Mfs High Correlations

Mutual Funds USA . 
Fund . Mfs High Income
MHIIX Fund  USD 3.11  0.01  0.32%   
The current 90-days correlation between Mfs High Income and Mfs Prudent Investor is 0.28 (i.e., Modest 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

Modest diversification

The correlation between Mfs High Income and DJI is 0.27 (i.e., Modest 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

  0.61LFTFX Mfs Lifetime 2065PairCorr
  0.61LFTJX Mfs Lifetime 2065PairCorr
  0.61LFTGX Mfs Lifetime 2065PairCorr
  0.61LFTHX Mfs Lifetime 2065PairCorr
  0.61LFTMX Mfs Lifetime 2065PairCorr
  0.61LFTNX Mfs Lifetime 2065PairCorr
  0.61LFTLX Mfs Lifetime 2065PairCorr
  0.88HYPPX Mfs High YieldPairCorr
  0.61UIVIX Mfs Intrinsic ValuePairCorr
  0.61UIVCX Mfs Intrinsic ValuePairCorr
  0.61UIVPX Mfs Intrinsic ValuePairCorr
  0.61UIVQX Mfs Intrinsic ValuePairCorr
  0.61UIVNX Mfs Intrinsic ValuePairCorr
  0.61UIVMX Mfs Intrinsic ValuePairCorr
  0.61UIVVX Mfs Intrinsic ValuePairCorr
  0.61UIVRX Mfs Intrinsic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
FPPJX  0.28 (0.02)(0.28) 0.02  0.35 
(0.30)
 0.51 
(0.67)
 1.82 
FPPQX  0.29 (0.02)(0.29) 0.01  0.36 
(0.31)
 0.58 
(0.67)
 1.74 
FPPRX  0.28 (0.03)(0.30) 0.00  0.36 
(0.30)
 0.52 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.32)(2.84) 0.37 
(0.30)
 0.58 
(0.67)
 1.83 
FPPUX  0.29 (0.02)(0.30) 0.02  0.35 
(0.32)
 0.58 
(0.75)
 1.82 
FPPVX  0.27 (0.02)(0.30) 0.02  0.34 
(0.29)
 0.50 
(0.66)
 1.82 
LFTFX  0.45 (0.02)(0.10) 0.09  0.52 
(0.52)
 0.87 
(0.86)
 2.82 
LFTJX  0.45 (0.03)(0.10) 0.09  0.53 
(0.52)
 0.87 
(0.87)
 2.93 
LFTGX  0.45 (0.03)(0.10) 0.09  0.52 
(0.51)
 0.87 
(0.87)
 2.84 
LFTHX  0.46 (0.02)(0.10) 0.09  0.53 
(0.53)
 0.86 
(0.95)
 2.80 

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