MFS Active Correlations

MFSM Etf

24.72 0.03 0.12%

The current 90-days correlation between MFS Active Intermediate and SSGA Active Trust is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Active Intermediate moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MFS Active Correlation With Market

Good diversification

The correlation between MFS Active Intermediate and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Active Intermediate 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 Active Intermediate. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with MFS Etf

0.7	BND	Vanguard Total Bond	Pair Corr
0.74	FXY	Invesco CurrencyShares	Pair Corr
0.68	PMBS	PIMCO Mortgage Backed	Pair Corr
0.69	XLV	Health Care Select	Pair Corr
0.61	VRP	Invesco Variable Rate	Pair Corr
0.62	BSCS	Invesco BulletShares 2028	Pair Corr
0.63	SDFI	AB Active ETFs,	Pair Corr
0.78	TLT	iShares 20 Year Aggressive Push	Pair Corr
0.62	EVSD	Eaton Vance Short	Pair Corr
0.66	ACWV	iShares MSCI Global	Pair Corr

Moving against MFS Etf

0.45	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.39	RSPG	Invesco SP 500	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.41	0.44	-0.53	-0.09	0.61	0.64	0.9	-0.31	-0.31	META
MSFT	0.41		-0.37	-0.15	-0.81	0.9	0.91	0.54	0.45	-0.49	MSFT
UBER	0.44	-0.37		-0.2	0.68	-0.28	-0.31	0.37	-0.72	0.4	UBER
F	-0.53	-0.15	-0.2		0.2	-0.25	-0.31	-0.38	0.29	0.55	F
T	-0.09	-0.81	0.68	0.2		-0.74	-0.74	-0.15	-0.65	0.63	T
A	0.61	0.9	-0.28	-0.25	-0.74		0.93	0.7	0.36	-0.51	A
CRM	0.64	0.91	-0.31	-0.31	-0.74	0.93		0.68	0.32	-0.57	CRM
JPM	0.9	0.54	0.37	-0.38	-0.15	0.7	0.68		-0.29	-0.16	JPM
MRK	-0.31	0.45	-0.72	0.29	-0.65	0.36	0.32	-0.29		-0.3	MRK
XOM	-0.31	-0.49	0.4	0.55	0.63	-0.51	-0.57	-0.16	-0.3		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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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

CRM	+ 0.93	A
CRM	+ 0.91	MSFT
JPM	+ 0.9	META
A	+ 0.9	MSFT
JPM	+ 0.7	A
T	+ 0.68	UBER

High negative correlations

T	- 0.81	MSFT
CRM	- 0.74	T
A	- 0.74	T
MRK	- 0.72	UBER
MRK	- 0.65	T
XOM	- 0.57	CRM

MFS Active Competition 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
META	1.85	0.00	0.00	(0.17)	0.00	0.00	2.96	(4.42)	13.19
MSFT	1.19	(0.12)	0.00	(0.33)	0.00	0.00	2.58	(3.02)	10.31
UBER	2.12	0.31	0.09	0.11	2.90	(2.02)	4.72	(4.21)	14.79
F	1.60	0.16	0.07	0.02	2.48	(1.49)	2.80	(3.86)	11.82
T	1.12	0.37	0.20	0.45	1.98	(1.21)	1.99	(1.75)	11.66
A	1.34	(0.21)	0.00	(0.35)	0.00	0.00	2.92	(3.79)	9.03
CRM	1.55	(0.29)	0.00	(0.41)	0.00	0.00	2.72	(4.51)	9.97
JPM	1.34	0.06	0.00	(0.12)	0.00	0.00	2.16	(4.15)	10.19
MRK	1.32	(0.23)	0.00	(1.34)	0.00	0.00	2.07	(2.94)	11.58
XOM	1.22	0.14	0.07	0.00	2.13	(1.12)	2.55	(3.01)	8.23

Trending Assets

IVV

iShares Core SP

507.61 -32.46 -6.01

BND

Vanguard Total Bond

73.82 0.06 0.08

Vanguard Mid Cap

234.28 -14.9 -5.98

VTV

Vanguard Value Index

156.94 -9.9 -5.93

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