Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCBX Fund  USD 17.39  0.15  0.87%   
The current 90-days correlation between Mfs Mid Cap and Mfs Intrinsic Value is 0.21 (i.e., Modest 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

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.78 (i.e., Poor 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 Your Equity Center 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.74LFTFX Mfs Lifetime 2065PairCorr
  0.74LFTJX Mfs Lifetime 2065PairCorr
  0.74LFTGX Mfs Lifetime 2065PairCorr
  0.74LFTHX Mfs Lifetime 2065PairCorr
  0.74LFTMX Mfs Lifetime 2065PairCorr
  0.74LFTNX Mfs Lifetime 2065PairCorr
  0.74LFTKX Mfs Lifetime 2065PairCorr
  0.74LFTLX Mfs Lifetime 2065PairCorr
  0.73HYPPX Mfs High YieldPairCorr
  0.79UIVIX Mfs Intrinsic ValuePairCorr
  0.86UIVCX Mfs Intrinsic ValuePairCorr
  0.86UIVPX Mfs Intrinsic ValuePairCorr
  0.86UIVQX Mfs Intrinsic ValuePairCorr
  0.86UIVNX Mfs Intrinsic ValuePairCorr
  0.86UIVMX Mfs Intrinsic ValuePairCorr
  0.86UIVVX Mfs Intrinsic ValuePairCorr
  0.85UIVRX Mfs Intrinsic ValuePairCorr
  1.0OTCHX Mfs Mid CapPairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  1.0OTCJX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  0.72MKVCX Mfs International LargePairCorr
  0.72MKVBX Mfs International LargePairCorr
  1.0OTCGX Mfs Mid CapPairCorr
  0.72MKVGX Mfs International LargePairCorr
  0.72MKVFX Mfs International LargePairCorr
  0.72MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.72MKVHX Mfs Series TrustPairCorr
  1.0OTCAX Mfs Mid CapPairCorr
  1.0OTCCX Mfs Mid CapPairCorr

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
LFTFX  0.53  0.08  0.08  0.17  0.46 
(0.61)
 1.18 
(1.14)
 4.33 
LFTJX  0.54  0.07  0.08  0.16  0.48 
(0.61)
 1.18 
(1.21)
 4.22 
LFTGX  0.53  0.07  0.08  0.16  0.46 
(0.58)
 1.09 
(1.14)
 4.35 
LFTHX  0.54  0.08  0.08  0.17  0.46 
(0.62)
 1.09 
(1.15)
 4.31 
LFTMX  0.54  0.08  0.08  0.17  0.47 
(0.60)
 1.18 
(1.15)
 4.31 
LFTNX  0.54  0.08  0.08  0.17  0.47 
(0.62)
 1.18 
(1.15)
 4.31 
LFTKX  0.54  0.08  0.08  0.17  0.45 
(0.60)
 1.09 
(1.15)
 4.31 
LFTLX  0.54  0.08  0.08  0.17  0.46 
(0.60)
 1.09 
(1.14)
 4.23 
HYPPX  0.12  0.02 (0.23) 0.26  0.00 
(0.21)
 0.24 
(0.12)
 1.08 
UIVIX  0.67 (0.01)(0.01) 0.05  0.79 
(0.72)
 1.49 
(1.39)
 3.77 

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