Mfs Aggressive Correlations

MAAGX Fund

USD 31.01 0.25 0.81%

The current 90-days correlation between Mfs Aggressive Growth and Goldman Sachs High is -0.06 (i.e., Good 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.

Mfs Aggressive Correlation With Market

Very weak diversification

The correlation between Mfs Aggressive Growth and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Aggressive Growth and DJI in the same portfolio, assuming nothing else is changed.

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 various price indices.

Moving together with Mfs Mutual Fund

0.9	CGRGX	American Funds Growth	Pair Corr
0.9	FPGGX	American Funds Growth	Pair Corr
0.9	FGPGX	American Funds Growth	Pair Corr
0.91	MUTHX	Franklin Mutual Shares	Pair Corr
0.9	TESRX	Franklin Mutual Shares	Pair Corr
0.91	FMSHX	Franklin Mutual Shares	Pair Corr
0.91	GWPCX	American Funds Growth	Pair Corr
0.9	GWPFX	American Funds Growth	Pair Corr
0.9	GWPAX	American Funds Growth	Pair Corr
0.9	CGQGX	American Funds Growth	Pair Corr
0.68	TCTGX	Transamerica Cleartrack	Pair Corr
0.68	TDKTX	Cleartrack 2015 Class	Pair Corr
0.73	TCTJX	Transamerica Cleartrack	Pair Corr
0.68	TCSUX	Cleartrack 2020 Class	Pair Corr
0.76	TRV	The Travelers Companies	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr
0.68	HD	Home Depot	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.77	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.62	INTC	Intel	Pair Corr

Moving against Mfs Mutual Fund

0.84	UIPIX	Ultrashort Mid Cap	Pair Corr
0.47	FTCAX	Templeton Strained Bond	Pair Corr
0.8	VZ	Verizon Communications	Pair Corr
0.36	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GFRRX	BXHCX	AQRRX	CHYDX	HAHAX	ARTFX	IRONX	NEAIX
GFRRX		0.59	0.51	0.71	0.66	0.86	0.01	0.39	GFRRX
BXHCX	0.59		0.75	0.75	0.98	0.91	0.52	0.59	BXHCX
AQRRX	0.51	0.75		0.93	0.75	0.73	0.69	0.79	AQRRX
CHYDX	0.71	0.75	0.93		0.78	0.82	0.55	0.74	CHYDX
HAHAX	0.66	0.98	0.75	0.78		0.94	0.51	0.59	HAHAX
ARTFX	0.86	0.91	0.73	0.82	0.94		0.31	0.52	ARTFX
IRONX	0.01	0.52	0.69	0.55	0.51	0.31		0.77	IRONX
NEAIX	0.39	0.59	0.79	0.74	0.59	0.52	0.77		NEAIX
	GFRRX	BXHCX	AQRRX	CHYDX	HAHAX	ARTFX	IRONX	NEAIX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GFRRX	0.06	0.01	(0.65)	(2.07)	0.00	(0.23)	0.11	(0.11)	0.68
BXHCX	0.12	0.01	(0.31)	0.36	0.00	(0.19)	0.50	(0.25)	1.11
AQRRX	0.43	0.08	0.02	0.33	0.37	(0.51)	0.93	(0.74)	3.04
CHYDX	0.10	0.02	(0.34)	0.37	0.00	(0.18)	0.26	(0.13)	0.64
HAHAX	0.15	0.01	(0.28)	0.48	0.05	(0.23)	0.57	(0.29)	1.29
ARTFX	0.11	0.02	(0.31)	1.23	0.00	(0.18)	0.44	(0.22)	1.10
IRONX	0.50	0.02	(0.04)	0.12	0.65	(0.56)	0.82	(0.96)	4.63
NEAIX	1.18	0.07	0.04	0.16	1.36	(1.26)	2.28	(1.60)	9.37

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