Mfs Prudent Correlations
| FPPUX Fund | USD 12.25 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 |
Related Correlations Analysis
| 0.98 | 0.86 | 0.95 | 0.98 | 0.84 | MBSAX | ||
| 0.98 | 0.91 | 0.95 | 0.97 | 0.87 | TTRBX | ||
| 0.86 | 0.91 | 0.82 | 0.86 | 0.93 | PRVBX | ||
| 0.95 | 0.95 | 0.82 | 0.95 | 0.8 | BBINX | ||
| 0.98 | 0.97 | 0.86 | 0.95 | 0.82 | SGYAX | ||
| 0.84 | 0.87 | 0.93 | 0.8 | 0.82 | ANBIX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MBSAX | 0.25 | 0.04 | (0.16) | 0.32 | 0.08 | 0.52 | 1.62 | |||
| TTRBX | 0.16 | 0.03 | (0.50) | 0.74 | 0.00 | 0.40 | 0.82 | |||
| PRVBX | 0.09 | 0.02 | (0.72) | 0.83 | 0.00 | 0.20 | 0.63 | |||
| BBINX | 0.11 | 0.01 | (0.65) | 0.85 | 0.00 | 0.30 | 0.70 | |||
| SGYAX | 0.17 | 0.06 | (0.30) | 0.56 | 0.00 | 0.59 | 0.99 | |||
| ANBIX | 0.14 | 0.03 | (0.39) | (6.72) | 0.00 | 0.29 | 0.97 |