Mfs Corporate Correlations

MFBJX Fund

USD 12.35 0.01 0.08%

The correlation of Mfs Corporate 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Porate Bond. 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 inflation.

Moving against Mfs Mutual Fund

0.39	MSFT	Microsoft	Pair Corr
0.38	AXP	American Express Sell-off Trend	Pair Corr
0.34	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	ECRIX	FPPJX	ECRBX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	MBABX
ECRIX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ECRIX
FPPJX	0.0		0.0	1.0	1.0	1.0	1.0	1.0	0.09	FPPJX
ECRBX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ECRBX
FPPQX	0.0	1.0	0.0		1.0	1.0	1.0	1.0	0.1	FPPQX
FPPRX	0.0	1.0	0.0	1.0		1.0	1.0	1.0	0.13	FPPRX
FPPSX	0.0	1.0	0.0	1.0	1.0		1.0	1.0	0.11	FPPSX
FPPUX	0.0	1.0	0.0	1.0	1.0	1.0		1.0	0.09	FPPUX
FPPVX	0.0	1.0	0.0	1.0	1.0	1.0	1.0		0.09	FPPVX
MBABX	0.0	0.09	0.0	0.1	0.13	0.11	0.09	0.09		MBABX
	ECRIX	FPPJX	ECRBX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	MBABX

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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

FPPQX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPJX
FPPSX	+ 1.0	FPPJX
FPPUX	+ 1.0	FPPJX
FPPVX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPQX

High negative correlations

MBABX	- 0.0	ECRBX
FPPVX	- 0.0	ECRBX
FPPUX	- 0.0	ECRBX
FPPSX	- 0.0	ECRBX
FPPRX	- 0.0	ECRBX
FPPQX	- 0.0	ECRBX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Corporate 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 Corporate'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
ECRIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPJX	0.28	0.04	(0.08)	0.46	0.27	(0.31)	0.52	(0.51)	1.62
ECRBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPQX	0.28	0.04	(0.09)	0.44	0.27	(0.31)	0.52	(0.51)	1.63
FPPRX	0.28	0.04	(0.09)	0.41	0.29	(0.32)	0.53	(0.52)	1.71
FPPSX	0.28	0.04	(0.09)	0.47	0.31	(0.29)	0.59	(0.51)	1.63
FPPUX	0.28	0.04	(0.09)	0.47	0.28	(0.31)	0.52	(0.51)	1.63
FPPVX	0.28	0.04	(0.08)	0.49	0.29	(0.31)	0.52	(0.51)	1.70
MBABX	0.19	(0.01)	(0.22)	(0.07)	0.29	(0.23)	0.43	(0.53)	1.48

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Mfs Corporate Correlations

Moving against Mfs Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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