Mfs High Correlations

MHIIX Fund

USD 3.14 0.00 0.00%

The current 90-days correlation between Mfs High Income and Federated Government Income is 0.14 (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

Significant diversification

The correlation between Mfs High Income 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 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

0.96	HYPPX	Mfs High Yield	Pair Corr
0.71	UIVIX	Mfs Intrinsic Value	Pair Corr
0.62	OTCHX	Mfs Mid Cap	Pair Corr
0.62	OTCIX	Mfs Mid Cap	Pair Corr
0.65	OTCJX	Mfs Mid Cap	Pair Corr
0.65	OTCKX	Mfs Mid Cap	Pair Corr
0.67	OTCGX	Mfs Mid Cap	Pair Corr
0.61	OTCAX	Mfs Mid Cap	Pair Corr
0.63	OTCBX	Mfs Mid Cap	Pair Corr
0.63	OTCCX	Mfs Mid Cap	Pair Corr
0.76	EMLBX	Mfs Emerging Markets	Pair Corr
0.76	EMLAX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	FICMX	CGTFX	UGSDX	SSAGX	RGVEX	RFBAX
FICMX		0.88	0.49	0.61	0.89	0.59	FICMX
CGTFX	0.88		0.53	0.64	0.99	0.67	CGTFX
UGSDX	0.49	0.53		0.9	0.53	0.81	UGSDX
SSAGX	0.61	0.64	0.9		0.65	0.87	SSAGX
RGVEX	0.89	0.99	0.53	0.65		0.66	RGVEX
RFBAX	0.59	0.67	0.81	0.87	0.66		RFBAX
	FICMX	CGTFX	UGSDX	SSAGX	RGVEX	RFBAX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FICMX	0.17	0.02	(0.17)	0.38	0.10	(0.22)	0.33	(0.33)	1.10
CGTFX	0.14	0.01	(0.24)	0.26	0.05	(0.17)	0.33	(0.25)	0.91
UGSDX	0.03	0.01	0.00	(0.67)	0.00	0.00	0.00	0.00	0.52
SSAGX	0.05	0.01	0.00	(3.71)	0.00	0.00	0.10	(0.10)	0.51
RGVEX	0.14	0.01	(0.27)	0.19	0.05	(0.17)	0.33	(0.25)	0.91
RFBAX	0.07	0.00	(0.28)	(0.13)	0.00	(0.21)	0.19	(0.19)	0.58

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Mfs High Correlations

Mfs High Correlation With Market

Significant diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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