 nation.

Moving together with Mfs Mutual Fund

0.75	FPPJX	Mfs Prudent Investor	Pair Corr
0.76	FPPQX	Mfs Prudent Investor	Pair Corr
0.78	FPPRX	Mfs Prudent Investor	Pair Corr
0.77	FPPSX	Mfs Prudent Investor	Pair Corr
0.75	FPPUX	Mfs Prudent Investor	Pair Corr
0.75	FPPVX	Mfs Prudent Investor	Pair Corr
0.8	MKVCX	Mfs International Large	Pair Corr
0.79	MKVGX	Mfs International Large	Pair Corr
0.8	MKVFX	Mfs International Large	Pair Corr
0.79	MKVEX	Mfs International Large	Pair Corr
0.79	MKVDX	Mfs International Large	Pair Corr
0.8	MKVIX	Mfs International Large	Pair Corr
0.79	MKVHX	Mfs Series Trust	Pair Corr
0.9	EMLAX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.36

OTCIX

Mfs Mid Cap

Pair Corr

Related Correlations Analysis

	PRFHX	PMUYX	FYMNX	OKMUX	TIMTX	ABIMX	BBINX
PRFHX		0.82	0.97	0.84	0.95	0.95	0.94	PRFHX
PMUYX	0.82		0.77	0.88	0.86	0.88	0.9	PMUYX
FYMNX	0.97	0.77		0.83	0.96	0.95	0.92	FYMNX
OKMUX	0.84	0.88	0.83		0.94	0.93	0.95	OKMUX
TIMTX	0.95	0.86	0.96	0.94		0.99	0.98	TIMTX
ABIMX	0.95	0.88	0.95	0.93	0.99		0.98	ABIMX
BBINX	0.94	0.9	0.92	0.95	0.98	0.98		BBINX
	PRFHX	PMUYX	FYMNX	OKMUX	TIMTX	ABIMX	BBINX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Diversified 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 Diversified'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
PRFHX	0.15	0.02	(0.27)	(0.04)	0.22	(0.24)	0.44	(0.44)	1.61
PMUYX	0.10	(0.01)	(0.41)	(0.27)	0.18	(0.15)	0.25	(0.24)	1.07
FYMNX	0.13	0.02	(0.32)	(0.06)	0.17	(0.20)	0.37	(0.28)	1.39
OKMUX	0.14	0.00	(0.25)	0.10	0.24	(0.27)	0.29	(0.47)	1.52
TIMTX	0.15	0.01	(0.31)	(0.03)	0.20	(0.22)	0.37	(0.28)	1.40
ABIMX	0.18	0.02	(0.25)	(0.04)	0.27	(0.24)	0.40	(0.50)	1.73
BBINX	0.11	0.00	(0.43)	0.06	0.15	(0.19)	0.29	(0.29)	1.07

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