MFS Active Correlations

MFSG Etf

27.13 0.01 0.04%

The correlation of MFS Active 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.

MFS Active Correlation With Market

Very good diversification

The correlation between MFS Active Growth and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Active Growth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Etf

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

Moving together with MFS Etf

0.87	VUG	Vanguard Growth Index	Pair Corr
0.96	IWF	iShares Russell 1000	Pair Corr
0.85	IVW	iShares SP 500	Pair Corr
0.84	SPYG	SPDR Portfolio SP	Pair Corr
0.82	IUSG	iShares Core SP	Pair Corr
0.85	VONG	Vanguard Russell 1000	Pair Corr
0.85	MGK	Vanguard Mega Cap	Pair Corr
0.96	VRGWX	Vanguard Russell 1000	Pair Corr
0.79	QQQM	Invesco NASDAQ 100	Pair Corr
0.84	IWY	iShares Russell Top	Pair Corr
0.79	PLTI	REX ETF Trust	Pair Corr

Moving against MFS Etf

0.35	PFFL	ETRACS 2xMonthly Pay	Pair Corr
0.69	EMIF	iShares Emerging Markets	Pair Corr
0.61	VYMI	Vanguard International	Pair Corr
0.6	STXV	EA Series Trust	Pair Corr
0.6	FTCS	First Trust Capital	Pair Corr
0.59	IGEB	iShares Edge Investment	Pair Corr
0.57	DISV	Dimensional ETF Trust	Pair Corr
0.56	UEVM	VictoryShares Emerging	Pair Corr
0.54	JEPI	JPMorgan Equity Premium	Pair Corr
0.47	HEEM	iShares Currency Hedged	Pair Corr
0.46	DFE	WisdomTree Europe	Pair Corr
0.35	ULE	ProShares Ultra Euro	Pair Corr
0.33	DOO	BRP Inc Symbol Change	Pair Corr
0.73	VDC	Vanguard Consumer Staples	Pair Corr
0.69	SPDV	AAM SP 500	Pair Corr
0.65	DXJ	WisdomTree Japan Hedged	Pair Corr
0.61	RHRX	Starboard Investment	Pair Corr
0.61	TAXT	Northern Trust Tax	Pair Corr
0.59	PID	Invesco International	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DHLX	DIHP	DIVE	DIVN	DJAN	MDLV	DJUL
DHDG		0.48	0.7	0.85	0.83	0.79	0.96	0.78	0.98	DHDG
MBCC	0.48		0.28	0.1	0.67	0.01	0.6	-0.01	0.56	MBCC
DHLX	0.7	0.28		0.85	0.44	0.87	0.7	0.85	0.72	DHLX
DIHP	0.85	0.1	0.85		0.53	0.98	0.77	0.97	0.81	DIHP
DIVE	0.83	0.67	0.44	0.53		0.46	0.85	0.45	0.82	DIVE
DIVN	0.79	0.01	0.87	0.98	0.46		0.68	0.99	0.73	DIVN
DJAN	0.96	0.6	0.7	0.77	0.85	0.68		0.67	0.98	DJAN
MDLV	0.78	-0.01	0.85	0.97	0.45	0.99	0.67		0.72	MDLV
DJUL	0.98	0.56	0.72	0.81	0.82	0.73	0.98	0.72		DJUL
	DHDG	MBCC	DHLX	DIHP	DIVE	DIVN	DJAN	MDLV	DJUL

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

MDLV	+ 0.99	DIVN
DJUL	+ 0.98	DHDG
DIVN	+ 0.98	DIHP
DJUL	+ 0.98	DJAN
MDLV	+ 0.97	DIHP
DJAN	+ 0.96	DHDG

High negative correlations

MDLV

- 0.01

MBCC

MFS Active Constituents Risk-Adjusted Indicators

There is a big difference between MFS Etf performing well and MFS Active ETF 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 Active'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
DHDG	0.28	0.01	(0.07)	0.10	0.30	(0.30)	0.53	(0.67)	1.89
MBCC	0.51	(0.03)	(0.06)	0.04	0.66	(0.53)	1.32	(1.23)	3.34
DHLX	0.54	0.07	0.05	0.19	0.52	(0.61)	1.12	(0.95)	3.59
DIHP	0.52	0.15	0.15	0.34	0.43	(0.56)	1.07	(1.07)	3.01
DIVE	0.64	0.01	0.00	0.08	0.74	(0.73)	1.42	(1.55)	4.25
DIVN	0.48	0.17	0.24	0.39	0.00	(0.62)	1.33	(0.90)	2.69
DJAN	0.21	0.01	(0.11)	0.09	0.25	(0.21)	0.46	(0.51)	1.61
MDLV	0.42	0.13	0.14	0.35	0.26	(0.49)	1.03	(1.00)	2.64
DJUL	0.20	0.01	(0.15)	0.09	0.18	(0.22)	0.43	(0.50)	1.57

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