Mfs Prudent Correlations
| FPPUX Fund | USD 12.25 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.
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BXFIX | 0.10 | 0.04 | (0.66) | 1.18 | 0.00 | 0.48 | 0.71 | |||
| HLGZX | 0.56 | 0.20 | 0.09 | (3.43) | 0.29 | 1.86 | 3.55 | |||
| ZGFIX | 0.54 | 0.17 | 0.04 | (1.65) | 0.47 | 1.43 | 3.92 | |||
| DBIWX | 0.23 | 0.07 | (0.19) | (3.72) | 0.00 | 0.57 | 1.82 | |||
| SMYIX | 0.55 | 0.12 | 0.11 | 0.30 | 0.36 | 1.58 | 3.63 | |||
| ARTRX | 0.60 | 0.26 | 0.18 | (2.66) | 0.19 | 1.71 | 3.60 | |||
| GMADX | 0.50 | 0.12 | 0.09 | 0.33 | 0.30 | 1.41 | 3.02 |