Mfs Core Correlations
| MRGAX Fund | USD 53.78 0.10 0.19% |
The current 90-days correlation between Mfs E Equity and Mfs Growth Fund is -0.1 (i.e., Good diversification). The correlation of Mfs Core 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 Core Correlation With Market
Poor diversification
The correlation between Mfs E Equity and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs E Equity and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving against Mfs Mutual Fund
Related Correlations Analysis
| 0.99 | 0.83 | 0.73 | 0.97 | MFEGX | ||
| 0.99 | 0.8 | 0.69 | 0.96 | OTCAX | ||
| 0.83 | 0.8 | 0.93 | 0.79 | MFBFX | ||
| 0.73 | 0.69 | 0.93 | 0.68 | MRBFX | ||
| 0.97 | 0.96 | 0.79 | 0.68 | MVCAX | ||
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Core 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 Core'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MFEGX | 0.76 | 0.36 | 0.14 | (1.96) | 0.32 | 2.39 | 4.92 | |||
| OTCAX | 0.73 | 0.29 | 0.03 | (1.10) | 0.69 | 2.05 | 4.74 | |||
| MFBFX | 0.24 | 0.00 | (0.52) | 0.00 | 0.18 | 0.50 | 1.30 | |||
| MRBFX | 0.24 | 0.02 | (0.61) | 1.37 | 0.18 | 0.43 | 1.18 | |||
| MVCAX | 0.74 | 0.25 | 0.00 | (1.10) | 0.64 | 1.89 | 5.42 |