Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIGX Fund  USD 53.76  0.34  0.64%   
The current 90-days correlation between Mfs Value Fund and Mfs Prudent Investor is -0.02 (i.e., Good 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 price.

Moving together with Mfs Mutual Fund

  0.83LFTFX Mfs Lifetime 2065PairCorr
  0.83LFTLX Mfs Lifetime 2065PairCorr
  0.82OTCIX Mfs Mid CapPairCorr
  0.82OTCJX Mfs Mid CapPairCorr
  0.82OTCKX Mfs Mid CapPairCorr
  0.86OTCAX Mfs Mid CapPairCorr
  0.86BRSUX Mfs Blended ResearchPairCorr
  0.86BRSJX Mfs Blended ResearchPairCorr
  0.86BRSDX Mfs Blended ResearchPairCorr
  0.93BRUDX Mfs Blended ResearchPairCorr
  0.79BRWCX Mfs Blended ResearchPairCorr
  0.72MLTIX Mfs Lifetime 2030PairCorr
  0.82MLVAX Mfs Low VolatilityPairCorr
  0.96MLVPX Mfs Low VolatilityPairCorr
  0.96MLVMX Mfs Low VolatilityPairCorr

Moving against Mfs Mutual Fund

  0.36EMLCX Mfs Emerging MarketsPairCorr
  0.35EMLAX Mfs Emerging MarketsPairCorr
  0.48MRBCX Mfs Total ReturnPairCorr
  0.33MRSGX Mfs Research InternaPairCorr
  0.32MRSAX Mfs Research InternaPairCorr
  0.32MRSKX 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  0.28 (0.01)(0.31) 1.39  0.36 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.28 (0.01) 0.00  0.77  0.00 
 0.00 
 0.59 
(0.67)
 1.74 
FPPRX  0.28  0.00  0.00  0.00  0.00 
 0.00 
 0.59 
(0.76)
 1.85 
FPPSX  0.28 (0.01) 0.00  0.75  0.00 
 0.00 
 0.59 
(0.67)
 1.83 
FPPUX  0.28 (0.01)(0.33) 0.52  0.35 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.27 (0.01)(0.32) 0.80  0.34 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47 (0.02)(0.10) 0.08  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47 (0.03)(0.09) 0.08  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46 (0.03)(0.10) 0.08  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTHX  0.48 (0.02)(0.09) 0.09  0.53 
(0.55)
 0.87 
(0.95)
 3.22 

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