Mfs Prudent Correlations
| FPPJX Fund | USD 12.24 0.00 0.00% |
The correlation of Mfs Prudent 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 |
Moving together with Mfs Mutual Fund
| 1.0 | FPPQX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPRX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPSX | Mfs Prudent Investor | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Prudent 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 Prudent'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QSERX | 0.87 | 0.31 | 0.13 | (1.61) | 0.79 | 2.66 | 5.30 | |||
| UMBHX | 0.92 | 0.31 | 0.12 | (1.15) | 0.84 | 2.17 | 6.19 | |||
| RYSVX | 1.07 | 0.36 | 0.18 | (2.10) | 0.89 | 2.60 | 7.99 | |||
| NESGX | 1.30 | 0.29 | 0.23 | 0.35 | 0.91 | 3.07 | 9.09 | |||
| LMBMX | 0.82 | 0.13 | 0.12 | 0.26 | 0.78 | 2.41 | 5.59 | |||
| PSBMX | 0.81 | 0.13 | 0.12 | 0.26 | 0.72 | 2.25 | 6.01 | |||
| MMSCX | 0.83 | 0.27 | 0.10 | (1.41) | 0.82 | 2.19 | 6.61 |