Mfs Prudent Correlations

FPPVX Fund

USD 11.89 0.04 0.34%

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

Good diversification

The correlation between Mfs Prudent Investor and DJI is -0.05 (i.e., Good 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 real.

Moving together with Mfs Mutual Fund

1.0	FPPJX	Mfs Prudent Investor	Pair Corr
1.0	FPPQX	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
0.7	MKVCX	Mfs International Large	Pair Corr
0.72	MKVBX	Mfs International Large	Pair Corr
0.82	MKVGX	Mfs International Large	Pair Corr
0.72	MKVFX	Mfs International Large	Pair Corr
0.71	MKVEX	Mfs International Large	Pair Corr
0.7	MKVDX	Mfs International Large	Pair Corr
0.72	MKVIX	Mfs International Large	Pair Corr
0.82	MKVHX	Mfs Series Trust	Pair Corr
0.76	BRKBX	Mfs Blended Research	Pair Corr
0.76	BRKCX	Mfs Blended Research	Pair Corr
0.76	BRKAX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF
AAVXF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
SCRYY	0.0		-0.44	0.0	0.44	0.47	0.5	0.31	0.45	-0.63	SCRYY
444859BR2	0.0	-0.44		0.0	-0.63	-0.62	-0.59	-0.09	-0.65	0.21	444859BR2
AQUI	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
SCRYX	0.0	0.44	-0.63	0.0		0.58	0.6	-0.03	0.62	-0.35	SCRYX
MSTSX	0.0	0.47	-0.62	0.0	0.58		0.72	0.4	0.4	0.03	MSTSX
LBHIX	0.0	0.5	-0.59	0.0	0.6	0.72		0.62	0.32	-0.21	LBHIX
ABHYX	0.0	0.31	-0.09	0.0	-0.03	0.4	0.62		-0.14	-0.01	ABHYX
ID	0.0	0.45	-0.65	0.0	0.62	0.4	0.32	-0.14		-0.44	ID
SCAXF	0.0	-0.63	0.21	0.0	-0.35	0.03	-0.21	-0.01	-0.44		SCAXF
	AAVXF	SCRYY	444859BR2	AQUI	SCRYX	MSTSX	LBHIX	ABHYX	ID	SCAXF

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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

LBHIX	+ 0.72	MSTSX
ID	+ 0.62	SCRYX
ABHYX	+ 0.62	LBHIX
LBHIX	+ 0.6	SCRYX
MSTSX	+ 0.58	SCRYX
LBHIX	+ 0.5	SCRYY

High negative correlations

AQUI	- 1.0	AAVXF
ID	- 0.65	444859BR2
SCRYX	- 0.63	444859BR2
SCAXF	- 0.63	SCRYY
MSTSX	- 0.62	444859BR2
LBHIX	- 0.59	444859BR2

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
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYY	2.12	0.43	0.13	(1.15)	2.05	(2.81)	5.61	(4.09)	12.99
444859BR2	1.32	0.04	0.00	0.04	0.00	0.00	5.93	(4.60)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRYX	0.97	0.09	0.01	0.99	0.96	(1.10)	2.39	(1.69)	7.88
MSTSX	0.49	(0.03)	(0.09)	0.05	0.52	(0.59)	1.21	(1.02)	2.80
LBHIX	0.11	0.00	(0.27)	0.00	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.16	0.00	(0.17)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
ID	3.81	0.25	0.03	1.85	4.78	(4.93)	7.69	(7.69)	23.97
SCAXF	0.70	(0.40)	0.00	(1.01)	0.00	0.00	0.00	0.00	23.47

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