MFS Charter Correlations

MCR Stock

USD 6.30 0.02 0.32%

The current 90-days correlation between MFS Charter Income and MFS Multimarket Income is 0.63 (i.e., Poor diversification). The correlation of MFS Charter 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 Charter Correlation With Market

Good diversification

The correlation between MFS Charter Income 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 Charter Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Charter Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with MFS Stock

0.64	V	Visa Class A Earnings Call This Week	Pair Corr
0.93	GS	Goldman Sachs Group	Pair Corr
0.62	MA	Mastercard	Pair Corr
0.95	AXP	American Express	Pair Corr
0.93	COF	Capital One Financial Earnings Call Today	Pair Corr
0.81	SCM	Stellus Capital Inve	Pair Corr
0.83	GAIN	Gladstone Investment	Pair Corr
0.87	GLAD	Gladstone Capital	Pair Corr
0.79	HTGC	Hercules Capital	Pair Corr
0.8	MAIN	Main Street Capital	Pair Corr
0.88	OPFI	OppFi Inc	Pair Corr
0.9	PFLT	PennantPark Floating Rate	Pair Corr
0.95	PYPL	PayPal Holdings Earnings Call This Week	Pair Corr
0.9	ALLY	Ally Financial	Pair Corr
0.9	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.89	TPVG	Triplepoint Venture	Pair Corr
0.92	TSLX	Sixth Street Specialty	Pair Corr
0.84	CSWC	Capital Southwest	Pair Corr
0.92	C	Citigroup Aggressive Push	Pair Corr
0.89	L	Loews Corp Earnings Call This Week	Pair Corr
0.88	DHIL	Diamond Hill Investment	Pair Corr
0.86	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.87	AC	Associated Capital	Pair Corr
0.89	AX	Axos Financial Earnings Call This Week	Pair Corr
0.94	BK	Bank of New York	Pair Corr
0.94	BN	Brookfield Corp	Pair Corr
0.78	BX	Blackstone Group	Pair Corr
0.76	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.9	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr
0.96	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.85	HG	Hamilton Insurance Group,	Pair Corr
0.9	IX	Orix Corp Ads	Pair Corr

Moving against MFS Stock

0.48	PSEC	Prospect Capital	Pair Corr
0.66	FG	FG Annuities Life	Pair Corr
0.63	EG	Everest Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CMU	CXE	MMT	MIN	MUE	MGF	MFM	PIM
CMU		0.47	0.24	0.15	0.61	0.07	0.68	0.19	CMU
CXE	0.47		0.67	0.68	0.74	0.62	0.86	0.53	CXE
MMT	0.24	0.67		0.89	0.21	0.68	0.66	0.94	MMT
MIN	0.15	0.68	0.89		0.25	0.7	0.58	0.82	MIN
MUE	0.61	0.74	0.21	0.25		0.25	0.68	0.06	MUE
MGF	0.07	0.62	0.68	0.7	0.25		0.58	0.63	MGF
MFM	0.68	0.86	0.66	0.58	0.68	0.58		0.55	MFM
PIM	0.19	0.53	0.94	0.82	0.06	0.63	0.55		PIM
	CMU	CXE	MMT	MIN	MUE	MGF	MFM	PIM

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Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Charter Company 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 Charter'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
CMU	0.36	(0.04)	0.00	(0.08)	0.00	0.00	0.62	(0.92)	2.42
CXE	0.43	(0.02)	(0.18)	0.06	0.47	(0.60)	1.14	(0.86)	2.60
MMT	0.31	0.10	(0.09)	(2.37)	0.00	(0.44)	0.86	(0.66)	2.21
MIN	0.48	0.03	(0.16)	(0.23)	0.54	(0.62)	1.13	(0.77)	3.07
MUE	0.47	(0.06)	0.00	(0.08)	0.00	0.00	0.96	(0.96)	2.98
MGF	0.41	0.01	(0.20)	0.43	0.39	(0.64)	1.00	(0.66)	2.63
MFM	0.46	0.00	(0.16)	0.13	0.54	(0.53)	0.97	(1.16)	3.16
PIM	0.44	0.11	(0.07)	(0.68)	0.36	(0.53)	0.93	(0.91)	2.18

MFS Charter Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
CFA CFA	Portfolio Manager	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile

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