Mfs High Correlations

Mutual Funds . USA . 
Fund . Mfs High Income
MHIIX Fund  USD 3.14  0.00  0.00%   
The current 90-days correlation between Mfs High Income and Mfs Intrinsic Value is 0.15 (i.e., Average diversification). The correlation of Mfs High 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 High Correlation With Market

Almost no diversification

The correlation between Mfs High Income and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs High 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 High 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 gross domestic product.

Moving together with MFS Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.91LFTJX Mfs Lifetime 2065PairCorr
  0.91LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTMX Mfs Lifetime 2065PairCorr
  0.92LFTNX Mfs Lifetime 2065PairCorr
  0.92LFTKX Mfs Lifetime 2065PairCorr
  0.91LFTLX Mfs Lifetime 2065PairCorr
  0.98HYPPX Mfs High YieldPairCorr
  0.86UIVIX Mfs Intrinsic ValuePairCorr
  0.86UIVCX Mfs Intrinsic ValuePairCorr
  0.86UIVPX Mfs Intrinsic ValuePairCorr
  0.86UIVQX Mfs Intrinsic ValuePairCorr
  0.86UIVNX Mfs Intrinsic ValuePairCorr
  0.86UIVMX Mfs Intrinsic ValuePairCorr
  0.87UIVVX Mfs Intrinsic ValuePairCorr
  0.86UIVRX Mfs Intrinsic ValuePairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.94MKVHX Mfs Series TrustPairCorr
  0.8BRKBX Mfs Blended ResearchPairCorr
  0.83BRKCX Mfs Blended ResearchPairCorr
  0.83BRKAX Mfs Blended ResearchPairCorr
  0.86EMLBX Mfs Emerging MarketsPairCorr
  0.86EMLAX Mfs Emerging MarketsPairCorr
  0.83BRKUX Mfs Blended ResearchPairCorr
  0.83BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between MFS Mutual Fund performing well and Mfs High 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 High'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
LFTFX  0.53  0.11  0.10  1.95  0.46 
(0.61)
 1.18 
(1.14)
 4.33 
LFTJX  0.54  0.11  0.10  2.38  0.48 
(0.61)
 1.18 
(1.21)
 4.22 
LFTGX  0.53  0.11  0.10  1.84  0.46 
(0.58)
 1.09 
(1.14)
 4.35 
LFTHX  0.54  0.12  0.10  2.14  0.46 
(0.62)
 1.09 
(1.15)
 4.31 
LFTMX  0.54  0.12  0.10  1.98  0.47 
(0.60)
 1.18 
(1.15)
 4.31 
LFTNX  0.54  0.08  0.10  0.16  0.47 
(0.62)
 1.18 
(1.15)
 4.31 
LFTKX  0.53  0.08  0.09  0.15  0.45 
(0.60)
 1.09 
(1.15)
 4.31 
LFTLX  0.54  0.11  0.10  2.47  0.46 
(0.60)
 1.09 
(1.14)
 4.23 
HYPPX  0.12  0.02 (0.12) 4.72  0.00 
(0.21)
 0.24 
(0.12)
 1.08 
UIVIX  0.67  0.05  0.00 (0.49) 0.79 
(0.72)
 1.49 
(1.39)
 3.77 

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