MFS Charter Correlations

MCR Stock

USD 6.26 0.02 0.32%

The current 90-days correlation between MFS Charter Income and MFS Multimarket Income is 0.28 (i.e., Modest diversification). The correlation of MFS Charter 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 Charter Correlation With Market

Poor diversification

The correlation between MFS Charter Income and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Charter Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Charter Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

Moving together with MFS Stock

0.77	HHI	Henderson High Income	Pair Corr
0.85	FT	Franklin Universal Closed	Pair Corr
0.8	RA	Brookfield Real Assets	Pair Corr
0.72	WT	WisdomTree	Pair Corr
0.73	MNG	MG Plc	Pair Corr
0.71	VCTR	Victory Capital Holdings	Pair Corr
0.69	MNTN	Schiehallion Fund	Pair Corr

Moving against MFS Stock

0.45	55O1	Apollo Investment Corp Earnings Call This Week	Pair Corr
0.41	MFG	Magellan Financial	Pair Corr
0.36	NP	Neptune Insurance	Pair Corr
0.33	BX	Blackstone Group	Pair Corr
0.69	TIP	Teaminvest Private	Pair Corr
0.63	ATY	Athelney Trust plc	Pair Corr
0.59	M9X	WhiteHorse Finance Earnings Call This Week	Pair Corr
0.55	KUR-H	Kure Technologies	Pair Corr
0.39	OEQ	Orion Equities Earnings Call Tomorrow	Pair Corr
0.36	VRTS	Virtus Investment	Pair Corr
0.31	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	MMT	BKT	SCD	MIN	FTF	PMM	FCT	NCZ	OIA	AINTX
MMT		0.88	0.93	-0.19	0.87	0.81	0.62	0.92	0.93	0.72	MMT
BKT	0.88		0.94	-0.08	0.92	0.84	0.74	0.92	0.81	0.87	BKT
SCD	0.93	0.94		-0.16	0.94	0.88	0.73	0.98	0.89	0.86	SCD
MIN	-0.19	-0.08	-0.16		-0.17	-0.08	-0.18	-0.17	-0.24	-0.15	MIN
FTF	0.87	0.92	0.94	-0.17		0.83	0.83	0.91	0.8	0.91	FTF
PMM	0.81	0.84	0.88	-0.08	0.83		0.68	0.86	0.79	0.81	PMM
FCT	0.62	0.74	0.73	-0.18	0.83	0.68		0.72	0.58	0.91	FCT
NCZ	0.92	0.92	0.98	-0.17	0.91	0.86	0.72		0.89	0.85	NCZ
OIA	0.93	0.81	0.89	-0.24	0.8	0.79	0.58	0.89		0.68	OIA
AINTX	0.72	0.87	0.86	-0.15	0.91	0.81	0.91	0.85	0.68		AINTX
	MMT	BKT	SCD	MIN	FTF	PMM	FCT	NCZ	OIA	AINTX

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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

NCZ	+ 0.98	SCD
SCD	+ 0.94	BKT
FTF	+ 0.94	SCD
SCD	+ 0.93	MMT
OIA	+ 0.93	MMT
NCZ	+ 0.92	MMT

High negative correlations

OIA	- 0.24	MIN
MIN	- 0.19	MMT
FCT	- 0.18	MIN
NCZ	- 0.17	MIN
FTF	- 0.17	MIN
MIN	- 0.16	SCD

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Charter Company 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 Charter'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
MMT	0.32	0.03	(0.05)	0.83	0.32	(0.37)	0.64	(0.65)	1.53
BKT	0.24	0.04	(0.06)	0.72	0.14	(0.32)	0.74	(0.56)	1.67
SCD	0.58	0.13	0.16	0.27	0.39	(0.70)	1.27	(0.87)	2.62
MIN	0.42	0.02	(0.09)	(0.09)	0.43	(0.72)	1.17	(0.77)	3.10
FTF	0.29	0.06	0.00	0.76	0.21	(0.34)	0.67	(0.67)	1.70
PMM	0.46	0.06	0.00	1.16	0.42	(0.58)	1.15	(0.97)	3.90
FCT	0.40	0.10	0.08	2.36	0.18	(0.53)	0.86	(0.75)	6.29
NCZ	0.65	0.13	0.15	0.30	0.44	(0.78)	1.38	(1.05)	4.02
OIA	0.43	0.08	0.03	1.55	0.39	(0.53)	0.84	(0.67)	3.86
AINTX	0.86	0.34	0.33	1.12	0.33	(1.10)	1.92	(1.29)	15.77

MFS Charter Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
CFA CFA	Portfolio Manager	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile

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