Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
MVCKX Fund  USD 31.88  0.29  0.92%   
The current 90-days correlation between Mfs Mid Cap and Mfs Mid Cap is 1.0 (i.e., No risk reduction). The correlation of Mfs Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Mfs Mid Cap and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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 state.

Moving together with Mfs Mutual Fund

  0.77HYPPX Mfs High YieldPairCorr
  0.83UIVIX Mfs Intrinsic ValuePairCorr
  0.96OTCIX Mfs Mid CapPairCorr
  0.96OTCKX Mfs Mid CapPairCorr
  0.74EMLNX Mfs Emerging MarketsPairCorr
  0.77DIFIX Mfs Diversified IncomePairCorr
  0.77DIFGX Mfs Diversified IncomePairCorr
  0.74EMLIX Mfs Emerging MarketsPairCorr
  0.75DIFDX Mfs Diversified IncomePairCorr
  0.75DIFCX Mfs Diversified IncomePairCorr
  0.73EMLCX Mfs Emerging MarketsPairCorr
  0.98BRSYX Mfs Blended ResearchPairCorr
  0.9BRUNX Mfs Blended ResearchPairCorr
  0.85BRXIX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.35UIVRX Mfs Intrinsic ValuePairCorr
  0.33UIVVX Mfs Intrinsic ValuePairCorr
  0.32UIVNX Mfs Intrinsic ValuePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Mid 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 Mid'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
MVCAX  0.73  0.09  0.09  0.16  0.65 
(0.83)
 1.65 
(1.26)
 8.21 
PRVIX  0.95  0.14  0.15  0.14  0.80 
(1.06)
 1.78 
(1.82)
 13.89 
SFLNX  0.54  0.01  0.01  0.07  0.61 
(0.60)
 1.23 
(1.03)
 2.66 
TLYIX  0.39  0.01 (0.01) 0.08  0.49 
(0.38)
 0.80 
(0.81)
 2.11 
HILRX  0.61  0.05  0.05  0.12  0.76 
(0.64)
 1.25 
(1.26)
 6.40 
HILDX  0.62  0.05  0.04  0.11  0.81 
(0.64)
 1.27 
(1.29)
 6.84 
TLZIX  0.45  0.02  0.00  0.08  0.55 
(0.45)
 0.91 
(1.00)
 2.44 
FZAHX  0.94 (0.09) 0.00 (0.03) 0.00 
 0.00 
 1.72 
(2.40)
 6.20 
VSCGX  0.24  0.00 (0.10) 0.06  0.28 
(0.24)
 0.56 
(0.51)
 1.44 
MQGIX  0.60  0.05  0.04  0.13  0.60 
(0.67)
 1.08 
(1.05)
 3.90 

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