Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIAX Fund  USD 55.47  0.01  0.02%   
The current 90-days correlation between Mfs Value Fund and Mfs Prudent Investor is 0.01 (i.e., Significant diversification). The correlation of Mfs Value 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 Value Correlation With Market

Almost no diversification

The correlation between Mfs Value Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value Fund 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 Value Fund. 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

  0.77LFTFX Mfs Lifetime 2065PairCorr
  0.84LFTLX Mfs Lifetime 2065PairCorr
  0.89OTCIX Mfs Mid CapPairCorr
  0.89OTCJX Mfs Mid CapPairCorr
  0.89OTCKX Mfs Mid CapPairCorr
  0.89OTCAX Mfs Mid CapPairCorr
  0.88BRSUX Mfs Blended ResearchPairCorr
  0.88BRSJX Mfs Blended ResearchPairCorr
  0.88BRSDX Mfs Blended ResearchPairCorr
  0.94BRUDX Mfs Blended ResearchPairCorr
  0.81BRWCX Mfs Blended ResearchPairCorr
  0.64MLTIX Mfs Lifetime 2030PairCorr
  0.97MLVAX Mfs Low VolatilityPairCorr
  0.97MLVPX Mfs Low VolatilityPairCorr
  0.96MLVMX Mfs Low VolatilityPairCorr

Moving against Mfs Mutual Fund

  0.42EMLCX Mfs Emerging MarketsPairCorr
  0.4EMLAX Mfs Emerging MarketsPairCorr
  0.52MRBCX Mfs Total ReturnPairCorr
  0.39MRSAX Mfs Research InternaPairCorr
  0.39MRSGX Mfs Research InternaPairCorr
  0.38MRSKX Mfs Research InternaPairCorr

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 Value 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 Value'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  0.29  0.00 (0.27) 0.10  0.35 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.29  0.00 (0.28)(0.21) 0.35 
(0.33)
 0.59 
(0.67)
 1.74 
FPPRX  0.29 (0.01)(0.30)(0.35) 0.36 
(0.32)
 0.59 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.29) 0.00  0.36 
(0.32)
 0.59 
(0.67)
 1.83 
FPPUX  0.29  0.00 (0.30)(0.40) 0.34 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.28  0.00 (0.29) 0.19  0.33 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47  0.06 (0.09) 8.69  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47  0.05 (0.09) 3.04  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46  0.05 (0.09) 2.61  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTHX  0.48  0.00 (0.09) 0.00  0.53 
(0.55)
 0.87 
(0.95)
 3.22 

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