Mfs Research Correlations
| MSRRX Fund | USD 58.41 0.12 0.21% |
The current 90-days correlation between Mfs Research and Siit High Yield is 0.4 (i.e., Very weak diversification). The correlation of Mfs Research 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 Research Correlation With Market
Poor diversification
The correlation between Mfs Research Fund and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Research Fund and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving together with Mfs Mutual Fund
| 0.68 | IBM | International Business | PairCorr |
| 0.66 | CAT | Caterpillar | PairCorr |
| 0.63 | JPM | JPMorgan Chase | PairCorr |
| 0.64 | CVX | Chevron Corp | PairCorr |
Moving against Mfs Mutual Fund
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Research 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 Research'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGYAX | 0.17 | 0.04 | (0.68) | 0.50 | 0.00 | 0.59 | 0.99 | |||
| MRHYX | 0.15 | 0.08 | (0.74) | (3.80) | 0.00 | 0.37 | 1.10 | |||
| VRHYX | 0.19 | 0.10 | (0.44) | (1.20) | 0.00 | 0.55 | 1.07 | |||
| MWHIX | 0.13 | 0.03 | (0.83) | 0.49 | 0.00 | 0.55 | 1.00 | |||
| NEAIX | 1.03 | 0.27 | 0.25 | 0.45 | 0.57 | 3.02 | 6.61 | |||
| PARKX | 0.40 | 0.05 | (0.05) | 0.29 | 0.15 | 1.26 | 2.94 | |||
| PHDTX | 0.12 | 0.08 | (0.68) | (1.81) | 0.00 | 0.34 | 0.92 | |||
| AGTFX | 0.52 | 0.09 | 0.06 | 0.32 | 0.19 | 1.65 | 3.77 |