Mfs Limited Correlations

MLMRX Fund

USD 5.92 0.01 0.17%

The current 90-days correlation between Mfs Limited Maturity and Guidepath Managed Futures is -0.11 (i.e., Good diversification). The correlation of Mfs Limited 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 Limited Correlation With Market

Poor diversification

The correlation between Mfs Limited Maturity and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Limited Maturity 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 Limited Maturity. 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 real.

Moving together with Mfs Mutual Fund

0.85	VBIRX	Vanguard Short Term	Pair Corr
0.98	VFSIX	Vanguard Short Term	Pair Corr
0.66	VFSTX	Vanguard Short Term	Pair Corr
0.95	VBITX	Vanguard Short Term	Pair Corr
0.95	VBISX	Vanguard Short Term	Pair Corr
0.71	VSCSX	Vanguard Short Term	Pair Corr
0.94	LDLAX	Lord Abbett Short	Pair Corr
0.95	LDLRX	Lord Abbett Short	Pair Corr
0.68	NHS	Neuberger Berman High	Pair Corr
0.63	GSSQX	Goldman Sachs Equity	Pair Corr
0.79	PBLCX	Blue Chip Fund	Pair Corr
0.66	GLRIX	James Balanced Golden	Pair Corr
0.85	GILCX	Guggenheim Large Cap	Pair Corr
0.62	BMBSX	Baird Quality Interm	Pair Corr
0.84	CFIPX	Qs Global Equity	Pair Corr
0.73	BA	Boeing	Pair Corr

Moving against Mfs Mutual Fund

0.37	HPQ	HP Inc	Pair Corr
0.44	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MXIHX	AMFAX	QCILIX	MFTFX	LFTAX	CSQIX	GPMFX
MXIHX		0.57	0.94	0.61	0.61	0.56	0.63	MXIHX
AMFAX	0.57		0.51	0.99	0.93	0.4	0.97	AMFAX
QCILIX	0.94	0.51		0.55	0.57	0.47	0.57	QCILIX
MFTFX	0.61	0.99	0.55		0.93	0.41	0.97	MFTFX
LFTAX	0.61	0.93	0.57	0.93		0.42	0.91	LFTAX
CSQIX	0.56	0.4	0.47	0.41	0.42		0.45	CSQIX
GPMFX	0.63	0.97	0.57	0.97	0.91	0.45		GPMFX
	MXIHX	AMFAX	QCILIX	MFTFX	LFTAX	CSQIX	GPMFX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Limited 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 Limited'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
MXIHX	0.11	(0.01)	(0.28)	(0.08)	0.11	(0.15)	0.22	(0.22)	0.65
AMFAX	0.64	0.12	0.09	0.88	0.64	(0.71)	1.21	(1.19)	3.65
QCILIX	0.09	(0.01)	(0.37)	(0.16)	0.12	(0.09)	0.21	(0.16)	0.46
MFTFX	1.04	0.20	0.13	0.64	1.04	(1.20)	2.06	(1.78)	5.99
LFTAX	0.41	0.16	0.23	4.01	0.00	(0.50)	1.01	(0.64)	1.98
CSQIX	0.37	0.02	(0.03)	0.11	0.38	(0.42)	0.87	(0.62)	2.24
GPMFX	0.63	0.08	0.07	0.17	0.74	(0.67)	1.23	(1.13)	3.35

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