Mfs Mid Correlations

MVCKX Fund

USD 32.78 0.74 2.31%

The current 90-days correlation between Mfs Mid Cap and Aig Government Money is -0.02 (i.e., Good diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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	JVMAX	John Hancock Disciplined	Pair Corr
0.93	JVMIX	John Hancock Disciplined	Pair Corr
0.61	VMVIX	Vanguard Mid Cap	Pair Corr
0.94	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVPX	Jpmorgan Mid Cap	Pair Corr
0.88	VETAX	Victory Sycamore Est	Pair Corr
0.7	HD	Home Depot	Pair Corr

Moving against Mfs Mutual Fund

0.93	UIPIX	Ultrashort Mid Cap	Pair Corr
0.58	FTCAX	Templeton Strained Bond	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.39	GPICX	Guidepath Conservative	Pair Corr
0.39	MRK	Merck Company Aggressive Push	Pair Corr
0.37	DD	Dupont De Nemours	Pair Corr
0.37	IBM	International Business	Pair Corr
0.37	KO	Coca Cola Aggressive Push	Pair Corr
0.33	XOM	Exxon Mobil Corp	Pair Corr
0.32	INTC	Intel Aggressive Push	Pair Corr

Related Correlations Analysis

	SMAAX	JGBZX	MXDQX	FCSCX	FISAX	RGVEX	PYUSX
SMAAX		0.88	0.91	0.77	0.79	0.86	0.85	SMAAX
JGBZX	0.88		0.99	0.67	0.72	0.98	0.89	JGBZX
MXDQX	0.91	0.99		0.7	0.75	0.97	0.9	MXDQX
FCSCX	0.77	0.67	0.7		0.97	0.74	0.9	FCSCX
FISAX	0.79	0.72	0.75	0.97		0.79	0.92	FISAX
RGVEX	0.86	0.98	0.97	0.74	0.79		0.94	RGVEX
PYUSX	0.85	0.89	0.9	0.9	0.92	0.94		PYUSX
	SMAAX	JGBZX	MXDQX	FCSCX	FISAX	RGVEX	PYUSX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Mid 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 Mid'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
SMAAX	0.09	0.02	0.03	(15.89)	0.00	(0.15)	0.20	(0.10)	0.59
JGBZX	0.16	0.02	0.01	(2.51)	0.01	(0.20)	0.31	(0.31)	1.02
MXDQX	0.16	0.03	0.05	(1.35)	0.00	(0.21)	0.36	(0.24)	0.95
FCSCX	0.05	0.01	0.00	(0.50)	0.00	0.00	0.13	(0.13)	0.53
FISAX	0.06	0.01	(0.07)	2.05	0.00	(0.24)	0.13	(0.13)	0.67
RGVEX	0.16	0.02	0.00	(1.27)	0.00	(0.19)	0.33	(0.25)	0.91
PYUSX	0.09	0.01	(0.07)	(1.45)	0.00	(0.16)	0.21	(0.11)	0.53

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