Mfs Moderate Correlations

MMACX Fund

USD 19.84 0.24 1.22%

The current 90-days correlation between Mfs Moderate Allocation and Select Fund Investor is 0.35 (i.e., Weak diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Almost no diversification

The correlation between Mfs Moderate Allocation and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation 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 Moderate Allocation. 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 private.

Moving together with Mfs Mutual Fund

0.94	LFTFX	Mfs Lifetime 2065	Pair Corr
0.97	LFTJX	Mfs Lifetime 2065	Pair Corr
0.97	LFTHX	Mfs Lifetime 2065	Pair Corr
0.97	LFTMX	Mfs Lifetime 2065	Pair Corr
0.97	LFTNX	Mfs Lifetime 2065	Pair Corr
0.97	LFTKX	Mfs Lifetime 2065	Pair Corr
0.97	LFTLX	Mfs Lifetime 2065	Pair Corr
0.94	HYPPX	Mfs High Yield	Pair Corr
0.92	UIVQX	Mfs Intrinsic Value	Pair Corr
0.91	UIVRX	Mfs Intrinsic Value	Pair Corr
0.79	OTCHX	Mfs Mid Cap	Pair Corr
0.8	OTCIX	Mfs Mid Cap	Pair Corr
0.8	OTCJX	Mfs Mid Cap	Pair Corr
0.8	OTCKX	Mfs Mid Cap	Pair Corr
0.92	MKVCX	Mfs International Large	Pair Corr
0.94	MKVGX	Mfs International Large	Pair Corr
0.94	MKVEX	Mfs International Large	Pair Corr
0.94	MKVIX	Mfs International Large	Pair Corr
0.82	BRKBX	Mfs Blended Research	Pair Corr
0.86	BRKCX	Mfs Blended Research	Pair Corr
0.87	EMLBX	Mfs Emerging Markets	Pair Corr
0.89	EMLAX	Mfs Emerging Markets	Pair Corr
0.86	BRKUX	Mfs Blended Research	Pair Corr
0.86	BRKRX	Mfs Blended Research	Pair Corr
0.86	BRKTX	Mfs Blended Research	Pair Corr
0.89	EMLNX	Mfs Emerging Markets	Pair Corr
0.92	DIFIX	Mfs Diversified Income	Pair Corr
0.89	EMLMX	Mfs Emerging Markets	Pair Corr
0.89	EMLLX	Mfs Emerging Markets	Pair Corr
0.92	DIFGX	Mfs Diversified Income	Pair Corr
0.89	EMLJX	Mfs Emerging Markets	Pair Corr
0.92	DIFFX	Mfs Diversified Income	Pair Corr
0.89	EMLIX	Mfs Emerging Markets	Pair Corr
0.89	EMLCX	Mfs Emerging Markets	Pair Corr
0.91	BRSTX	Mfs Blended Research	Pair Corr
0.91	BRSHX	Mfs Blended Research	Pair Corr
0.9	BRSBX	Mfs Blended Research	Pair Corr
0.91	BRSYX	Mfs Blended Research	Pair Corr
0.96	BRUJX	Mfs Blended Research	Pair Corr
0.96	BRUGX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	MAGWX	TLQIX	GAB	PNOYX	PGGFX	PRRAX	HHHSX	TWCIX
MAGWX		0.92	0.73	0.24	0.95	0.21	0.91	0.8	MAGWX
TLQIX	0.92		0.82	0.26	0.94	0.09	0.89	0.9	TLQIX
GAB	0.73	0.82		0.49	0.77	-0.09	0.59	0.83	GAB
PNOYX	0.24	0.26	0.49		0.37	-0.23	-0.01	0.37	PNOYX
PGGFX	0.95	0.94	0.77	0.37		0.16	0.91	0.82	PGGFX
PRRAX	0.21	0.09	-0.09	-0.23	0.16		0.27	-0.11	PRRAX
HHHSX	0.91	0.89	0.59	-0.01	0.91	0.27		0.69	HHHSX
TWCIX	0.8	0.9	0.83	0.37	0.82	-0.11	0.69		TWCIX
	MAGWX	TLQIX	GAB	PNOYX	PGGFX	PRRAX	HHHSX	TWCIX

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

PGGFX	+ 0.95	MAGWX
PGGFX	+ 0.94	TLQIX
TLQIX	+ 0.92	MAGWX
HHHSX	+ 0.91	MAGWX
HHHSX	+ 0.91	PGGFX
TWCIX	+ 0.9	TLQIX

High negative correlations

PRRAX	- 0.23	PNOYX
TWCIX	- 0.11	PRRAX
PRRAX	- 0.09	GAB
HHHSX	- 0.01	PNOYX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Moderate 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 Moderate'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
MAGWX	0.41	0.03	(0.08)	2.62	0.50	(0.42)	0.78	(0.92)	2.15
TLQIX	0.34	0.05	0.00	0.19	0.20	(0.41)	0.69	(0.59)	4.36
GAB	0.65	0.04	(0.01)	0.17	0.59	(0.79)	1.55	(1.13)	3.62
PNOYX	0.57	(0.09)	0.00	(0.04)	0.00	0.00	1.23	(1.20)	3.84
PGGFX	0.66	(0.01)	(0.03)	0.06	0.81	(0.67)	1.28	(1.48)	3.59
PRRAX	0.54	0.02	(0.08)	(0.23)	0.71	(0.53)	1.16	(1.23)	3.16
HHHSX	0.74	0.10	0.08	0.22	0.68	(0.79)	1.65	(1.41)	4.57
TWCIX	0.94	0.04	0.01	0.15	1.05	(1.01)	1.83	(1.79)	14.35

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