Mfs Strategic Correlations

MFIOX Fund

USD 6.01 0.02 0.33%

The current 90-days correlation between Mfs Strategic Income and T Rowe Price is 0.24 (i.e., Modest diversification). The correlation of Mfs Strategic 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 Strategic Correlation With Market

Very poor diversification

The correlation between Mfs Strategic Income and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Strategic Income 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 Strategic Income. 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 employment.

Moving together with Mfs Mutual Fund

0.85	LFTFX	Mfs Lifetime 2065	Pair Corr
0.85	LFTJX	Mfs Lifetime 2065	Pair Corr
0.85	LFTGX	Mfs Lifetime 2065	Pair Corr
0.85	LFTHX	Mfs Lifetime 2065	Pair Corr
0.85	LFTMX	Mfs Lifetime 2065	Pair Corr
0.85	LFTNX	Mfs Lifetime 2065	Pair Corr
0.85	LFTKX	Mfs Lifetime 2065	Pair Corr
0.85	LFTLX	Mfs Lifetime 2065	Pair Corr
0.84	HYPPX	Mfs High Yield	Pair Corr
0.77	UIVIX	Mfs Intrinsic Value	Pair Corr
0.76	UIVCX	Mfs Intrinsic Value	Pair Corr
0.61	UIVPX	Mfs Intrinsic Value	Pair Corr
0.63	UIVQX	Mfs Intrinsic Value	Pair Corr
0.63	UIVNX	Mfs Intrinsic Value	Pair Corr
0.76	UIVMX	Mfs Intrinsic Value	Pair Corr
0.76	UIVRX	Mfs Intrinsic Value	Pair Corr
0.86	MKVCX	Mfs International Large	Pair Corr
0.84	MKVBX	Mfs International Large	Pair Corr
0.84	MKVFX	Mfs International Large	Pair Corr
0.84	MKVDX	Mfs International Large	Pair Corr
0.86	MKVIX	Mfs International Large	Pair Corr
0.84	MKVHX	Mfs Series Trust	Pair Corr
0.8	BRKBX	Mfs Blended Research	Pair Corr
0.83	BRKCX	Mfs Blended Research	Pair Corr
0.85	EMLBX	Mfs Emerging Markets	Pair Corr
0.84	EMLAX	Mfs Emerging Markets	Pair Corr
0.83	BRKUX	Mfs Blended Research	Pair Corr
0.83	BRKRX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	JGH	TEI	NPCT	DBL	ERC	EDIIX	BRW	NCA	RFI	TRFFX
JGH		0.89	0.18	0.15	0.86	0.89	-0.75	0.89	0.53	0.9	JGH
TEI	0.89		0.0	0.22	0.85	0.94	-0.76	0.72	0.34	0.95	TEI
NPCT	0.18	0.0		0.04	0.27	-0.08	-0.27	0.33	0.75	0.03	NPCT
DBL	0.15	0.22	0.04		0.25	0.26	0.03	0.02	0.14	0.29	DBL
ERC	0.86	0.85	0.27	0.25		0.85	-0.63	0.68	0.52	0.9	ERC
EDIIX	0.89	0.94	-0.08	0.26	0.85		-0.63	0.69	0.27	0.98	EDIIX
BRW	-0.75	-0.76	-0.27	0.03	-0.63	-0.63		-0.75	-0.46	-0.65	BRW
NCA	0.89	0.72	0.33	0.02	0.68	0.69	-0.75		0.59	0.7	NCA
RFI	0.53	0.34	0.75	0.14	0.52	0.27	-0.46	0.59		0.39	RFI
TRFFX	0.9	0.95	0.03	0.29	0.9	0.98	-0.65	0.7	0.39		TRFFX
	JGH	TEI	NPCT	DBL	ERC	EDIIX	BRW	NCA	RFI	TRFFX

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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

TRFFX	+ 0.98	EDIIX
TRFFX	+ 0.95	TEI
EDIIX	+ 0.94	TEI
TRFFX	+ 0.9	JGH
TRFFX	+ 0.9	ERC
TEI	+ 0.89	JGH

High negative correlations

BRW	- 0.76	TEI
NCA	- 0.75	BRW
BRW	- 0.75	JGH
TRFFX	- 0.65	BRW
BRW	- 0.63	EDIIX
BRW	- 0.63	ERC

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Strategic 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 Strategic'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
JGH	0.31	0.04	(0.11)	0.34	0.22	(0.39)	0.80	(0.57)	1.94
TEI	0.61	0.21	0.19	0.77	0.37	(0.75)	1.36	(1.10)	5.04
NPCT	0.33	0.01	(0.16)	0.32	0.41	(0.34)	0.77	(0.77)	1.74
DBL	0.30	(0.01)	(0.27)	(0.11)	0.32	(0.36)	0.60	(0.52)	2.05
ERC	0.36	0.01	(0.12)	0.15	0.36	(0.43)	0.87	(0.65)	2.38
EDIIX	0.41	0.05	0.00	0.19	0.31	(0.47)	0.92	(0.77)	2.21
BRW	0.44	(0.13)	0.00	(0.38)	0.00	0.00	0.87	(1.15)	2.96
NCA	0.53	0.10	(0.01)	(0.42)	0.58	(0.64)	1.19	(0.98)	5.74
RFI	0.58	0.04	(0.03)	0.18	0.62	(0.61)	1.19	(1.01)	2.54
TRFFX	0.52	0.06	0.04	0.17	0.50	(0.58)	1.19	(1.04)	2.73

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