Mfs Aggressive Correlations

Mutual Funds . USA . 
Fund . Mfs Aggressive Growth
MAAGX Fund  USD 32.30  0.02  0.06%   
The current 90-days correlation between Mfs Aggressive Growth and Mfs Prudent Investor is 0.66 (i.e., Poor diversification). The correlation of Mfs Aggressive 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Aggressive Growth. 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

  0.99LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTMX Mfs Lifetime 2065PairCorr
  0.9LFTNX Mfs Lifetime 2065PairCorr
  0.9LFTLX Mfs Lifetime 2065PairCorr
  0.69HYPPX Mfs High YieldPairCorr
  0.82UIVIX Mfs Intrinsic ValuePairCorr
  0.82UIVCX Mfs Intrinsic ValuePairCorr
  0.83UIVPX Mfs Intrinsic ValuePairCorr
  0.82UIVQX Mfs Intrinsic ValuePairCorr
  0.83UIVMX Mfs Intrinsic ValuePairCorr
  0.82UIVVX Mfs Intrinsic ValuePairCorr
  0.82UIVRX Mfs Intrinsic ValuePairCorr
  0.77OTCIX Mfs Mid CapPairCorr
  0.77OTCJX Mfs Mid CapPairCorr
  0.77OTCKX Mfs Mid CapPairCorr
  0.68BRKBX Mfs Blended ResearchPairCorr
  0.63BRKAX Mfs Blended ResearchPairCorr
  0.77OTCAX Mfs Mid CapPairCorr
  0.77OTCBX Mfs Mid CapPairCorr
  0.69BRKUX Mfs Blended ResearchPairCorr
  0.69BRKVX Mfs Blended ResearchPairCorr
  0.69BRKTX Mfs Blended ResearchPairCorr
  0.69BRKIX Mfs Blended ResearchPairCorr

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 Aggressive 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 Aggressive'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  0.00 (0.27) 0.10  0.35 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.29  0.00 (0.28)(0.21) 0.35 
(0.33)
 0.59 
(0.67)
 1.74 
FPPRX  0.29 (0.01)(0.30)(0.35) 0.36 
(0.32)
 0.59 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.29) 0.00  0.36 
(0.32)
 0.59 
(0.67)
 1.83 
FPPUX  0.29  0.00 (0.30)(0.40) 0.34 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.28  0.00 (0.29) 0.19  0.33 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47  0.06 (0.09) 8.69  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47  0.05 (0.09) 3.04  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46  0.05 (0.09) 2.61  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTMX  0.46 (0.03)(0.11) 0.07  0.54 
(0.53)
 0.86 
(0.95)
 2.81 

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