Mfs Global Correlations

DVRAX Fund

USD 14.17 0.04 0.28%

The current 90-days correlation between Mfs Global Alternative and Artisan Global Equity is 0.63 (i.e., Poor diversification). The correlation of Mfs Global 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 Global Correlation With Market

Poor diversification

The correlation between Mfs Global Alternative and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Alternative and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Global Alternative. 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 nation.

Moving together with Mfs Mutual Fund

0.9	LFTFX	Mfs Lifetime 2065	Pair Corr
0.9	LFTJX	Mfs Lifetime 2065	Pair Corr
0.9	LFTGX	Mfs Lifetime 2065	Pair Corr
0.9	LFTHX	Mfs Lifetime 2065 Potential Growth	Pair Corr
0.9	LFTMX	Mfs Lifetime 2065 Potential Growth	Pair Corr
0.9	LFTNX	Mfs Lifetime 2065 Potential Growth	Pair Corr
0.9	LFTKX	Mfs Lifetime 2065	Pair Corr
0.9	LFTLX	Mfs Lifetime 2065	Pair Corr
0.8	HYPPX	Mfs High Yield	Pair Corr
0.8	UIVIX	Mfs Intrinsic Value	Pair Corr
0.79	UIVCX	Mfs Intrinsic Value	Pair Corr
0.8	UIVPX	Mfs Intrinsic Value	Pair Corr
0.8	UIVQX	Mfs Intrinsic Value	Pair Corr
0.8	UIVNX	Mfs Intrinsic Value	Pair Corr
0.78	UIVMX	Mfs Intrinsic Value	Pair Corr
0.8	UIVVX	Mfs Intrinsic Value	Pair Corr
0.8	UIVRX	Mfs Intrinsic Value	Pair Corr
0.78	MKVCX	Mfs International Large	Pair Corr
0.78	MKVBX	Mfs International Large	Pair Corr
0.78	MKVGX	Mfs International Large	Pair Corr
0.78	MKVFX	Mfs International Large	Pair Corr
0.78	MKVEX	Mfs International Large	Pair Corr
0.78	MKVDX	Mfs International Large	Pair Corr
0.78	MKVIX	Mfs International Large	Pair Corr
0.78	MKVHX	Mfs Series Trust	Pair Corr
0.76	BRKBX	Mfs Blended Research	Pair Corr
0.75	BRKCX	Mfs Blended Research	Pair Corr
0.75	BRKAX	Mfs Blended Research	Pair Corr
0.83	EMLBX	Mfs Emerging Markets	Pair Corr
0.83	EMLAX	Mfs Emerging Markets	Pair Corr
0.75	BRKUX	Mfs Blended Research	Pair Corr
0.75	BRKVX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	ARTHX	PROVX	APFDX	MENYX	SGAPX	THPGX	RMCFX	FLDOX	SILVX	MFM
ARTHX		0.76	0.75	-0.03	0.12	0.86	0.65	0.84	0.7	0.75	ARTHX
PROVX	0.76		0.77	-0.16	-0.07	0.86	0.65	0.84	0.74	0.77	PROVX
APFDX	0.75	0.77		0.19	0.3	0.83	0.81	0.86	0.74	0.77	APFDX
MENYX	-0.03	-0.16	0.19		0.52	0.03	0.31	-0.04	0.19	-0.09	MENYX
SGAPX	0.12	-0.07	0.3	0.52		0.14	0.39	0.12	-0.01	-0.03	SGAPX
THPGX	0.86	0.86	0.83	0.03	0.14		0.82	0.98	0.83	0.91	THPGX
RMCFX	0.65	0.65	0.81	0.31	0.39	0.82		0.81	0.56	0.77	RMCFX
FLDOX	0.84	0.84	0.86	-0.04	0.12	0.98	0.81		0.81	0.94	FLDOX
SILVX	0.7	0.74	0.74	0.19	-0.01	0.83	0.56	0.81		0.76	SILVX
MFM	0.75	0.77	0.77	-0.09	-0.03	0.91	0.77	0.94	0.76		MFM
	ARTHX	PROVX	APFDX	MENYX	SGAPX	THPGX	RMCFX	FLDOX	SILVX	MFM

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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

FLDOX	+ 0.98	THPGX
MFM	+ 0.94	FLDOX
MFM	+ 0.91	THPGX
THPGX	+ 0.86	ARTHX
THPGX	+ 0.86	PROVX
FLDOX	+ 0.86	APFDX

High negative correlations

MENYX	- 0.16	PROVX
MFM	- 0.09	MENYX
SGAPX	- 0.07	PROVX
FLDOX	- 0.04	MENYX
MFM	- 0.03	SGAPX
MENYX	- 0.03	ARTHX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Global 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 Global'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
ARTHX	0.58	(0.01)	(0.04)	0.06	0.74	(0.63)	1.37	(1.06)	5.33
PROVX	0.51	0.02	0.00	0.09	0.48	(0.57)	1.17	(0.85)	3.53
APFDX	0.66	(0.03)	(0.04)	0.03	0.83	(0.70)	1.33	(1.18)	4.21
MENYX	0.40	(0.04)	(0.10)	(0.01)	0.59	(0.43)	1.07	(0.63)	3.38
SGAPX	0.57	(0.11)	0.00	(0.05)	0.00	0.00	1.06	(1.55)	4.18
THPGX	0.55	0.02	0.02	0.08	0.65	(0.58)	1.36	(0.98)	4.73
RMCFX	1.10	(0.08)	(0.02)	0.02	1.34	(1.26)	2.69	(2.56)	8.22
FLDOX	0.30	0.00	(0.07)	0.07	0.33	(0.32)	0.69	(0.53)	2.33
SILVX	0.35	0.01	(0.04)	0.08	0.46	(0.37)	0.87	(0.97)	2.55
MFM	0.52	0.08	0.04	0.44	0.43	(0.66)	1.40	(0.75)	3.40

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