Mfs Inflation-adjust Correlations

MIAAX Fund

USD 9.02 0.02 0.22%

The correlation of Mfs Inflation-adjust 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 Inflation-adjust Correlation With Market

Very good diversification

The correlation between Mfs Inflation Adjusted Bond and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Inflation Adjusted Bond 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 Inflation Adjusted Bond. 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 nation.

Moving against MFS Mutual Fund

0.35	UIVCX	Mfs Intrinsic Value	Pair Corr
0.35	UIVPX	Mfs Intrinsic Value	Pair Corr
0.35	UIVQX	Mfs Intrinsic Value	Pair Corr
0.35	UIVNX	Mfs Intrinsic Value	Pair Corr
0.35	UIVMX	Mfs Intrinsic Value	Pair Corr
0.35	UIVRX	Mfs Intrinsic Value	Pair Corr
0.32	UIVVX	Mfs Intrinsic Value	Pair Corr
0.55	OTCGX	Mfs Mid Cap	Pair Corr
0.54	OTCHX	Mfs Mid Cap	Pair Corr
0.53	OTCIX	Mfs Mid Cap	Pair Corr
0.53	OTCJX	Mfs Mid Cap	Pair Corr
0.53	OTCKX	Mfs Mid Cap	Pair Corr
0.49	OTCAX	Mfs Mid Cap	Pair Corr
0.55	OTCCX	Mfs Mid Cap	Pair Corr
0.51	OTCBX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	GCFSX	SBFAX	ICFAX	PFSQX	BTO	RYFIX	MCBXX
GCFSX		0.94	0.91	0.92	0.95	0.9	0.0	GCFSX
SBFAX	0.94		0.86	0.93	0.87	0.88	0.0	SBFAX
ICFAX	0.91	0.86		0.84	0.88	0.91	0.0	ICFAX
PFSQX	0.92	0.93	0.84		0.84	0.91	0.0	PFSQX
BTO	0.95	0.87	0.88	0.84		0.83	0.0	BTO
RYFIX	0.9	0.88	0.91	0.91	0.83		0.0	RYFIX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	GCFSX	SBFAX	ICFAX	PFSQX	BTO	RYFIX	MCBXX

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

BTO	+ 0.95	GCFSX
SBFAX	+ 0.94	GCFSX
PFSQX	+ 0.93	SBFAX
PFSQX	+ 0.92	GCFSX
ICFAX	+ 0.91	GCFSX
RYFIX	+ 0.91	ICFAX

High negative correlations

MCBXX	- 0.0	RYFIX
MCBXX	- 0.0	BTO
MCBXX	- 0.0	PFSQX
MCBXX	- 0.0	ICFAX
MCBXX	- 0.0	SBFAX
MCBXX	- 0.0	GCFSX

Risk-Adjusted Indicators

There is a big difference between MFS Mutual Fund performing well and Mfs Inflation-adjust 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 Inflation-adjust'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
GCFSX	0.49	0.16	0.19	0.28	0.41	(0.59)	1.15	(1.03)	3.77
SBFAX	0.93	0.31	0.36	0.55	0.25	(1.18)	1.70	(1.43)	18.47
ICFAX	0.86	0.23	0.32	0.26	0.29	(1.20)	1.66	(0.98)	14.63
PFSQX	0.89	0.17	0.17	0.18	0.73	(1.01)	1.93	(1.75)	12.00
BTO	0.87	0.20	0.19	0.23	0.75	(0.98)	2.95	(1.55)	5.37
RYFIX	0.61	0.00	(0.01)	0.04	0.79	(0.64)	1.23	(1.40)	4.22
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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