Mfs Value Correlations

MFEBX Fund

USD 50.36 0.33 0.65%

The current 90-days correlation between Mfs Value Fund and Vanguard Value Index is 0.67 (i.e., Poor 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

Weak diversification

The correlation between Mfs Value Fund and DJI is 0.31 (i.e., Weak 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 bureau of labor statistics.

Moving together with MFS Mutual Fund

0.69	LFTGX	Mfs Lifetime 2065	Pair Corr
0.68	LFTKX	Mfs Lifetime 2065	Pair Corr
0.7	UIVPX	Mfs Intrinsic Value	Pair Corr
0.7	UIVRX	Mfs Intrinsic Value	Pair Corr
0.85	OTCIX	Mfs Mid Cap	Pair Corr
0.85	OTCJX	Mfs Mid Cap	Pair Corr
0.84	MKVCX	Mfs International Large	Pair Corr
0.84	MKVDX	Mfs International Large	Pair Corr
0.86	OTCAX	Mfs Mid Cap	Pair Corr
0.74	EMLBX	Mfs Emerging Markets	Pair Corr
0.85	DIFIX	Mfs Diversified Income	Pair Corr
0.73	EMLMX	Mfs Emerging Markets	Pair Corr
0.85	DIFHX	Mfs Diversified Income	Pair Corr
0.71	EMLKX	Mfs Emerging Markets	Pair Corr
0.85	DIFEX	Mfs Diversified Income	Pair Corr
0.87	DIFDX	Mfs Diversified Income	Pair Corr
0.87	DIFCX	Mfs Diversified Income	Pair Corr
0.84	DIFAX	Mfs Diversified Income	Pair Corr
0.93	BRSSX	Mfs Blended Research	Pair Corr
0.93	BRSPX	Mfs Blended Research	Pair Corr
1.0	BRUMX	Mfs Blended Research	Pair Corr
1.0	BRUHX	Mfs Blended Research	Pair Corr
0.78	MLLCX	Mfs Lifetime Retirement	Pair Corr
0.78	MLTCX	Mfs Lifetime 2030	Pair Corr
0.77	MLTHX	Mfs Lifetime 2030	Pair Corr
0.99	MLVBX	Mfs Low Volatility	Pair Corr
0.91	MMUFX	Mfs Utilities	Pair Corr
0.65	MRRRX	Mfs Total Return	Pair Corr

Related Correlations Analysis

	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX
VVIAX		0.98	0.82	0.82	0.82	0.82	0.75	0.75	0.87	1.0	VVIAX
DOXGX	0.98		0.78	0.78	0.78	0.78	0.71	0.7	0.85	0.98	DOXGX
AFMFX	0.82	0.78		1.0	1.0	1.0	0.96	0.96	0.98	0.83	AFMFX
FFMMX	0.82	0.78	1.0		1.0	1.0	0.96	0.96	0.98	0.83	FFMMX
FFFMX	0.82	0.78	1.0	1.0		1.0	0.96	0.96	0.98	0.83	FFFMX
AMRMX	0.82	0.78	1.0	1.0	1.0		0.96	0.96	0.98	0.82	AMRMX
AMFFX	0.75	0.71	0.96	0.96	0.96	0.96		1.0	0.96	0.76	AMFFX
AMFCX	0.75	0.7	0.96	0.96	0.96	0.96	1.0		0.95	0.75	AMFCX
DODGX	0.87	0.85	0.98	0.98	0.98	0.98	0.96	0.95		0.87	DODGX
VIVAX	1.0	0.98	0.83	0.83	0.83	0.82	0.76	0.75	0.87		VIVAX
	VVIAX	DOXGX	AFMFX	FFMMX	FFFMX	AMRMX	AMFFX	AMFCX	DODGX	VIVAX

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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
VVIAX	0.57	(0.01)	(0.09)	0.07	0.65	(0.66)	1.19	(0.79)	5.19
DOXGX	0.56	0.02	(0.05)	0.15	0.66	(0.60)	1.27	(1.00)	5.95
AFMFX	0.53	(0.09)	0.00	(0.07)	0.00	0.00	1.02	(1.01)	6.50
FFMMX	0.53	(0.09)	0.00	(0.07)	0.00	0.00	1.00	(1.01)	6.46
FFFMX	0.53	(0.09)	0.00	(0.07)	0.00	0.00	1.02	(1.02)	6.51
AMRMX	0.53	(0.09)	0.00	(0.07)	0.00	0.00	1.02	(1.02)	6.46
AMFFX	0.53	(0.06)	0.00	(2.29)	0.00	0.00	1.01	(1.01)	6.50
AMFCX	0.53	(0.06)	0.00	(2.38)	0.00	0.00	1.00	(1.02)	6.56
DODGX	0.62	(0.04)	0.00	(0.03)	0.00	0.00	1.27	(1.00)	10.23
VIVAX	0.57	(0.01)	(0.09)	0.07	0.65	(0.66)	1.18	(0.78)	5.20

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Mfs Value Correlations

Mfs Value Correlation With Market

Weak diversification

Moving together with MFS Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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