Mfs Servative Correlations

MACFX Fund

USD 16.80 0.04 0.24%

The current 90-days correlation between Mfs Servative Allocation and Mfs Aggressive Growth is 0.35 (i.e., Weak 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 0.32 (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 census.

Moving together with Mfs Mutual Fund

0.77	UIVIX	Mfs Intrinsic Value	Pair Corr
0.61	OTCIX	Mfs Mid Cap	Pair Corr
0.61	OTCKX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	MAAGX	CCFAX	TRRAX	NBSRX	BEGRX	NINDX	JCNCX	TRLUX
MAAGX		0.95	0.71	0.79	0.08	0.66	0.47	0.8	MAAGX
CCFAX	0.95		0.75	0.8	0.17	0.68	0.3	0.82	CCFAX
TRRAX	0.71	0.75		0.82	0.01	0.83	0.06	0.89	TRRAX
NBSRX	0.79	0.8	0.82		0.14	0.91	0.05	0.87	NBSRX
BEGRX	0.08	0.17	0.01	0.14		0.25	-0.41	0.33	BEGRX
NINDX	0.66	0.68	0.83	0.91	0.25		-0.05	0.9	NINDX
JCNCX	0.47	0.3	0.06	0.05	-0.41	-0.05		0.07	JCNCX
TRLUX	0.8	0.82	0.89	0.87	0.33	0.9	0.07		TRLUX
	MAAGX	CCFAX	TRRAX	NBSRX	BEGRX	NINDX	JCNCX	TRLUX

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

CCFAX	+ 0.95	MAAGX
NINDX	+ 0.91	NBSRX
TRLUX	+ 0.9	NINDX
TRLUX	+ 0.89	TRRAX
TRLUX	+ 0.87	NBSRX
NINDX	+ 0.83	TRRAX

High negative correlations

JCNCX	- 0.41	BEGRX
JCNCX	- 0.05	NINDX

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
MAAGX	0.52	(0.04)	(0.07)	0.03	0.71	(0.50)	0.97	(1.08)	2.72
CCFAX	0.38	(0.01)	(0.08)	0.05	0.45	(0.44)	0.82	(0.75)	2.24
TRRAX	0.31	0.07	(0.01)	1.21	0.10	(0.37)	0.59	(0.52)	3.35
NBSRX	0.70	0.09	0.08	0.19	0.64	(0.72)	1.35	(0.94)	6.03
BEGRX	0.57	0.00	(0.06)	3.14	1.09	(0.58)	1.16	(0.95)	7.22
NINDX	0.87	0.31	0.24	(2.40)	0.50	(1.08)	1.54	(1.19)	18.45
JCNCX	0.97	(0.12)	0.00	(0.03)	0.00	0.00	1.81	(2.08)	5.65
TRLUX	0.56	0.06	0.00	0.52	0.60	(0.63)	1.04	(1.04)	2.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC