Mfs Growth Correlations

MFEKX Fund

USD 229.45 2.29 1.01%

The current 90-days correlation between Mfs Growth Fund and Mfs Value Fund is 0.56 (i.e., Very weak diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Mfs Growth Fund and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth 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 Growth 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 industry.

Moving together with Mfs Mutual Fund

0.82	LFTFX	Mfs Lifetime 2065	Pair Corr
0.81	LFTJX	Mfs Lifetime 2065	Pair Corr
0.81	LFTGX	Mfs Lifetime 2065	Pair Corr
0.83	LFTHX	Mfs Lifetime 2065	Pair Corr
0.88	LFTMX	Mfs Lifetime 2065	Pair Corr
0.88	LFTNX	Mfs Lifetime 2065	Pair Corr
0.88	LFTLX	Mfs Lifetime 2065	Pair Corr
0.96	UIVIX	Mfs Intrinsic Value	Pair Corr
0.95	UIVCX	Mfs Intrinsic Value	Pair Corr
0.96	UIVPX	Mfs Intrinsic Value	Pair Corr
0.96	UIVQX	Mfs Intrinsic Value	Pair Corr
0.95	UIVNX	Mfs Intrinsic Value	Pair Corr
0.95	UIVMX	Mfs Intrinsic Value	Pair Corr
0.96	UIVVX	Mfs Intrinsic Value	Pair Corr
0.96	UIVRX	Mfs Intrinsic Value	Pair Corr
0.94	OTCHX	Mfs Mid Cap	Pair Corr
0.94	OTCIX	Mfs Mid Cap	Pair Corr
0.94	OTCJX	Mfs Mid Cap	Pair Corr
0.94	OTCKX	Mfs Mid Cap	Pair Corr
0.94	OTCAX	Mfs Mid Cap	Pair Corr
0.94	OTCBX	Mfs Mid Cap	Pair Corr
0.94	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.42	MKVCX	Mfs International Large	Pair Corr
0.42	MKVDX	Mfs International Large	Pair Corr
0.41	MKVEX	Mfs International Large	Pair Corr
0.4	MKVGX	Mfs International Large	Pair Corr
0.4	MKVFX	Mfs International Large	Pair Corr
0.58	EMLNX	Mfs Emerging Markets	Pair Corr
0.58	EMLJX	Mfs Emerging Markets	Pair Corr
0.57	EMLCX	Mfs Emerging Markets	Pair Corr
0.56	EMLLX	Mfs Emerging Markets	Pair Corr
0.55	EMLAX	Mfs Emerging Markets	Pair Corr
0.55	EMLMX	Mfs Emerging Markets	Pair Corr
0.54	EMLKX	Mfs Emerging Markets	Pair Corr
0.41	DIFDX	Mfs Diversified Income	Pair Corr
0.41	DIFCX	Mfs Diversified Income	Pair Corr

Related Correlations Analysis

	MEIIX	MINIX	MDIJX	JVLIX
MEIIX		-0.3	-0.16	0.91	MEIIX
MINIX	-0.3		0.84	-0.46	MINIX
MDIJX	-0.16	0.84		-0.3	MDIJX
JVLIX	0.91	-0.46	-0.3		JVLIX
	MEIIX	MINIX	MDIJX	JVLIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JVLIX	+ 0.91	MEIIX
MDIJX	+ 0.84	MINIX

High negative correlations

JVLIX	- 0.46	MINIX
JVLIX	- 0.3	MDIJX
MINIX	- 0.3	MEIIX
MDIJX	- 0.16	MEIIX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Growth 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 Growth'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
MEIIX	0.51	(0.03)	(0.11)	0.08	0.45	(0.59)	1.05	(0.97)	3.42
MINIX	0.63	(0.12)	0.00	(0.17)	0.00	0.00	1.20	(1.47)	4.18
MDIJX	0.57	(0.04)	0.00	0.62	0.00	0.00	1.10	(1.26)	3.85
JVLIX	0.58	(0.01)	(0.01)	0.11	0.49	(0.71)	1.19	(0.98)	5.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC