Mfs Variable Correlations

SCREX Fund

USD 35.73 0.11 0.31%

The current 90-days correlation between Mfs Variable Insurance and Columbia Convertible Securities is 0.11 (i.e., Average diversification). The correlation of Mfs Variable 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 Variable Correlation With Market

Weak diversification

The correlation between Mfs Variable Insurance and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Variable Insurance and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Mfs Variable Insurance. 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 income.

Moving together with Mfs Mutual Fund

0.84	HR	Healthcare Realty Trust	Pair Corr
0.82	KW	Kennedy Wilson Holdings	Pair Corr
0.82	UE	Urban Edge Properties	Pair Corr
0.72	WY	Weyerhaeuser	Pair Corr
0.61	ADC-PA	Agree Realty	Pair Corr
0.83	DOUG	Douglas Elliman	Pair Corr
0.79	VICI	VICI Properties	Pair Corr
0.71	ELME	Elme Communities	Pair Corr
0.83	EPRT	Essential Properties	Pair Corr
0.65	WELL	Welltower	Pair Corr
0.63	ESBA	Empire State Realty	Pair Corr
0.75	ESRT	Empire State Realty	Pair Corr
0.85	EXPI	eXp World Holdings	Pair Corr

Moving against Mfs Mutual Fund

0.33	DX	Dynex Capital	Pair Corr
0.46	MITT-PC	AG Mortgage Investment	Pair Corr
0.44	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	NCIDX	VAADX	PCNTX	XAVKX	FSAWX
NCIDX		0.99	0.95	0.81	0.66	NCIDX
VAADX	0.99		0.95	0.81	0.65	VAADX
PCNTX	0.95	0.95		0.84	0.45	PCNTX
XAVKX	0.81	0.81	0.84		0.31	XAVKX
FSAWX	0.66	0.65	0.45	0.31		FSAWX
	NCIDX	VAADX	PCNTX	XAVKX	FSAWX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Variable 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 Variable'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
NCIDX	0.48	0.07	0.01	2.27	0.55	(0.54)	1.03	(0.84)	3.30
VAADX	0.60	0.10	0.04	2.61	0.66	(0.70)	1.19	(0.97)	4.02
PCNTX	0.51	0.06	(0.01)	1.70	0.56	(0.60)	1.05	(0.92)	3.52
XAVKX	0.47	0.03	(0.04)	0.38	0.62	(0.47)	0.90	(0.95)	3.14
FSAWX	0.07	0.03	(0.36)	4.78	0.00	(0.13)	0.19	(0.10)	0.38

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