MFS Municipal Correlations

MFM Stock

USD 5.55 0.03 0.54%

The current 90-days correlation between MFS Municipal Income and XAI Octagon Floating is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Municipal Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MFS Municipal Correlation With Market

Poor diversification

The correlation between MFS Municipal Income and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Municipal Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Municipal Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with MFS Stock

0.63	SPT6	Beta Systems Software	Pair Corr
0.9	HHI	Henderson High Income	Pair Corr
0.65	BK	Bank of New York	Pair Corr
0.85	FT	Franklin Universal Closed	Pair Corr
0.86	RA	Brookfield Real Assets	Pair Corr
0.88	WT	WisdomTree	Pair Corr
0.67	JLEN	JLEN Environmental Assets	Pair Corr
0.87	MNG	MG Plc	Pair Corr
0.62	MIGO	Migo Opportunities Trust	Pair Corr
0.89	VCTR	Victory Capital Holdings	Pair Corr
0.61	SSSS-P	Shooting Star Acquisition	Pair Corr
0.83	MNTN	Schiehallion Fund	Pair Corr

Moving against MFS Stock

0.72	MFG	Magellan Financial	Pair Corr
0.71	55O1	Apollo Investment Corp Earnings Call Tomorrow	Pair Corr
0.56	BX	Blackstone Group	Pair Corr
0.54	NP	Neptune Insurance	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr
0.86	ATY	Athelney Trust plc	Pair Corr
0.77	TIP	Teaminvest Private	Pair Corr
0.7	M9X	WhiteHorse Finance Earnings Call This Week	Pair Corr
0.52	KUR-H	Kure Technologies	Pair Corr
0.5	VRTS	Virtus Investment	Pair Corr
0.47	OEQ	Orion Equities Earnings Call Today	Pair Corr
0.43	DYCQ	DT Cloud Acquisition	Pair Corr

Related Correlations Analysis

	OXLC	XFLT	CRF	CLM	CGBD	HTGC	TCPC	ARCC
OXLC		0.92	0.77	0.67	0.75	0.91	0.85	0.83	OXLC
XFLT	0.92		0.82	0.74	0.72	0.91	0.76	0.73	XFLT
CRF	0.77	0.82		0.98	0.76	0.77	0.54	0.73	CRF
CLM	0.67	0.74	0.98		0.7	0.69	0.42	0.68	CLM
CGBD	0.75	0.72	0.76	0.7		0.81	0.72	0.94	CGBD
HTGC	0.91	0.91	0.77	0.69	0.81		0.86	0.83	HTGC
TCPC	0.85	0.76	0.54	0.42	0.72	0.86		0.78	TCPC
ARCC	0.83	0.73	0.73	0.68	0.94	0.83	0.78		ARCC
	OXLC	XFLT	CRF	CLM	CGBD	HTGC	TCPC	ARCC

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Municipal Company 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 Municipal'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
OXLC	1.81	(0.47)	0.00	(0.64)	0.00	0.00	2.84	(5.87)	20.94
XFLT	0.87	(0.25)	0.00	1.09	0.00	0.00	1.61	(2.06)	5.35
CRF	0.66	(0.04)	(0.07)	0.00	1.10	(0.67)	1.46	(1.33)	5.20
CLM	0.68	(0.01)	(0.05)	0.07	1.18	(0.71)	1.78	(1.34)	7.07
CGBD	1.05	(0.06)	(0.06)	0.00	1.35	(1.10)	2.60	(2.18)	7.29
HTGC	1.06	(0.26)	0.00	(0.34)	0.00	0.00	1.67	(3.03)	8.78
TCPC	1.55	(0.26)	0.00	(0.81)	0.00	0.00	2.62	(2.55)	16.50
ARCC	0.91	(0.07)	(0.07)	0.01	1.18	(1.05)	2.25	(2.07)	6.91

MFS Municipal Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
Susan Pereira	Assistant Secretary and Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
CFA CPA	Portfolio Manager	Profile

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