Mfs Conservative Correlations

MACIX Fund

USD 17.73 0.06 0.34%

The current 90-days correlation between Mfs Servative Allocation and Qs Large Cap is 0.83 (i.e., Very poor diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Mfs Servative Allocation and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Servative Allocation. 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

0.94	LFTFX	Mfs Lifetime 2065	Pair Corr
0.93	LFTJX	Mfs Lifetime 2065	Pair Corr
0.93	LFTGX	Mfs Lifetime 2065	Pair Corr
0.94	LFTHX	Mfs Lifetime 2065	Pair Corr
0.94	LFTMX	Mfs Lifetime 2065	Pair Corr
0.95	LFTNX	Mfs Lifetime 2065	Pair Corr
0.93	LFTKX	Mfs Lifetime 2065	Pair Corr
0.94	LFTLX	Mfs Lifetime 2065	Pair Corr
0.71	HYPPX	Mfs High Yield	Pair Corr
0.76	UIVIX	Mfs Intrinsic Value	Pair Corr
0.72	UIVCX	Mfs Intrinsic Value	Pair Corr
0.74	UIVPX	Mfs Intrinsic Value	Pair Corr
0.76	UIVQX	Mfs Intrinsic Value	Pair Corr
0.71	UIVMX	Mfs Intrinsic Value	Pair Corr
0.74	UIVVX	Mfs Intrinsic Value	Pair Corr
0.75	UIVRX	Mfs Intrinsic Value	Pair Corr
0.79	MKVCX	Mfs International Large	Pair Corr
0.79	MKVBX	Mfs International Large	Pair Corr
0.79	MKVGX	Mfs International Large	Pair Corr
0.78	MKVFX	Mfs International Large	Pair Corr
0.79	MKVEX	Mfs International Large	Pair Corr
0.79	MKVDX	Mfs International Large	Pair Corr
0.78	MKVIX	Mfs International Large	Pair Corr
0.78	MKVHX	Mfs Series Trust	Pair Corr
0.65	BRKBX	Mfs Blended Research	Pair Corr
0.77	BRKCX	Mfs Blended Research	Pair Corr
0.76	BRKAX	Mfs Blended Research	Pair Corr
0.76	BRKUX	Mfs Blended Research	Pair Corr
0.76	BRKVX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	LMUSX	FKHEMX	DIAYX	RETSX	RPBAX	FFCGX	AUUIX
LMUSX		0.94	0.88	0.95	0.95	0.93	0.98	LMUSX
FKHEMX	0.94		0.85	0.95	0.98	0.94	0.95	FKHEMX
DIAYX	0.88	0.85		0.79	0.87	0.77	0.9	DIAYX
RETSX	0.95	0.95	0.79		0.96	0.98	0.96	RETSX
RPBAX	0.95	0.98	0.87	0.96		0.97	0.95	RPBAX
FFCGX	0.93	0.94	0.77	0.98	0.97		0.91	FFCGX
AUUIX	0.98	0.95	0.9	0.96	0.95	0.91		AUUIX
	LMUSX	FKHEMX	DIAYX	RETSX	RPBAX	FFCGX	AUUIX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Conservative 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 Conservative'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
LMUSX	0.56	0.03	0.03	0.09	0.76	(0.52)	1.25	(1.38)	3.59
FKHEMX	0.61	0.04	0.04	0.10	0.76	(0.64)	1.40	(1.21)	3.75
DIAYX	0.29	0.03	(0.01)	0.12	0.23	(0.30)	0.65	(0.48)	1.85
RETSX	0.54	0.00	0.00	0.06	0.87	(0.49)	1.14	(1.18)	3.55
RPBAX	0.36	0.01	(0.02)	0.08	0.49	(0.34)	0.79	(0.74)	2.13
FFCGX	0.54	0.00	(0.01)	0.05	0.84	(0.49)	1.02	(1.31)	3.57
AUUIX	0.48	0.01	0.01	0.07	0.74	(0.46)	1.01	(0.87)	3.34

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Mfs Conservative Correlations

Mfs Conservative Correlation With Market

Very poor diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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