Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFGX Fund  USD 12.42  0.08  0.65%   
The current 90-days correlation between Mfs Diversified Income and Mfs Prudent Investor is 0.51 (i.e., Very weak 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

Weak diversification

The correlation between Mfs Diversified Income and DJI is 0.3 (i.e., Weak 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 price.

Moving together with Mfs Mutual Fund

  0.76FPPJX Mfs Prudent InvestorPairCorr
  0.77FPPQX Mfs Prudent InvestorPairCorr
  0.79FPPRX Mfs Prudent InvestorPairCorr
  0.78FPPSX Mfs Prudent InvestorPairCorr
  0.77FPPUX Mfs Prudent InvestorPairCorr
  0.76FPPVX Mfs Prudent InvestorPairCorr
  0.79MKVCX Mfs International LargePairCorr
  0.79MKVGX Mfs International LargePairCorr
  0.79MKVFX Mfs International LargePairCorr
  0.79MKVEX Mfs International LargePairCorr
  0.79MKVDX Mfs International LargePairCorr
  0.79MKVIX Mfs International LargePairCorr
  0.79MKVHX Mfs Series TrustPairCorr
  0.89EMLAX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
FPPJX  0.29 (0.02)(0.28) 0.00  0.35 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.29 (0.02)(0.29) 0.00  0.35 
(0.33)
 0.59 
(0.67)
 1.74 
FPPRX  0.29 (0.03)(0.30)(0.02) 0.36 
(0.32)
 0.59 
(0.76)
 1.85 
FPPSX  0.29 (0.03)(0.29)(0.01) 0.36 
(0.32)
 0.59 
(0.67)
 1.83 
FPPUX  0.29 (0.02)(0.30) 0.00  0.34 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.28 (0.02)(0.29) 0.00  0.33 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47 (0.02)(0.10) 0.08  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47 (0.03)(0.09) 0.08  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46 (0.03)(0.10) 0.08  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTHX  0.48 (0.02)(0.09) 0.09  0.53 
(0.55)
 0.87 
(0.95)
 3.22 

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