Mfs Prudent Correlations

FPPRX Fund

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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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Prudent Investor. 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

1.0	FPPJX	Mfs Prudent Investor	Pair Corr
1.0	FPPQX	Mfs Prudent Investor	Pair Corr
1.0	FPPSX	Mfs Prudent Investor	Pair Corr

Related Correlations Analysis

	LMUSX	FMFTX	RTIUX	FLKYPX	IAADX	WMCANX
LMUSX		0.98	0.97	0.96	0.94	0.99	LMUSX
FMFTX	0.98		0.98	0.94	0.94	0.99	FMFTX
RTIUX	0.97	0.98		0.94	0.95	0.98	RTIUX
FLKYPX	0.96	0.94	0.94		0.96	0.97	FLKYPX
IAADX	0.94	0.94	0.95	0.96		0.96	IAADX
WMCANX	0.99	0.99	0.98	0.97	0.96		WMCANX
	LMUSX	FMFTX	RTIUX	FLKYPX	IAADX	WMCANX

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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
LMUSX	0.88	0.42	0.06	(0.79)	0.75	(1.07)	2.23	(1.70)	12.78
FMFTX	0.86	0.38	0.03	(0.68)	0.65	(0.99)	1.82	(1.23)	11.37
RTIUX	0.56	0.35	0.10	(2.09)	0.00	(0.70)	1.63	(0.85)	5.77
FLKYPX	0.95	0.15	0.13	0.39	0.67	(1.15)	2.16	(1.94)	12.35
IAADX	0.20	0.10	(0.45)	61.67	0.00	(0.27)	0.55	(0.32)	1.63
WMCANX	0.64	0.35	0.03	(0.93)	0.37	(0.77)	1.61	(1.25)	8.60

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Mfs Prudent Correlations

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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