Mfs Conservative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACVX Fund  USD 16.79  0.04  0.24%   
The current 90-days correlation between Mfs Servative Allocation and Mfs Intrinsic Value is 0.51 (i.e., Very weak 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

Very poor diversification

The correlation between Mfs Servative Allocation and DJI is 0.89 (i.e., Very poor 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 small area income & poverty estimates.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.99LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTKX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.9UIVIX Mfs Intrinsic ValuePairCorr
  0.93UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.93UIVNX Mfs Intrinsic ValuePairCorr
  0.93UIVMX Mfs Intrinsic ValuePairCorr
  0.93UIVVX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.74OTCHX Mfs Mid CapPairCorr
  0.74OTCIX Mfs Mid CapPairCorr
  0.74OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.74OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.87BRKBX Mfs Blended ResearchPairCorr
  0.87BRKCX Mfs Blended ResearchPairCorr
  0.87BRKAX Mfs Blended ResearchPairCorr
  0.74OTCAX Mfs Mid CapPairCorr
  0.74OTCBX Mfs Mid CapPairCorr
  0.74OTCCX Mfs Mid CapPairCorr
  0.87EMLBX Mfs Emerging MarketsPairCorr
  0.88EMLAX Mfs Emerging MarketsPairCorr
  0.87BRKUX Mfs Blended ResearchPairCorr
  0.88BRKVX 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  0.53  0.08  0.08  0.17  0.46 
(0.61)
 1.18 
(1.14)
 4.33 
LFTJX  0.54  0.07  0.08  0.16  0.48 
(0.61)
 1.18 
(1.21)
 4.22 
LFTGX  0.53  0.07  0.08  0.16  0.46 
(0.58)
 1.09 
(1.14)
 4.35 
LFTHX  0.54  0.08  0.08  0.17  0.46 
(0.62)
 1.09 
(1.15)
 4.31 
LFTMX  0.54  0.08  0.08  0.17  0.47 
(0.60)
 1.18 
(1.15)
 4.31 
LFTNX  0.54  0.08  0.08  0.17  0.47 
(0.62)
 1.18 
(1.15)
 4.31 
LFTKX  0.54  0.08  0.08  0.17  0.45 
(0.60)
 1.09 
(1.15)
 4.31 
LFTLX  0.54  0.08  0.08  0.17  0.46 
(0.60)
 1.09 
(1.14)
 4.23 
HYPPX  0.12  0.02 (0.23) 0.26  0.00 
(0.21)
 0.24 
(0.12)
 1.08 
UIVIX  0.67 (0.01)(0.01) 0.05  0.79 
(0.72)
 1.49 
(1.39)
 3.77 

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