Mfs Prudent Correlations

FPPQX Fund

USD 11.95 0.06 0.50%

The current 90-days correlation between Mfs Prudent Investor and Mfs Prudent Investor is 0.99 (i.e., No risk reduction). The correlation of Mfs Prudent 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 Prudent Correlation With Market

Very weak diversification

The correlation between Mfs Prudent Investor and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Prudent Investor 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 Prudent Investor. 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 producer price index.

Moving together with Mfs Mutual Fund

1.0	FPPJX	Mfs Prudent Investor	Pair Corr
1.0	FPPRX	Mfs Prudent Investor	Pair Corr
1.0	FPPSX	Mfs Prudent Investor	Pair Corr
1.0	FPPUX	Mfs Prudent Investor	Pair Corr
1.0	FPPVX	Mfs Prudent Investor	Pair Corr
0.82	MKVCX	Mfs International Large	Pair Corr
0.83	MKVBX	Mfs International Large	Pair Corr
0.83	MKVGX	Mfs International Large	Pair Corr
0.83	MKVFX	Mfs International Large	Pair Corr
0.82	MKVEX	Mfs International Large	Pair Corr
0.81	MKVDX	Mfs International Large	Pair Corr
0.83	MKVIX	Mfs International Large	Pair Corr
0.83	MKVHX	Mfs Series Trust	Pair Corr
0.74	BRKBX	Mfs Blended Research	Pair Corr
0.74	BRKCX	Mfs Blended Research	Pair Corr
0.73	BRKAX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	FPPUX	LFTFX	LFTJX	LFTGX	LFTHX
FPPUX		0.42	0.44	0.43	0.41	FPPUX
LFTFX	0.42		1.0	1.0	1.0	LFTFX
LFTJX	0.44	1.0		1.0	1.0	LFTJX
LFTGX	0.43	1.0	1.0		1.0	LFTGX
LFTHX	0.41	1.0	1.0	1.0		LFTHX
	FPPUX	LFTFX	LFTJX	LFTGX	LFTHX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Prudent 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 Prudent'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
FPPUX	0.29	(0.02)	(0.30)	0.00	0.34	(0.34)	0.59	(0.75)	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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Mfs Prudent Correlations

Mfs Prudent Correlation With Market

Very weak diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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