Mfs Aggressive Correlations

Mutual Funds . USA . 
Fund . Mfs Aggressive Growth
MAWAX Fund  USD 31.56  0.14  0.45%   
The current 90-days correlation between Mfs Aggressive Growth and Mfs Prudent Investor is 0.64 (i.e., Poor 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 poor diversification

The correlation between Mfs Aggressive Growth and DJI is 0.82 (i.e., Very poor 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 signals in nation.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  1.0LFTGX 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
  0.7HYPPX Mfs High YieldPairCorr
  0.93UIVIX 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
  0.81OTCHX Mfs Mid CapPairCorr
  0.85OTCIX Mfs Mid CapPairCorr
  0.85OTCJX Mfs Mid CapPairCorr
  0.85OTCKX Mfs Mid CapPairCorr
  0.85OTCGX Mfs Mid CapPairCorr
  0.85OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.28 (0.02)(0.28) 0.02  0.35 
(0.30)
 0.51 
(0.67)
 1.82 
FPPQX  0.29 (0.02)(0.29) 0.01  0.36 
(0.31)
 0.58 
(0.67)
 1.74 
FPPRX  0.28 (0.03)(0.30) 0.00  0.36 
(0.30)
 0.52 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.32)(2.84) 0.37 
(0.30)
 0.58 
(0.67)
 1.83 
FPPUX  0.29 (0.02)(0.30) 0.02  0.35 
(0.32)
 0.58 
(0.75)
 1.82 
FPPVX  0.27 (0.02)(0.30) 0.02  0.34 
(0.29)
 0.50 
(0.66)
 1.82 
LFTFX  0.45 (0.02)(0.10) 0.09  0.52 
(0.52)
 0.87 
(0.86)
 2.82 
LFTJX  0.45 (0.03)(0.10) 0.09  0.53 
(0.52)
 0.87 
(0.87)
 2.93 
LFTGX  0.45 (0.03)(0.10) 0.09  0.52 
(0.51)
 0.87 
(0.87)
 2.84 
LFTHX  0.46 (0.02)(0.10) 0.09  0.53 
(0.53)
 0.86 
(0.95)
 2.80 

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