Mfs Mid Correlations

OTCIX Fund

USD 27.65 0.07 0.25%

The current 90-days correlation between Mfs Mid Cap and Us Targeted Value 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

Good diversification

The correlation between Mfs Mid Cap and DJI is -0.2 (i.e., Good 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 gross domestic product.

Moving together with Mfs Mutual Fund

0.84	OTCHX	Mfs Mid Cap	Pair Corr
1.0	OTCJX	Mfs Mid Cap	Pair Corr
1.0	OTCKX	Mfs Mid Cap	Pair Corr
1.0	OTCGX	Mfs Mid Cap	Pair Corr
1.0	OTCAX	Mfs Mid Cap	Pair Corr
1.0	OTCBX	Mfs Mid Cap	Pair Corr
1.0	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.37	HYPPX	Mfs High Yield	Pair Corr
0.32	LFTFX	Mfs Lifetime 2065	Pair Corr
0.49	MKVBX	Mfs International Large	Pair Corr
0.47	BRKCX	Mfs Blended Research	Pair Corr
0.45	MKVCX	Mfs International Large	Pair Corr
0.45	MKVGX	Mfs International Large	Pair Corr
0.45	MKVFX	Mfs International Large	Pair Corr
0.45	MKVEX	Mfs International Large	Pair Corr
0.45	MKVDX	Mfs International Large	Pair Corr
0.45	MKVIX	Mfs International Large	Pair Corr
0.45	MKVHX	Mfs Series Trust	Pair Corr
0.43	BRKBX	Mfs Blended Research	Pair Corr
0.43	BRKAX	Mfs Blended Research	Pair Corr
0.59	DIFIX	Mfs Diversified Income	Pair Corr
0.59	DIFHX	Mfs Diversified Income	Pair Corr
0.59	DIFGX	Mfs Diversified Income	Pair Corr
0.54	EMLAX	Mfs Emerging Markets	Pair Corr
0.51	EMLBX	Mfs Emerging Markets	Pair Corr
0.51	EMLNX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	TWCGX	TEPLX	LZOEX	RLEMX	MRSKX	DFSVX	DFISX	DFSTX	DISVX	DFFVX
TWCGX		-0.45	-0.81	-0.81	-0.78	-0.85	-0.78	-0.77	-0.8	-0.84	TWCGX
TEPLX	-0.45		0.84	0.84	0.87	0.79	0.88	0.85	0.85	0.8	TEPLX
LZOEX	-0.81	0.84		1.0	0.96	0.95	0.98	0.94	0.97	0.95	LZOEX
RLEMX	-0.81	0.84	1.0		0.96	0.95	0.98	0.94	0.97	0.95	RLEMX
MRSKX	-0.78	0.87	0.96	0.96		0.94	0.98	0.94	0.99	0.95	MRSKX
DFSVX	-0.85	0.79	0.95	0.95	0.94		0.94	0.98	0.95	1.0	DFSVX
DFISX	-0.78	0.88	0.98	0.98	0.98	0.94		0.94	0.99	0.95	DFISX
DFSTX	-0.77	0.85	0.94	0.94	0.94	0.98	0.94		0.94	0.98	DFSTX
DISVX	-0.8	0.85	0.97	0.97	0.99	0.95	0.99	0.94		0.95	DISVX
DFFVX	-0.84	0.8	0.95	0.95	0.95	1.0	0.95	0.98	0.95		DFFVX
	TWCGX	TEPLX	LZOEX	RLEMX	MRSKX	DFSVX	DFISX	DFSTX	DISVX	DFFVX

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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

RLEMX	+ 1.0	LZOEX
DFFVX	+ 1.0	DFSVX
DISVX	+ 0.99	MRSKX
DISVX	+ 0.99	DFISX
DFISX	+ 0.98	LZOEX
DFISX	+ 0.98	RLEMX

High negative correlations

DFSVX	- 0.85	TWCGX
DFFVX	- 0.84	TWCGX
RLEMX	- 0.81	TWCGX
LZOEX	- 0.81	TWCGX
DISVX	- 0.8	TWCGX
DFISX	- 0.78	TWCGX

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
TWCGX	0.72	(0.11)	0.00	(0.11)	0.00	0.00	1.28	(1.86)	4.29
TEPLX	0.59	0.00	(0.01)	0.03	0.86	(0.56)	1.08	(1.45)	4.56
LZOEX	0.59	0.16	0.14	0.32	0.68	(0.65)	1.32	(1.09)	5.08
RLEMX	0.59	0.16	0.14	0.32	0.68	(0.67)	1.33	(1.09)	5.11
MRSKX	0.55	0.15	0.13	0.34	0.74	(0.62)	1.50	(0.94)	6.66
DFSVX	0.77	0.12	0.14	0.14	0.69	(0.86)	1.85	(1.40)	5.68
DFISX	0.56	0.13	0.11	0.25	0.78	(0.57)	1.43	(1.24)	5.04
DFSTX	0.71	0.07	0.09	0.10	0.74	(0.79)	1.63	(1.39)	5.00
DISVX	0.66	0.23	0.21	0.37	0.68	(0.76)	1.62	(1.31)	8.32
DFFVX	0.72	0.11	0.13	0.14	0.63	(0.80)	1.82	(1.35)	5.26

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