Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFDX Fund  USD 12.92  0.01  0.08%   
The current 90-days correlation between Mfs Diversified Income and Mfs Intrinsic Value is -0.14 (i.e., Good 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

Very poor diversification

The correlation between Mfs Diversified Income and DJI is 0.85 (i.e., Very poor 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 small area income & poverty estimates.

Moving together with Mfs Mutual Fund

  0.88LFTFX Mfs Lifetime 2065PairCorr
  0.88LFTJX Mfs Lifetime 2065PairCorr
  0.88LFTGX Mfs Lifetime 2065PairCorr
  0.88LFTHX Mfs Lifetime 2065PairCorr
  0.88LFTMX Mfs Lifetime 2065PairCorr
  0.88LFTNX Mfs Lifetime 2065PairCorr
  0.88LFTKX Mfs Lifetime 2065PairCorr
  0.88LFTLX Mfs Lifetime 2065PairCorr
  0.89HYPPX Mfs High YieldPairCorr
  0.7UIVIX Mfs Intrinsic ValuePairCorr
  0.71UIVCX Mfs Intrinsic ValuePairCorr
  0.71UIVPX Mfs Intrinsic ValuePairCorr
  0.71UIVQX Mfs Intrinsic ValuePairCorr
  0.71UIVNX Mfs Intrinsic ValuePairCorr
  0.71UIVMX Mfs Intrinsic ValuePairCorr
  0.72UIVVX Mfs Intrinsic ValuePairCorr
  0.71UIVRX Mfs Intrinsic ValuePairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.92BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.95EMLBX Mfs Emerging MarketsPairCorr
  0.95EMLAX Mfs Emerging MarketsPairCorr
  0.93BRKUX Mfs Blended ResearchPairCorr
  0.93BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LFTFX  0.53  0.11  0.10  1.95  0.46 
(0.61)
 1.18 
(1.14)
 4.33 
LFTJX  0.54  0.11  0.10  2.38  0.48 
(0.61)
 1.18 
(1.21)
 4.22 
LFTGX  0.53  0.11  0.10  1.84  0.46 
(0.58)
 1.09 
(1.14)
 4.35 
LFTHX  0.54  0.12  0.10  2.14  0.46 
(0.62)
 1.09 
(1.15)
 4.31 
LFTMX  0.54  0.12  0.10  1.98  0.47 
(0.60)
 1.18 
(1.15)
 4.31 
LFTNX  0.54  0.08  0.10  0.16  0.47 
(0.62)
 1.18 
(1.15)
 4.31 
LFTKX  0.53  0.08  0.09  0.15  0.45 
(0.60)
 1.09 
(1.15)
 4.31 
LFTLX  0.54  0.11  0.10  2.47  0.46 
(0.60)
 1.09 
(1.14)
 4.23 
HYPPX  0.12  0.02 (0.12) 4.72  0.00 
(0.21)
 0.24 
(0.12)
 1.08 
UIVIX  0.67  0.05  0.00 (0.49) 0.79 
(0.72)
 1.49 
(1.39)
 3.77 

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