Mfs Municipal Correlations

MTLCX Fund

USD 7.98 0.02 0.25%

The correlation of Mfs Municipal 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Municipal Limited. 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 main economic indicators.

Moving together with Mfs Mutual Fund

0.65	LFTFX	Mfs Lifetime 2065	Pair Corr
0.64	LFTJX	Mfs Lifetime 2065	Pair Corr
0.64	LFTGX	Mfs Lifetime 2065	Pair Corr
0.65	LFTHX	Mfs Lifetime 2065	Pair Corr
0.65	LFTMX	Mfs Lifetime 2065	Pair Corr
0.64	LFTKX	Mfs Lifetime 2065	Pair Corr
0.71	HYPPX	Mfs High Yield	Pair Corr
0.62	UIVIX	Mfs Intrinsic Value	Pair Corr
0.61	UIVCX	Mfs Intrinsic Value	Pair Corr
0.61	UIVPX	Mfs Intrinsic Value	Pair Corr
0.62	UIVQX	Mfs Intrinsic Value	Pair Corr
0.61	UIVNX	Mfs Intrinsic Value	Pair Corr
0.61	UIVMX	Mfs Intrinsic Value	Pair Corr
0.67	UIVVX	Mfs Intrinsic Value	Pair Corr
0.62	UIVRX	Mfs Intrinsic Value	Pair Corr

Related Correlations Analysis

	TSDCX	DULTX	FSHAX	AOUNX	FUEMX	BBSCX	VMSSX
TSDCX		0.95	0.88	0.99	0.96	0.94	0.92	TSDCX
DULTX	0.95		0.78	0.95	0.97	0.87	0.9	DULTX
FSHAX	0.88	0.78		0.87	0.87	0.92	0.91	FSHAX
AOUNX	0.99	0.95	0.87		0.95	0.95	0.91	AOUNX
FUEMX	0.96	0.97	0.87	0.95		0.91	0.95	FUEMX
BBSCX	0.94	0.87	0.92	0.95	0.91		0.93	BBSCX
VMSSX	0.92	0.9	0.91	0.91	0.95	0.93		VMSSX
	TSDCX	DULTX	FSHAX	AOUNX	FUEMX	BBSCX	VMSSX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Municipal 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 Municipal'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TSDCX	0.05	0.01	0.00	1.77	0.00	0.11	(0.11)	0.66
DULTX	0.04	0.01	0.00	(0.52)	0.00	0.10	0.00	0.71
FSHAX	0.05	0.00	(0.58)	0.15	(0.13)	0.10	(0.10)	0.51
AOUNX	0.05	0.01	(0.71)	2.01	(0.24)	0.10	(0.10)	0.62
FUEMX	0.05	0.00	0.00	0.00	0.00	0.30	(0.10)	0.50
BBSCX	0.06	0.00	(0.60)	0.19	(0.17)	0.24	(0.12)	0.48
VMSSX	0.07	0.01	(0.33)	(0.65)	(0.30)	0.22	(0.22)	0.89

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Mfs Municipal Correlations

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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