Mfs Low Correlations

MLVMX Fund

USD 18.49 0.17 0.91%

The current 90-days correlation between Mfs Low Volatility and Mfs Intrinsic Value is -0.13 (i.e., Good diversification). The correlation of Mfs Low 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 Low Correlation With Market

Poor diversification

The correlation between Mfs Low Volatility and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Low Volatility 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 Low Volatility. 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 state.

Moving together with Mfs Mutual Fund

0.86	LFTFX	Mfs Lifetime 2065	Pair Corr
0.82	LFTJX	Mfs Lifetime 2065	Pair Corr
0.82	LFTGX	Mfs Lifetime 2065	Pair Corr
0.82	LFTHX	Mfs Lifetime 2065	Pair Corr
0.82	LFTMX	Mfs Lifetime 2065	Pair Corr
0.83	LFTNX	Mfs Lifetime 2065	Pair Corr
0.82	LFTKX	Mfs Lifetime 2065	Pair Corr
0.82	LFTLX	Mfs Lifetime 2065	Pair Corr
0.74	HYPPX	Mfs High Yield	Pair Corr
0.85	MKVCX	Mfs International Large	Pair Corr
0.89	MKVBX	Mfs International Large	Pair Corr
0.85	MKVGX	Mfs International Large	Pair Corr
0.85	MKVFX	Mfs International Large	Pair Corr
0.85	MKVEX	Mfs International Large	Pair Corr
0.85	MKVDX	Mfs International Large	Pair Corr
0.85	MKVIX	Mfs International Large	Pair Corr
0.85	MKVHX	Mfs Series Trust	Pair Corr
0.9	BRKBX	Mfs Blended Research	Pair Corr
0.93	BRKCX	Mfs Blended Research	Pair Corr
0.9	BRKAX	Mfs Blended Research	Pair Corr
0.85	EMLBX	Mfs Emerging Markets	Pair Corr
0.88	EMLAX	Mfs Emerging Markets	Pair Corr
0.9	BRKUX	Mfs Blended Research	Pair Corr
0.9	BRKVX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.53	OTCGX	Mfs Mid Cap	Pair Corr
0.51	OTCAX	Mfs Mid Cap	Pair Corr
0.5	OTCIX	Mfs Mid Cap	Pair Corr
0.5	OTCJX	Mfs Mid Cap	Pair Corr
0.5	OTCKX	Mfs Mid Cap	Pair Corr
0.44	OTCHX	Mfs Mid Cap	Pair Corr
0.53	OTCBX	Mfs Mid Cap	Pair Corr
0.53	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	LFTFX	LFTJX	LFTGX	LFTHX	LFTMX	LFTNX	LFTKX	LFTLX	HYPPX	UIVIX
LFTFX		0.98	0.98	0.98	0.98	0.98	0.98	0.98	0.91	0.77	LFTFX
LFTJX	0.98		1.0	1.0	1.0	1.0	1.0	1.0	0.91	0.82	LFTJX
LFTGX	0.98	1.0		1.0	1.0	1.0	1.0	1.0	0.91	0.82	LFTGX
LFTHX	0.98	1.0	1.0		1.0	1.0	1.0	1.0	0.91	0.82	LFTHX
LFTMX	0.98	1.0	1.0	1.0		1.0	1.0	1.0	0.91	0.82	LFTMX
LFTNX	0.98	1.0	1.0	1.0	1.0		1.0	1.0	0.91	0.82	LFTNX
LFTKX	0.98	1.0	1.0	1.0	1.0	1.0		1.0	0.91	0.82	LFTKX
LFTLX	0.98	1.0	1.0	1.0	1.0	1.0	1.0		0.91	0.82	LFTLX
HYPPX	0.91	0.91	0.91	0.91	0.91	0.91	0.91	0.91		0.73	HYPPX
UIVIX	0.77	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.73		UIVIX
	LFTFX	LFTJX	LFTGX	LFTHX	LFTMX	LFTNX	LFTKX	LFTLX	HYPPX	UIVIX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Low 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 Low'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
LFTFX	0.51	0.12	0.11	(1.36)	0.46	(0.59)	1.04	(1.14)	4.33
LFTJX	0.50	0.08	0.09	0.15	0.48	(0.57)	0.95	(1.14)	4.72
LFTGX	0.50	0.08	0.10	0.15	0.47	(0.54)	0.99	(1.06)	4.85
LFTHX	0.51	0.08	0.10	0.15	0.48	(0.58)	0.98	(1.13)	4.89
LFTMX	0.51	0.08	0.10	0.15	0.48	(0.56)	1.04	(1.13)	4.89
LFTNX	0.50	0.08	0.10	0.15	0.47	(0.57)	0.89	(1.04)	4.80
LFTKX	0.50	0.08	0.10	0.15	0.46	(0.56)	0.95	(1.14)	4.83
LFTLX	0.50	0.08	0.10	0.15	0.48	(0.56)	0.95	(1.14)	4.81
HYPPX	0.12	0.01	(0.12)	(0.59)	0.00	(0.21)	0.24	(0.24)	1.08
UIVIX	0.64	0.01	0.01	0.04	0.76	(0.71)	1.26	(1.38)	3.77

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