Mfs Servative Correlations

MACBX Fund

USD 16.97 0.02 0.12%

The current 90-days correlation between Mfs Servative Allocation and Oklahoma College Savings is 0.29 (i.e., Modest diversification). The correlation of Mfs Servative 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 Servative Correlation With Market

Weak diversification

The correlation between Mfs Servative Allocation and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation 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 Servative Allocation. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

0.96	MLLEX	Mfs Lifetime Income	Pair Corr
0.89	MCGWX	Mfs Growth Allocation	Pair Corr
0.67	MFFMX	Mfs Lifetime 2050	Pair Corr
0.7	MFEJX	Mfs Growth Fund	Pair Corr
0.81	LTMTX	Mfs Lifetime 2045	Pair Corr

Moving against Mfs Mutual Fund

0.74	MWELX	Mfs Global Equity	Pair Corr
0.68	MRGAX	Mfs E Equity	Pair Corr
0.65	MCSRX	Mfs Modity Strategy	Pair Corr
0.63	MRSAX	Mfs Research Interna	Pair Corr
0.63	MRSKX	Mfs Research Interna	Pair Corr
0.62	MQGIX	Mfs International Growth	Pair Corr
0.58	MTCCX	Mfs Technology	Pair Corr
0.57	GLNAX	Mfs Global New	Pair Corr
0.56	MDIDX	Mfs International	Pair Corr
0.56	MDIZX	Mfs International	Pair Corr
0.52	MPMNX	Mfs Municipal Income	Pair Corr
0.52	MEMJX	Mfs Emerging Markets	Pair Corr
0.51	MACFX	Mfs Servative Allocation	Pair Corr
0.5	OTCIX	Mfs Mid Cap	Pair Corr
0.49	MAAGX	Mfs Aggressive Growth	Pair Corr
0.47	MRSRX	Mfs Research Interna	Pair Corr
0.45	MEDIX	Mfs Emerging Markets	Pair Corr
0.43	MAGWX	Mfs Growth Allocation	Pair Corr
0.43	MAMAX	Mfs Moderate Allocation	Pair Corr
0.39	MCVIX	Mfs Mid Cap	Pair Corr
0.36	MNDAX	Mfs New Discovery	Pair Corr
0.76	MIGFX	Massachusetts Investors	Pair Corr
0.73	MINJX	Mfs International Value	Pair Corr
0.73	HBLFX	Hartford Balanced	Pair Corr
0.72	HBLCX	Hartford Balanced	Pair Corr
0.71	HBLSX	Hartford Balanced	Pair Corr
0.71	HBLVX	Hartford Balanced	Pair Corr
0.69	MGRAX	Mfs International Growth	Pair Corr
0.68	MFEKX	Mfs Growth Fund	Pair Corr
0.68	VWIAX	Vanguard Wellesley Income	Pair Corr
0.67	HBLYX	Hartford Balanced	Pair Corr
0.66	MINIX	Mfs International Value	Pair Corr
0.65	HBLRX	Hartford Balanced	Pair Corr

Related Correlations Analysis

	FMOKX	TPILX	MNMCX	SXMAX	PARCX	TRRHX	TRSJX	TRRJX
FMOKX		0.94	0.87	0.8	0.93	0.92	0.99	0.95	FMOKX
TPILX	0.94		0.95	0.93	1.0	1.0	0.93	1.0	TPILX
MNMCX	0.87	0.95		0.95	0.95	0.95	0.86	0.95	MNMCX
SXMAX	0.8	0.93	0.95		0.94	0.95	0.79	0.93	SXMAX
PARCX	0.93	1.0	0.95	0.94		1.0	0.92	1.0	PARCX
TRRHX	0.92	1.0	0.95	0.95	1.0		0.91	1.0	TRRHX
TRSJX	0.99	0.93	0.86	0.79	0.92	0.91		0.95	TRSJX
TRRJX	0.95	1.0	0.95	0.93	1.0	1.0	0.95		TRRJX
	FMOKX	TPILX	MNMCX	SXMAX	PARCX	TRRHX	TRSJX	TRRJX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Servative 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 Servative'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
FMOKX	0.41	0.01	(0.04)	0.09	0.47	(0.44)	0.79	(0.90)	2.34
TPILX	0.26	0.03	(0.06)	0.18	0.09	(0.34)	0.52	(0.43)	2.48
MNMCX	0.35	0.07	0.04	0.29	0.00	(0.43)	0.68	(0.50)	4.13
SXMAX	0.50	0.18	0.33	0.53	0.00	(0.70)	0.57	(0.50)	12.92
PARCX	0.41	0.06	0.04	0.19	0.28	(0.46)	0.82	(0.73)	4.41
TRRHX	0.35	0.05	0.02	0.20	0.18	(0.41)	0.66	(0.59)	4.11
TRSJX	0.54	0.01	0.00	0.10	0.69	(0.56)	1.06	(1.10)	2.90
TRRJX	0.47	0.05	0.03	0.16	0.43	(0.52)	0.96	(0.89)	3.80

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