Mfs Technology Correlations

MTCLX Fund

USD 75.19 0.56 0.75%

The current 90-days correlation between Mfs Technology and BLOCK INC is 0.15 (i.e., Average diversification). The correlation of Mfs Technology 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 Technology Correlation With Market

Very weak diversification

The correlation between Mfs Technology Fund and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Technology Fund 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 Technology Fund. 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 bureau of economic analysis.

Moving together with Mfs Mutual Fund

0.67

ZPTA

Zapata Computing Holdings Symbol Change

Pair Corr

Moving against Mfs Mutual Fund

0.68	CETXP	Cemtrex Pref	Pair Corr
0.64	VEEA	Veea Inc Symbol Change	Pair Corr
0.5	EXOD	Exodus Movement, Trending	Pair Corr
0.4	WGNR	Wegener	Pair Corr
0.38	WEBB	Web Global Holdings	Pair Corr
0.34	VVPR	VivoPower International	Pair Corr
0.65	HPAIW	Helport AI Limited	Pair Corr
0.55	MARXR	Mars Acquisition Corp	Pair Corr
0.42	LTCH	Latch Inc	Pair Corr

Related Correlations Analysis

	SQ	VEEA	VVPR	EXOD	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX
SQ		0.12	0.83	0.41	0.32	0.31	0.27	0.3	0.32	0.33	SQ
VEEA	0.12		0.24	0.21	0.06	0.06	0.04	0.06	0.06	0.06	VEEA
VVPR	0.83	0.24		0.34	0.15	0.14	0.09	0.12	0.15	0.15	VVPR
EXOD	0.41	0.21	0.34		0.55	0.53	0.5	0.52	0.54	0.55	EXOD
FPPJX	0.32	0.06	0.15	0.55		1.0	1.0	1.0	1.0	1.0	FPPJX
FPPQX	0.31	0.06	0.14	0.53	1.0		1.0	1.0	1.0	1.0	FPPQX
FPPRX	0.27	0.04	0.09	0.5	1.0	1.0		1.0	1.0	1.0	FPPRX
FPPSX	0.3	0.06	0.12	0.52	1.0	1.0	1.0		1.0	1.0	FPPSX
FPPUX	0.32	0.06	0.15	0.54	1.0	1.0	1.0	1.0		1.0	FPPUX
FPPVX	0.33	0.06	0.15	0.55	1.0	1.0	1.0	1.0	1.0		FPPVX
	SQ	VEEA	VVPR	EXOD	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Technology 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 Technology'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
SQ	2.33	0.32	0.09	2.99	2.37	(2.65)	6.24	(4.16)	19.52
VEEA	4.50	(0.25)	0.00	0.24	0.00	0.00	9.31	(9.65)	32.82
VVPR	6.46	1.16	0.11	(1.51)	8.31	(7.95)	14.58	(10.30)	112.34
EXOD	8.45	2.86	0.28	(31.12)	7.61	(11.57)	23.25	(16.54)	56.37
FPPJX	0.30	0.03	(0.11)	0.42	0.30	(0.33)	0.59	(0.61)	1.62
FPPQX	0.30	0.03	(0.12)	0.39	0.32	(0.33)	0.60	(0.61)	1.63
FPPRX	0.30	0.03	(0.12)	0.36	0.33	(0.33)	0.53	(0.61)	1.71
FPPSX	0.30	0.03	(0.12)	0.37	0.35	(0.32)	0.60	(0.61)	1.63
FPPUX	0.30	0.03	(0.12)	0.45	0.33	(0.33)	0.52	(0.60)	1.71
FPPVX	0.29	0.03	(0.12)	0.46	0.32	(0.32)	0.52	(0.61)	1.70

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