Mfs Series Correlations

Money Market Funds . USA . 
Fund . Mfs Series Trust
MSRXX Fund  USD 1.00  0.00  0.00%   
The current 90-days correlation between Mfs Series Trust and Vanguard Total Stock is -0.27 (i.e., Very good diversification). The correlation of Mfs Series 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 Series Correlation With Market

Significant diversification

The correlation between Mfs Series Trust and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Series Trust 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 Series Trust. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving against Mfs Money Market Fund

  0.58PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.55JNJ Johnson JohnsonPairCorr
  0.54MRK Merck Company Earnings Call This WeekPairCorr
  0.37VGTSX Vanguard Total InterPairCorr
  0.36VTIAX Vanguard Total InterPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Money Market Fund performing well and Mfs Series Money Market 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 Series' 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
VTSAX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.30 
(1.43)
 5.93 
VFIAX  0.61  0.03 (0.03) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.48 
VTSMX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.95 
VITSX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.30 
(1.43)
 5.95 
VSTSX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.94 
VSMPX  0.64  0.04 (0.02) 0.19  0.87 
(0.63)
 1.29 
(1.43)
 5.94 
VFINX  0.61  0.03 (0.03) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.48 
VFFSX  0.61  0.03 (0.02) 0.18  0.85 
(0.59)
 1.23 
(1.46)
 5.47 
VGTSX  0.53 (0.04)(0.13)(0.03) 0.74 
(0.53)
 1.13 
(1.31)
 3.44 
VTIAX  0.53 (0.04)(0.13)(0.03) 0.75 
(0.52)
 1.12 
(1.32)
 3.47 

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