Mfs Mid Correlations

OTCCX Fund

USD 24.31 0.12 0.50%

The current 90-days correlation between Mfs Mid Cap and Nuveen All American Municipal is 0.14 (i.e., Average 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

Significant diversification

The correlation between Mfs Mid Cap and DJI is 0.08 (i.e., Significant 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 main economic indicators.

Moving together with Mfs Mutual Fund

0.88	LFTFX	Mfs Lifetime 2065	Pair Corr
0.88	LFTHX	Mfs Lifetime 2065	Pair Corr
0.84	LFTNX	Mfs Lifetime 2065	Pair Corr
0.84	LFTLX	Mfs Lifetime 2065	Pair Corr
0.67	HYPPX	Mfs High Yield	Pair Corr
0.9	UIVCX	Mfs Intrinsic Value	Pair Corr
0.9	UIVPX	Mfs Intrinsic Value	Pair Corr
0.9	UIVQX	Mfs Intrinsic Value	Pair Corr
0.96	OTCIX	Mfs Mid Cap	Pair Corr
0.96	OTCJX	Mfs Mid Cap	Pair Corr
0.96	OTCKX	Mfs Mid Cap	Pair Corr
0.96	OTCAX	Mfs Mid Cap	Pair Corr
0.84	BRSUX	Mfs Blended Research	Pair Corr
0.84	BRSSX	Mfs Blended Research	Pair Corr
0.84	BRSJX	Mfs Blended Research	Pair Corr
0.84	BRSDX	Mfs Blended Research	Pair Corr
0.84	BRSBX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.53	EMLNX	Mfs Emerging Markets	Pair Corr
0.48	EMLAX	Mfs Emerging Markets	Pair Corr
0.48	EMLMX	Mfs Emerging Markets	Pair Corr
0.42	MKVGX	Mfs International Large	Pair Corr
0.42	MKVHX	Mfs Series Trust	Pair Corr
0.31	DIFEX	Mfs Diversified Income	Pair Corr
0.5	EMLCX	Mfs Emerging Markets	Pair Corr
0.34	DIFDX	Mfs Diversified Income	Pair Corr
0.33	DIFCX	Mfs Diversified Income	Pair Corr

Related Correlations Analysis

	FACCX	FHYVX	PMUYX	ICAXX	TFBIX	BIDPX	MBSAX
FACCX		0.69	0.84	0.0	0.87	0.82	0.68	FACCX
FHYVX	0.69		0.68	0.0	0.93	0.8	0.71	FHYVX
PMUYX	0.84	0.68		0.0	0.81	0.96	0.78	PMUYX
ICAXX	0.0	0.0	0.0		0.0	0.0	0.0	ICAXX
TFBIX	0.87	0.93	0.81	0.0		0.88	0.79	TFBIX
BIDPX	0.82	0.8	0.96	0.0	0.88		0.81	BIDPX
MBSAX	0.68	0.71	0.78	0.0	0.79	0.81		MBSAX
	FACCX	FHYVX	PMUYX	ICAXX	TFBIX	BIDPX	MBSAX

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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

BIDPX	+ 0.96	PMUYX
TFBIX	+ 0.93	FHYVX
BIDPX	+ 0.88	TFBIX
TFBIX	+ 0.87	FACCX
PMUYX	+ 0.84	FACCX
BIDPX	+ 0.82	FACCX

High negative correlations

MBSAX	- 0.0	ICAXX
BIDPX	- 0.0	ICAXX
TFBIX	- 0.0	ICAXX
ICAXX	- 0.0	PMUYX
ICAXX	- 0.0	FHYVX
ICAXX	- 0.0	FACCX

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
FACCX	0.15	0.01	(0.39)	0.07	0.22	(0.22)	0.39	(0.39)	1.48
FHYVX	0.17	0.03	(0.23)	(0.13)	0.21	(0.26)	0.44	(0.44)	1.88
PMUYX	0.10	(0.01)	(0.41)	(0.27)	0.18	(0.15)	0.25	(0.24)	1.07
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TFBIX	0.15	0.02	(0.29)	(0.05)	0.20	(0.24)	0.40	(0.39)	1.58
BIDPX	0.14	(0.01)	(0.33)	(0.03)	0.22	(0.18)	0.27	(0.45)	1.36
MBSAX	0.21	0.00	(0.34)	0.11	0.23	(0.23)	0.37	(0.44)	1.48

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