Mfs Mid Correlations

MVCKX Fund

USD 33.99 0.22 0.65%

The current 90-days correlation between Mfs Mid Cap and Mfs International Growth is 0.59 (i.e., Very weak diversification). 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 0.45 (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 industry.

Moving together with Mfs Mutual Fund

0.77	LFTFX	Mfs Lifetime 2065	Pair Corr
0.9	LFTKX	Mfs Lifetime 2065	Pair Corr
0.68	BRKBX	Mfs Blended Research	Pair Corr
0.65	BRKCX	Mfs Blended Research	Pair Corr
0.65	BRKAX	Mfs Blended Research	Pair Corr
0.65	BRKUX	Mfs Blended Research	Pair Corr
0.65	BRKVX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	MVCAX	PRVIX	SFLNX	TLYIX	HILRX	HILDX	TLZIX	FZAHX	VSCGX	MQGIX
MVCAX		0.29	0.79	0.74	0.83	0.83	0.73	-0.24	0.77	0.76	MVCAX
PRVIX	0.29		0.41	0.49	0.45	0.45	0.51	0.2	0.38	0.5	PRVIX
SFLNX	0.79	0.41		0.95	0.96	0.96	0.94	-0.14	0.97	0.93	SFLNX
TLYIX	0.74	0.49	0.95		0.93	0.93	1.0	0.03	0.98	0.97	TLYIX
HILRX	0.83	0.45	0.96	0.93		1.0	0.93	-0.19	0.94	0.92	HILRX
HILDX	0.83	0.45	0.96	0.93	1.0		0.93	-0.19	0.94	0.93	HILDX
TLZIX	0.73	0.51	0.94	1.0	0.93	0.93		0.05	0.98	0.97	TLZIX
FZAHX	-0.24	0.2	-0.14	0.03	-0.19	-0.19	0.05		-0.07	0.0	FZAHX
VSCGX	0.77	0.38	0.97	0.98	0.94	0.94	0.98	-0.07		0.97	VSCGX
MQGIX	0.76	0.5	0.93	0.97	0.92	0.93	0.97	0.0	0.97		MQGIX
	MVCAX	PRVIX	SFLNX	TLYIX	HILRX	HILDX	TLZIX	FZAHX	VSCGX	MQGIX

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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

TLZIX	+ 1.0	TLYIX
HILDX	+ 1.0	HILRX
VSCGX	+ 0.98	TLYIX
VSCGX	+ 0.98	TLZIX
VSCGX	+ 0.97	SFLNX
MQGIX	+ 0.97	TLYIX

High negative correlations

FZAHX	- 0.24	MVCAX
FZAHX	- 0.19	HILDX
FZAHX	- 0.19	HILRX
FZAHX	- 0.14	SFLNX
VSCGX	- 0.07	FZAHX
MQGIX	- 0.0	FZAHX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MVCAX	0.63	0.21	0.25	3.84	0.31	(0.77)	2.01	(1.01)	4.00
PRVIX	1.19	0.47	0.50	0.40	0.23	(1.51)	2.67	(1.46)	14.46
SFLNX	0.53	0.17	0.24	0.31	0.29	(0.65)	1.38	(0.85)	3.20
TLYIX	0.36	0.10	0.18	0.31	0.13	(0.44)	0.80	(0.68)	2.68
HILRX	0.57	0.33	0.50	0.60	0.00	(0.77)	1.66	(0.65)	4.92
HILDX	0.58	0.33	0.52	0.60	0.00	(0.74)	1.66	(0.62)	4.99
TLZIX	0.42	0.12	0.19	0.31	0.22	(0.51)	0.91	(0.75)	3.29
FZAHX	0.86	(0.07)	0.00	20.00	0.00	0.00	1.66	(2.39)	5.36
VSCGX	0.23	0.06	0.11	0.30	0.00	(0.27)	0.56	(0.41)	1.47
MQGIX	0.52	0.12	0.17	0.32	0.39	(0.61)	1.19	(0.79)	2.98

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