MFS High Correlations
| CMU Stock | USD 3.40 0.01 0.29% |
The current 90-days correlation between MFS High Yield and MFS Investment Grade is 0.81 (i.e., Very poor diversification). The correlation of MFS High 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 High Correlation With Market
Average diversification
The correlation between MFS High Yield and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Yield and DJI in the same portfolio, assuming nothing else is changed.
Moving together with MFS Stock
| 0.66 | PWP | Perella Weinberg Partners | PairCorr |
| 0.64 | ORGN | Origin Materials | PairCorr |
| 0.73 | APAM | Artisan Partners Asset | PairCorr |
| 0.82 | DHIL | Diamond Hill Investment | PairCorr |
| 0.68 | AC | Associated Capital | PairCorr |
| 0.69 | BK | Bank of New York | PairCorr |
| 0.63 | BX | Blackstone Group | PairCorr |
| 0.65 | BY | Byline Bancorp | PairCorr |
| 0.7 | CG | Carlyle Group | PairCorr |
| 0.65 | LU | Lufax Holding | PairCorr |
| 0.61 | MC | Moelis | PairCorr |
| 0.62 | PB | Prosperity Bancshares | PairCorr |
Moving against MFS Stock
| 0.69 | BOWN | Bowen Acquisition Corp Downward Rally | PairCorr |
| 0.32 | DMYY | dMY Squared Technology | PairCorr |
| 0.47 | TECTP | Tectonic Financial | PairCorr |
| 0.34 | TD | Toronto Dominion Bank | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MFS Stock performing well and MFS High Company 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 High'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CXH | 0.45 | (0.08) | 0.00 | (1.51) | 0.00 | 0.62 | 3.19 | |||
| MFM | 0.61 | (0.06) | 0.00 | (0.58) | 0.00 | 1.01 | 4.90 | |||
| DTF | 0.26 | 0.00 | 0.29 | (0.11) | 0.35 | 0.54 | 1.70 | |||
| MGF | 0.55 | 0.03 | 0.21 | 0.84 | 0.58 | 1.29 | 3.24 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOT | 0.62 | 0.03 | 0.14 | 0.02 | 0.87 | 1.24 | 4.36 | |||
| NXC | 0.51 | 0.02 | 0.17 | 0.03 | 0.67 | 1.08 | 2.58 | |||
| FMN | 0.55 | (0.04) | 0.00 | (0.47) | 0.00 | 1.05 | 3.78 | |||
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MHN | 0.67 | (0.03) | 0.00 | (0.22) | 0.00 | 1.18 | 4.40 |
MFS High Corporate Management
| James Kilman | Independent Trustee | Profile | |
| Amanda Mooradian | Assistant Secretary, Assistant Clerk | Profile | |
| Susan Pereira | Assistant Secretary, Assistant Clerk | Profile | |
| Laurie Thomsen | Independent Trustee | Profile | |
| Robert Manning | Trustee | Profile | |
| Maryanne Roepke | Independent Trustee | Profile |