Mfs Value Correlations

MEIHX Fund

USD 55.18 0.01 0.02%

The current 90-days correlation between Mfs Value Fund and Tax Managed Mid Small is 0.03 (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 rate.

Moving together with Mfs Mutual Fund

0.84	LFTGX	Mfs Lifetime 2065	Pair Corr
0.84	LFTMX	Mfs Lifetime 2065	Pair Corr
0.78	LFTKX	Mfs Lifetime 2065	Pair Corr
0.91	UIVIX	Mfs Intrinsic Value	Pair Corr
0.91	UIVCX	Mfs Intrinsic Value	Pair Corr
0.91	UIVPX	Mfs Intrinsic Value	Pair Corr
0.9	UIVNX	Mfs Intrinsic Value	Pair Corr
0.91	UIVMX	Mfs Intrinsic Value	Pair Corr
0.91	UIVRX	Mfs Intrinsic Value	Pair Corr
0.9	OTCHX	Mfs Mid Cap	Pair Corr
0.9	OTCIX	Mfs Mid Cap	Pair Corr
0.9	OTCJX	Mfs Mid Cap	Pair Corr
0.9	OTCKX	Mfs Mid Cap	Pair Corr
0.9	OTCAX	Mfs Mid Cap	Pair Corr
0.9	OTCBX	Mfs Mid Cap	Pair Corr
0.9	OTCCX	Mfs Mid Cap	Pair Corr
0.9	BRSUX	Mfs Blended Research	Pair Corr
0.9	BRSSX	Mfs Blended Research	Pair Corr
0.9	BRSJX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.47	EMLAX	Mfs Emerging Markets	Pair Corr
0.47	EMLNX	Mfs Emerging Markets	Pair Corr
0.44	EMLBX	Mfs Emerging Markets	Pair Corr
0.34	MKVDX	Mfs International Large	Pair Corr
0.32	MKVIX	Mfs International Large	Pair Corr
0.43	EMLMX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	RTOUX	QUAIX	MSSGX	PMDDX	CWSIX	TVOYX	APDSX
RTOUX		0.9	0.88	0.98	0.91	0.93	0.87	RTOUX
QUAIX	0.9		0.86	0.91	0.9	0.94	0.98	QUAIX
MSSGX	0.88	0.86		0.94	0.92	0.91	0.84	MSSGX
PMDDX	0.98	0.91	0.94		0.93	0.94	0.87	PMDDX
CWSIX	0.91	0.9	0.92	0.93		0.99	0.89	CWSIX
TVOYX	0.93	0.94	0.91	0.94	0.99		0.92	TVOYX
APDSX	0.87	0.98	0.84	0.87	0.89	0.92		APDSX
	RTOUX	QUAIX	MSSGX	PMDDX	CWSIX	TVOYX	APDSX

Click cells to compare fundamentals

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RTOUX	0.80	0.10	0.00	0.81	0.84	(0.88)	1.78	(1.45)	6.26
QUAIX	0.93	0.01	0.05	0.13	1.02	(1.00)	1.92	(2.14)	6.76
MSSGX	1.45	0.55	0.29	7.46	1.11	(1.78)	3.46	(2.26)	7.23
PMDDX	0.70	0.11	0.00	1.70	0.65	(0.85)	1.61	(1.31)	5.22
CWSIX	0.89	(0.02)	0.03	0.11	0.77	(1.13)	2.04	(1.47)	7.79
TVOYX	0.80	(0.02)	0.02	0.11	0.68	(0.96)	1.70	(1.42)	6.73
APDSX	0.96	0.01	0.03	0.13	1.13	(0.95)	2.03	(1.99)	5.77

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