Massachusetts Investors Correlations

Mutual Funds . USA . 
Fund . Massachusetts Investors Growth
MIGNX Fund  USD 49.01  0.15  0.31%   
The current 90-days correlation between Massachusetts Investors and Mfs Prudent Investor is 0.01 (i.e., Significant diversification). The correlation of Massachusetts Investors 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.

Massachusetts Investors Correlation With Market

Poor diversification

The correlation between Massachusetts Investors Growth and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Growth 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 Massachusetts Investors Growth. 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 board of governors.

Moving together with Massachusetts Mutual Fund

  0.89LFTFX Mfs Lifetime 2065PairCorr
  0.89LFTHX Mfs Lifetime 2065PairCorr
  0.96LFTNX Mfs Lifetime 2065PairCorr
  0.96LFTLX Mfs Lifetime 2065PairCorr
  0.62HYPPX Mfs High YieldPairCorr
  0.93UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.86OTCKX Mfs Mid CapPairCorr
  0.86OTCAX Mfs Mid CapPairCorr
  0.74BRSUX Mfs Blended ResearchPairCorr
  0.73BRSSX Mfs Blended ResearchPairCorr
  0.74BRSJX Mfs Blended ResearchPairCorr
  0.74BRSDX Mfs Blended ResearchPairCorr
  0.73BRSBX Mfs Blended ResearchPairCorr

Moving against Massachusetts Mutual Fund

  0.33EMLNX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Massachusetts Mutual Fund performing well and Massachusetts Investors 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 Massachusetts Investors' 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  0.29  0.00 (0.27) 0.10  0.35 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.29  0.00 (0.28)(0.21) 0.35 
(0.33)
 0.59 
(0.67)
 1.74 
FPPRX  0.29 (0.01)(0.30)(0.35) 0.36 
(0.32)
 0.59 
(0.76)
 1.85 
FPPSX  0.29  0.00 (0.29) 0.00  0.36 
(0.32)
 0.59 
(0.67)
 1.83 
FPPUX  0.29  0.00 (0.30)(0.40) 0.34 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.28  0.00 (0.29) 0.19  0.33 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47  0.06 (0.09) 8.69  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47  0.05 (0.09) 3.04  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46  0.05 (0.09) 2.61  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTHX  0.48  0.00 (0.09) 0.00  0.53 
(0.55)
 0.87 
(0.95)
 3.22 

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