Mfs Low Correlations

Mutual Funds . USA . 
Fund . Mfs Low Volatility
MLVMX Fund  USD 18.08  0.07  0.39%   
The current 90-days correlation between Mfs Low Volatility and Mfs Intrinsic Value is 0.3 (i.e., Weak 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

Very poor diversification

The correlation between Mfs Low Volatility and DJI is 0.86 (i.e., Very 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 industry.

Moving together with Mfs Mutual Fund

  0.84LFTFX Mfs Lifetime 2065PairCorr
  0.85LFTJX Mfs Lifetime 2065PairCorr
  0.85LFTGX Mfs Lifetime 2065PairCorr
  0.85LFTHX Mfs Lifetime 2065PairCorr
  0.85LFTMX Mfs Lifetime 2065PairCorr
  0.85LFTNX Mfs Lifetime 2065PairCorr
  0.85LFTKX Mfs Lifetime 2065PairCorr
  0.85LFTLX Mfs Lifetime 2065PairCorr
  0.83HYPPX Mfs High YieldPairCorr
  0.85UIVIX Mfs Intrinsic ValuePairCorr
  0.93UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.93UIVNX Mfs Intrinsic ValuePairCorr
  0.93UIVMX Mfs Intrinsic ValuePairCorr
  0.93UIVVX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.93OTCHX Mfs Mid CapPairCorr
  0.92OTCIX Mfs Mid CapPairCorr
  0.92OTCJX Mfs Mid CapPairCorr
  0.92OTCKX Mfs Mid CapPairCorr
  0.87MKVCX Mfs International LargePairCorr
  0.87MKVBX Mfs International LargePairCorr
  0.93OTCGX Mfs Mid CapPairCorr
  0.88MKVGX Mfs International LargePairCorr
  0.87MKVFX Mfs International LargePairCorr
  0.87MKVEX Mfs International LargePairCorr
  0.87MKVDX Mfs International LargePairCorr
  0.88MKVIX Mfs International LargePairCorr
  0.87MKVHX Mfs Series TrustPairCorr
  0.61BRKBX Mfs Blended ResearchPairCorr
  0.63BRKCX Mfs Blended ResearchPairCorr
  0.61BRKAX Mfs Blended ResearchPairCorr
  0.96OTCAX Mfs Mid CapPairCorr
  0.93OTCBX Mfs Mid CapPairCorr
  0.93OTCCX Mfs Mid CapPairCorr
  0.79EMLBX Mfs Emerging MarketsPairCorr
  0.79EMLAX Mfs Emerging MarketsPairCorr
  0.64BRKUX Mfs Blended ResearchPairCorr
  0.64BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LFTFX  0.51  0.09  0.07  0.66  0.45 
(0.56)
 1.06 
(1.13)
 4.33 
LFTJX  0.50  0.07  0.07  0.15  0.45 
(0.56)
 1.16 
(1.14)
 4.22 
LFTGX  0.50  0.07  0.07  0.16  0.43 
(0.53)
 0.99 
(1.08)
 4.35 
LFTHX  0.51  0.07  0.08  0.16  0.43 
(0.57)
 1.06 
(1.13)
 4.31 
LFTMX  0.50  0.07  0.08  0.16  0.44 
(0.55)
 1.06 
(1.13)
 4.31 
LFTNX  0.51  0.07  0.08  0.16  0.45 
(0.57)
 1.15 
(1.07)
 4.31 
LFTKX  0.51  0.07  0.08  0.16  0.43 
(0.55)
 1.09 
(1.14)
 4.25 
LFTLX  0.51  0.07  0.08  0.16  0.43 
(0.55)
 1.06 
(1.13)
 4.23 
HYPPX  0.14  0.02 (0.21) 0.74  0.00 
(0.21)
 0.36 
(0.24)
 1.07 
UIVIX  0.62  0.03  0.03  0.09  0.67 
(0.67)
 1.48 
(1.33)
 3.29 

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