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 0.31 (i.e., Weak 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

Very weak diversification

The correlation between MFS Charter Income and DJI is 0.58 (i.e., Very weak 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 unemployment.

Moving against MFS Stock

0.52	PBCRY	Bank Central Asia	Pair Corr
0.46	CNGL	Canna Global Acquisition	Pair Corr
0.32	ARBK	Argo Blockchain PLC	Pair Corr

Related Correlations Analysis

	MMT	BKT	SCD	MIN	FTF	PMM	FCT	NCZ	OIA	AINTX
MMT		0.67	0.88	0.43	0.83	0.7	0.67	0.78	0.8	0.68	MMT
BKT	0.67		0.81	0.15	0.8	0.48	0.57	0.74	0.41	0.74	BKT
SCD	0.88	0.81		0.27	0.92	0.69	0.7	0.89	0.67	0.79	SCD
MIN	0.43	0.15	0.27		0.36	0.61	0.44	0.16	0.61	0.39	MIN
FTF	0.83	0.8	0.92	0.36		0.75	0.82	0.88	0.69	0.88	FTF
PMM	0.7	0.48	0.69	0.61	0.75		0.75	0.58	0.76	0.76	PMM
FCT	0.67	0.57	0.7	0.44	0.82	0.75		0.67	0.68	0.88	FCT
NCZ	0.78	0.74	0.89	0.16	0.88	0.58	0.67		0.6	0.75	NCZ
OIA	0.8	0.41	0.67	0.61	0.69	0.76	0.68	0.6		0.61	OIA
AINTX	0.68	0.74	0.79	0.39	0.88	0.76	0.88	0.75	0.61		AINTX
	MMT	BKT	SCD	MIN	FTF	PMM	FCT	NCZ	OIA	AINTX

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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	0.35	0.00	(0.11)	0.08	0.37	(0.42)	0.66	(0.66)	2.40
BKT	0.28	0.00	(0.15)	0.13	0.33	(0.34)	0.65	(0.64)	1.66
SCD	0.64	0.04	0.03	0.12	0.71	(0.68)	1.26	(1.24)	2.95
MIN	0.38	0.01	(0.09)	0.69	0.40	(0.57)	0.78	(0.77)	3.08
FTF	0.31	0.03	(0.04)	0.24	0.27	(0.38)	0.66	(0.67)	1.68
PMM	0.44	0.02	(0.11)	(0.16)	0.45	(0.58)	1.13	(0.97)	3.57
FCT	0.41	0.09	0.07	0.43	0.19	(0.52)	0.85	(0.70)	6.13
NCZ	0.75	0.08	0.07	0.18	0.75	(0.85)	1.65	(1.43)	4.66
OIA	0.45	0.05	(0.02)	0.80	0.44	(0.55)	0.84	(0.68)	3.84
AINTX	0.79	0.30	0.28	2.04	0.32	(1.00)	1.34	(1.15)	15.57

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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