MFS Active Correlations

MFSM Etf

25.03 0.05 0.20%

The current 90-days correlation between MFS Active Intermediate and SSGA Active Trust is 0.17 (i.e., Average 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

Significant diversification

The correlation between MFS Active Intermediate and DJI is 0.01 (i.e., Significant 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.

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 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 real.

Moving together with MFS Etf

0.98	MUB	iShares National Muni	Pair Corr
0.98	VTEB	Vanguard Tax Exempt	Pair Corr
0.98	FMB	First Trust Managed	Pair Corr
0.97	ITM	VanEck Intermediate Muni	Pair Corr
0.97	DFNM	Dimensional ETF Trust	Pair Corr
0.94	MMIT	IQ MacKay Municipal	Pair Corr
0.97	HMOP	Hartford Municipal	Pair Corr
0.99	TAXF	American Century Div	Pair Corr
0.99	JMUB	JPMorgan Municipal	Pair Corr
0.9	MUST	Columbia Multi Sector	Pair Corr
0.66	CPST	Calamos ETF Trust	Pair Corr
0.82	MYCI	SPDR SSGA My2029	Pair Corr
0.75	ZJAN	Innovator Equity Defined	Pair Corr
0.68	FTBI	First Trust Exchange	Pair Corr
0.7	PHT	PHT	Pair Corr
0.75	SLX	VanEck Steel ETF	Pair Corr
0.71	CPSU	Calamos SP 500	Pair Corr
0.66	APRT	AllianzIM Large Cap	Pair Corr
0.63	AJUL	Innovator Equity Defined	Pair Corr
0.64	BAB	Invesco Taxable Municipal	Pair Corr
0.7	MYCL	SPDR SSGA My2032	Pair Corr
0.72	ECOW	Pacer Emerging Markets	Pair Corr
0.64	FROG	Jfrog	Pair Corr
0.72	PBJA	PGIM Rock ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.67	0.51	-0.59	0.48	-0.51	0.22	-0.18	-0.51	-0.59	META
MSFT	0.67		0.84	-0.52	0.38	-0.17	0.03	-0.35	-0.78	-0.61	MSFT
UBER	0.51	0.84		-0.6	0.56	-0.17	-0.21	-0.36	-0.85	-0.62	UBER
F	-0.59	-0.52	-0.6		-0.68	0.44	0.33	0.47	0.67	0.75	F
T	0.48	0.38	0.56	-0.68		-0.38	-0.55	-0.3	-0.49	-0.49	T
A	-0.51	-0.17	-0.17	0.44	-0.38		-0.23	-0.28	0.33	0.15	A
CRM	0.22	0.03	-0.21	0.33	-0.55	-0.23		0.44	0.15	0.24	CRM
JPM	-0.18	-0.35	-0.36	0.47	-0.3	-0.28	0.44		0.42	0.47	JPM
MRK	-0.51	-0.78	-0.85	0.67	-0.49	0.33	0.15	0.42		0.68	MRK
XOM	-0.59	-0.61	-0.62	0.75	-0.49	0.15	0.24	0.47	0.68		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

UBER	+ 0.84	MSFT
XOM	+ 0.75	F
XOM	+ 0.68	MRK
MSFT	+ 0.67	META
MRK	+ 0.67	F
T	+ 0.56	UBER

High negative correlations

MRK	- 0.85	UBER
MRK	- 0.78	MSFT
T	- 0.68	F
XOM	- 0.62	UBER
XOM	- 0.61	MSFT
F	- 0.6	UBER

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	1.37	(0.25)	0.00	(0.19)	0.00	0.00	2.30	(2.72)	13.52
MSFT	0.89	(0.11)	0.00	(0.10)	0.00	0.00	1.78	(2.50)	5.08
UBER	1.47	(0.34)	0.00	(0.25)	0.00	0.00	2.60	(3.82)	10.51
F	1.51	0.13	0.08	0.16	1.68	(1.65)	3.38	(2.63)	16.30
T	0.96	(0.21)	0.00	(0.71)	0.00	0.00	1.61	(2.18)	5.75
A	1.20	0.11	0.09	0.18	1.20	(1.33)	2.34	(2.21)	11.03
CRM	1.51	0.09	0.04	0.16	1.93	(1.48)	3.66	(2.92)	9.91
JPM	1.07	(0.04)	(0.01)	0.04	1.41	(1.10)	2.00	(1.91)	7.02
MRK	1.41	0.44	0.32	0.61	0.96	(1.80)	4.85	(1.98)	11.45
XOM	0.94	0.06	0.00	0.31	0.98	(1.02)	1.96	(1.51)	4.99

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