Mfs Strategic Correlations

Mutual Funds . USA . 
Fund . Mfs Strategic Income
MFIOX Fund  USD 5.99  0.01  0.17%   
The current 90-days correlation between Mfs Strategic Income and Nuveen Global High is -0.18 (i.e., Good 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

Modest diversification

The correlation between Mfs Strategic Income and DJI is 0.21 (i.e., Modest 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.73LFTFX Mfs Lifetime 2065PairCorr
  0.73LFTJX Mfs Lifetime 2065PairCorr
  0.73LFTGX Mfs Lifetime 2065PairCorr
  0.73LFTHX Mfs Lifetime 2065PairCorr
  0.73LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.73LFTKX Mfs Lifetime 2065PairCorr
  0.73LFTLX Mfs Lifetime 2065PairCorr
  0.7HYPPX Mfs High YieldPairCorr
  0.76UIVIX Mfs Intrinsic ValuePairCorr
  0.67UIVCX Mfs Intrinsic ValuePairCorr
  0.67UIVPX Mfs Intrinsic ValuePairCorr
  0.67UIVQX Mfs Intrinsic ValuePairCorr
  0.67UIVNX Mfs Intrinsic ValuePairCorr
  0.67UIVMX Mfs Intrinsic ValuePairCorr
  0.68UIVVX Mfs Intrinsic ValuePairCorr
  0.67UIVRX Mfs Intrinsic ValuePairCorr
  0.67MKVCX Mfs International LargePairCorr
  0.66MKVBX Mfs International LargePairCorr
  0.67MKVGX Mfs International LargePairCorr
  0.67MKVFX Mfs International LargePairCorr
  0.67MKVEX Mfs International LargePairCorr
  0.67MKVDX Mfs International LargePairCorr
  0.67MKVIX Mfs International LargePairCorr
  0.67MKVHX Mfs Series TrustPairCorr
  0.64EMLBX Mfs Emerging MarketsPairCorr

Related Correlations Analysis


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
+ 0.97
EDIIX
EDIIX
+ 0.95
TEI
TRFFX
+ 0.9
TEI
TRFFX
+ 0.78
ERC
EDIIX
+ 0.77
ERC
RFI
+ 0.73
NPCT
  

High negative correlations

NPCT
- 0.76
TEI
EDIIX
- 0.7
NPCT
RFI
- 0.62
TEI
TRFFX
- 0.59
NPCT
BRW
- 0.58
TEI
BRW
- 0.56
EDIIX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JGH  0.38 (0.03) 0.00 (0.06) 0.00 
 0.00 
 0.82 
(0.87)
 3.16 
TEI  0.68  0.16  0.14  0.42  0.48 
(0.84)
 1.69 
(1.20)
 5.00 
NPCT  0.33 (0.05) 0.00 (1.61) 0.00 
 0.00 
 0.68 
(0.67)
 1.74 
DBL  0.34 (0.03) 0.00 (0.16) 0.00 
 0.00 
 0.72 
(0.72)
 2.05 
ERC  0.38 (0.02)(0.11) 0.01  0.45 
(0.43)
 0.76 
(0.87)
 2.38 
EDIIX  0.37  0.04  0.01  0.13  0.38 
(0.42)
 0.86 
(0.87)
 2.15 
BRW  0.48 (0.09) 0.00 (0.41) 0.00 
 0.00 
 0.86 
(1.00)
 2.43 
NCA  0.53  0.09  0.03 (0.45) 0.57 
(0.66)
 1.19 
(0.98)
 5.74 
RFI  0.51 (0.10) 0.00 (0.23) 0.00 
 0.00 
 0.98 
(1.09)
 2.28 
TRFFX  0.50  0.02  0.00  0.08  0.60 
(0.53)
 1.01 
(1.13)
 2.64 

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