Mfs Mid Correlations

OTCKX Fund

USD 32.21 0.33 1.04%

The current 90-days correlation between Mfs Mid Cap and T Rowe Price is -0.24 (i.e., Very 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

Good diversification

The correlation between Mfs Mid Cap and DJI is -0.02 (i.e., Good 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 Your Equity Center 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 signals in board of governors.

Moving together with Mfs Mutual Fund

0.93	OTCIX	Mfs Mid Cap	Pair Corr
1.0	OTCJX	Mfs Mid Cap	Pair Corr
1.0	OTCAX	Mfs Mid Cap	Pair Corr
1.0	OTCBX	Mfs Mid Cap	Pair Corr
0.93	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.46	EMLAX	Mfs Emerging Markets	Pair Corr
0.44	EMLBX	Mfs Emerging Markets	Pair Corr
0.37	BRKBX	Mfs Blended Research	Pair Corr
0.32	BRKCX	Mfs Blended Research	Pair Corr
0.48	EMLMX	Mfs Emerging Markets	Pair Corr
0.47	EMLNX	Mfs Emerging Markets	Pair Corr
0.47	EMLIX	Mfs Emerging Markets	Pair Corr
0.44	EMLJX	Mfs Emerging Markets	Pair Corr
0.44	EMLCX	Mfs Emerging Markets	Pair Corr
0.43	EMLKX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	PAMCX	RRMGX	TRQZX	RPMGX	PRJIX	PRNHX	TRUZX	PCBIX	PEMGX	PMBCX
PAMCX		0.7	0.68	0.69	0.16	0.38	0.14	0.56	0.56	0.56	PAMCX
RRMGX	0.7		1.0	1.0	0.38	0.22	0.36	0.64	0.64	0.64	RRMGX
TRQZX	0.68	1.0		1.0	0.44	0.28	0.43	0.58	0.58	0.57	TRQZX
RPMGX	0.69	1.0	1.0		0.4	0.25	0.39	0.62	0.62	0.61	RPMGX
PRJIX	0.16	0.38	0.44	0.4		0.84	1.0	-0.33	-0.33	-0.33	PRJIX
PRNHX	0.38	0.22	0.28	0.25	0.84		0.84	-0.34	-0.34	-0.35	PRNHX
TRUZX	0.14	0.36	0.43	0.39	1.0	0.84		-0.34	-0.35	-0.35	TRUZX
PCBIX	0.56	0.64	0.58	0.62	-0.33	-0.34	-0.34		1.0	1.0	PCBIX
PEMGX	0.56	0.64	0.58	0.62	-0.33	-0.34	-0.35	1.0		1.0	PEMGX
PMBCX	0.56	0.64	0.57	0.61	-0.33	-0.35	-0.35	1.0	1.0		PMBCX
	PAMCX	RRMGX	TRQZX	RPMGX	PRJIX	PRNHX	TRUZX	PCBIX	PEMGX	PMBCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TRQZX	+ 1.0	RRMGX
RPMGX	+ 1.0	RRMGX
RPMGX	+ 1.0	TRQZX
TRUZX	+ 1.0	PRJIX
PEMGX	+ 1.0	PCBIX
PMBCX	+ 1.0	PCBIX

High negative correlations

PMBCX	- 0.35	TRUZX
PEMGX	- 0.35	TRUZX
PMBCX	- 0.35	PRNHX
PCBIX	- 0.34	TRUZX
PEMGX	- 0.34	PRNHX
PCBIX	- 0.34	PRNHX

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
PAMCX	0.61	(0.06)	0.00	(0.05)	0.00	0.00	1.17	(1.34)	3.97
RRMGX	0.64	(0.02)	0.00	0.96	0.00	0.00	1.23	(1.34)	4.30
TRQZX	0.64	(0.01)	0.00	0.74	0.00	0.00	1.22	(1.34)	4.30
RPMGX	0.64	(0.02)	0.00	0.86	0.00	0.00	1.22	(1.34)	4.31
PRJIX	0.86	0.05	0.03	(0.91)	1.16	(0.87)	2.00	(2.01)	5.97
PRNHX	0.84	0.01	0.01	0.03	1.16	(0.84)	1.81	(2.02)	5.72
TRUZX	0.86	0.06	0.03	(0.93)	1.15	(0.87)	1.99	(2.01)	5.97
PCBIX	0.63	(0.09)	0.00	(1.61)	0.00	0.00	1.20	(1.51)	3.93
PEMGX	0.63	(0.09)	0.00	(1.48)	0.00	0.00	1.19	(1.54)	3.96
PMBCX	0.63	(0.09)	0.00	(1.65)	0.00	0.00	1.17	(1.52)	3.93

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