Mfs Conservative Correlations

MACNX Fund

USD 16.93 0.02 0.12%

The current 90-days correlation between Mfs Servative Allocation and Dunham Porategovernment Bond is 0.58 (i.e., Very weak diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Good diversification

The correlation between Mfs Servative Allocation and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Servative Allocation. 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 board of governors.

Moving together with Mfs Mutual Fund

0.98	VWINX	Vanguard Wellesley Income	Pair Corr
0.86	VWIAX	Vanguard Wellesley Income	Pair Corr
0.88	BKMIX	Blackrock Multi Asset	Pair Corr
0.86	HBLTX	Hartford Balanced	Pair Corr
0.98	HBLRX	Hartford Balanced	Pair Corr
0.99	HBLSX	Hartford Balanced	Pair Corr
0.99	HBLVX	Hartford Balanced	Pair Corr
0.99	HBLYX	Hartford Balanced	Pair Corr
0.98	HBLCX	Hartford Balanced	Pair Corr
0.86	HBLIX	Hartford Balanced	Pair Corr
0.63	CAT	Caterpillar	Pair Corr

Moving against Mfs Mutual Fund

0.45	TRV	The Travelers Companies	Pair Corr
0.39	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DNCGX	OWMBX	FCSCX	PBCAX	JHSFX	EQCDX	AUNCX	RYAQX
DNCGX		0.89	0.58	0.8	0.83	0.28	0.63	0.01	DNCGX
OWMBX	0.89		0.68	0.89	0.91	0.32	0.81	0.22	OWMBX
FCSCX	0.58	0.68		0.68	0.65	0.41	0.6	0.11	FCSCX
PBCAX	0.8	0.89	0.68		0.97	0.44	0.71	0.1	PBCAX
JHSFX	0.83	0.91	0.65	0.97		0.44	0.71	0.21	JHSFX
EQCDX	0.28	0.32	0.41	0.44	0.44		0.15	0.1	EQCDX
AUNCX	0.63	0.81	0.6	0.71	0.71	0.15		0.16	AUNCX
RYAQX	0.01	0.22	0.11	0.1	0.21	0.1	0.16		RYAQX
	DNCGX	OWMBX	FCSCX	PBCAX	JHSFX	EQCDX	AUNCX	RYAQX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Conservative 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 Conservative'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
DNCGX	0.18	0.02	(0.89)	(0.16)	0.17	(0.22)	0.32	(0.32)	1.05
OWMBX	0.07	0.01	(1.65)	0.84	0.00	(0.12)	0.18	(0.18)	0.44
FCSCX	0.06	0.00	(1.62)	0.32	0.00	(0.19)	0.13	(0.13)	0.53
PBCAX	0.08	0.01	(1.49)	0.54	0.00	(0.14)	0.21	(0.10)	0.62
JHSFX	0.09	0.02	(1.86)	0.79	0.00	(0.15)	0.20	(0.10)	0.70
EQCDX	0.06	0.00	0.00	(0.08)	0.00	0.00	0.21	(0.10)	1.05
AUNCX	0.11	0.00	(1.52)	0.28	0.00	(0.13)	0.19	(0.19)	0.57
RYAQX	0.63	0.04	(0.29)	(1.78)	0.63	(0.76)	1.28	(1.11)	3.33

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