Mfs Moderate Correlations

MMABX Fund

USD 20.19 0.10 0.49%

The current 90-days correlation between Mfs Moderate Allocation and Prudential Health Sciences is -0.14 (i.e., Good diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Good diversification

The correlation between Mfs Moderate Allocation and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate 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 Moderate Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mfs Mutual Fund

0.93	FBONX	American Funds American	Pair Corr
0.93	FBAFX	American Funds American	Pair Corr
0.93	ABALX	American Balanced	Pair Corr
0.93	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.93	RLBCX	American Balanced	Pair Corr
0.93	RLBBX	American Balanced	Pair Corr
0.93	CLBAX	American Balanced	Pair Corr
0.93	CLBEX	American Balanced	Pair Corr
0.93	RLBFX	American Balanced	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.71	SMPSX	Semiconductor Ultrasector	Pair Corr
0.74	EMO	Clearbridge Energy Mlp	Pair Corr
0.88	RSNYX	Victory Global Natural	Pair Corr
0.88	RSNRX	Victory Global Natural	Pair Corr
0.63	IBM	International Business	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.64	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.62	JPM	JPMorgan Chase Earnings Call Tomorrow	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr

Moving against Mfs Mutual Fund

0.65	MCD	McDonalds	Pair Corr
0.55	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PJHRX	LOGSX	HHCZX	ECHSX	DLRHX	VGHCX	GTHCX	SWHFX
PJHRX		0.71	0.63	0.92	0.92	0.93	0.9	0.82	PJHRX
LOGSX	0.71		0.82	0.66	0.74	0.64	0.83	0.41	LOGSX
HHCZX	0.63	0.82		0.43	0.57	0.4	0.59	0.19	HHCZX
ECHSX	0.92	0.66	0.43		0.92	0.97	0.91	0.91	ECHSX
DLRHX	0.92	0.74	0.57	0.92		0.93	0.9	0.79	DLRHX
VGHCX	0.93	0.64	0.4	0.97	0.93		0.91	0.92	VGHCX
GTHCX	0.9	0.83	0.59	0.91	0.9	0.91		0.78	GTHCX
SWHFX	0.82	0.41	0.19	0.91	0.79	0.92	0.78		SWHFX
	PJHRX	LOGSX	HHCZX	ECHSX	DLRHX	VGHCX	GTHCX	SWHFX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Moderate 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 Moderate'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
PJHRX	1.07	(0.04)	(0.07)	0.18	1.36	(1.06)	2.24	(2.25)	7.79
LOGSX	0.86	(0.10)	(0.16)	0.09	1.01	(0.94)	1.74	(1.92)	6.79
HHCZX	0.21	0.03	(0.62)	0.42	0.00	(0.27)	0.54	(0.36)	1.99
ECHSX	0.98	(0.11)	(0.13)	0.09	1.22	(1.05)	2.11	(2.24)	7.20
DLRHX	1.05	(0.07)	(0.09)	0.14	1.38	(1.13)	1.99	(2.28)	8.10
VGHCX	1.02	(0.09)	(0.12)	0.10	1.30	(1.06)	1.91	(2.38)	7.19
GTHCX	0.88	(0.10)	(0.13)	0.11	1.09	(0.84)	1.66	(1.91)	7.55
SWHFX	0.96	(0.12)	(0.15)	0.06	1.30	(0.95)	1.70	(2.42)	7.05

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