Mfs Conservative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACKX Fund  USD 16.36  0.04  0.25%   
The current 90-days correlation between Mfs Servative Allocation and Mfs Intrinsic Value is 0.86 (i.e., Very poor diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Almost no diversification

The correlation between Mfs Servative Allocation and DJI is 0.94 (i.e., Almost no 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 industry.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.97LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065PairCorr
  0.94HYPPX Mfs High YieldPairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.85UIVCX Mfs Intrinsic ValuePairCorr
  0.86UIVPX Mfs Intrinsic ValuePairCorr
  0.86UIVQX Mfs Intrinsic ValuePairCorr
  0.86UIVNX Mfs Intrinsic ValuePairCorr
  0.85UIVMX Mfs Intrinsic ValuePairCorr
  0.86UIVVX Mfs Intrinsic ValuePairCorr
  0.86UIVRX Mfs Intrinsic ValuePairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVDX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.92BRKBX Mfs Blended ResearchPairCorr
  0.92BRKCX Mfs Blended ResearchPairCorr
  0.92BRKAX Mfs Blended ResearchPairCorr
  0.92EMLBX Mfs Emerging MarketsPairCorr
  0.92EMLAX Mfs Emerging MarketsPairCorr
  0.92BRKUX Mfs Blended ResearchPairCorr
  0.92BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Conservative 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 Conservative'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
LFTFX  0.52  0.09  0.11  0.20  0.38 
(0.63)
 1.18 
(1.14)
 4.33 
LFTJX  0.53  0.09  0.10  0.19  0.40 
(0.62)
 1.18 
(1.14)
 4.22 
LFTGX  0.52  0.09  0.10  0.20  0.38 
(0.59)
 1.09 
(1.08)
 4.35 
LFTHX  0.53  0.10  0.11  0.20  0.37 
(0.63)
 1.09 
(1.13)
 4.31 
LFTMX  0.53  0.10  0.11  0.20  0.38 
(0.61)
 1.18 
(1.13)
 4.31 
LFTNX  0.53  0.09  0.11  0.20  0.39 
(0.63)
 1.18 
(1.07)
 4.31 
LFTKX  0.53  0.09  0.10  0.20  0.36 
(0.61)
 1.09 
(1.14)
 4.31 
LFTLX  0.53  0.09  0.11  0.20  0.38 
(0.61)
 1.09 
(1.14)
 4.23 
HYPPX  0.12  0.02 (0.27) 0.33  0.00 
(0.20)
 0.24 
(0.12)
 1.08 
UIVIX  0.67  0.00 (0.01) 0.07  0.75 
(0.74)
 1.49 
(1.38)
 3.77 

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