Mfs Prudent Correlations
| FPPQX Fund | USD 12.24 0.00 0.00% |
The correlation of Mfs Prudent 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 |
Moving together with Mfs Mutual Fund
| 1.0 | FPPJX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPRX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPSX | Mfs Prudent Investor | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Prudent 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 Prudent'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WITAX | 0.17 | 0.00 | (0.31) | 0.11 | 0.33 | 0.32 | 1.67 | |||
| SNCAX | 0.17 | 0.00 | 0.00 | 0.22 | 0.00 | 0.22 | 2.01 | |||
| BBINX | 0.20 | 0.00 | (0.27) | 0.17 | 0.39 | 0.39 | 2.21 | |||
| BIDPX | 0.27 | (0.01) | 0.00 | 0.35 | 0.00 | 0.56 | 3.35 | |||
| INGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| MSTPX | 0.22 | (0.01) | 0.00 | 0.30 | 0.00 | 0.31 | 2.94 | |||
| FCSCX | 0.06 | 0.00 | (1.05) | (2.30) | 0.00 | 0.13 | 0.53 |