Mfs Servative Correlations
MACIX Fund | USD 17.33 0.03 0.17% |
The current 90-days correlation between Mfs Servative Allocation and Gmo Global Equity is 0.87 (i.e., Very poor diversification). The correlation of Mfs Servative 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
0.98 | LFTJX | Mfs Lifetime 2065 | PairCorr |
0.98 | LFTGX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTHX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTNX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTLX | Mfs Lifetime 2065 | PairCorr |
0.64 | HYPPX | Mfs High Yield | PairCorr |
0.97 | UIVIX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVCX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVPX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVNX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVMX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVVX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVRX | Mfs Intrinsic Value | PairCorr |
0.96 | OTCHX | Mfs Mid Cap | PairCorr |
0.96 | OTCIX | Mfs Mid Cap | PairCorr |
0.96 | OTCKX | Mfs Mid Cap | PairCorr |
0.95 | MKVCX | Mfs International Large | PairCorr |
0.95 | MKVBX | Mfs International Large | PairCorr |
0.96 | OTCGX | Mfs Mid Cap | PairCorr |
0.95 | MKVGX | Mfs International Large | PairCorr |
0.95 | MKVFX | Mfs International Large | PairCorr |
0.95 | MKVEX | Mfs International Large | PairCorr |
0.95 | MKVDX | Mfs International Large | PairCorr |
0.95 | MKVIX | Mfs International Large | PairCorr |
0.95 | MKVHX | Mfs Series Trust | PairCorr |
0.98 | BRKBX | Mfs Blended Research | PairCorr |
0.98 | BRKCX | Mfs Blended Research | PairCorr |
0.97 | OTCAX | Mfs Mid Cap | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Servative 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 Servative'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
GMADX | 0.49 | 0.25 | 0.06 | (3.89) | 0.08 | 1.62 | 3.02 | |||
DFVEX | 0.64 | 0.05 | 0.08 | 0.25 | 0.35 | 1.86 | 5.55 | |||
GRSPX | 0.64 | 0.27 | 0.09 | (4.97) | 0.17 | 1.83 | 4.37 | |||
EEIFX | 0.47 | 0.21 | 0.01 | (11.00) | 0.00 | 1.26 | 3.94 | |||
PMIEX | 0.49 | 0.23 | 0.05 | (9.31) | 0.00 | 1.40 | 3.22 | |||
SEHAX | 0.57 | 0.30 | 0.13 | (2.57) | 0.00 | 1.71 | 4.53 | |||
DODFX | 0.48 | 0.26 | 0.08 | (10.08) | 0.00 | 1.50 | 3.43 | |||
SNPTX | 0.51 | 0.11 | 0.13 | 0.33 | 0.00 | 1.61 | 4.47 |