Mfs Modity Correlations
MCSAX Fund | USD 3.85 0.01 0.26% |
The current 90-days correlation between Mfs Modity Strategy and Pnc Emerging Markets is -0.02 (i.e., Good diversification). The correlation of Mfs Modity 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 Modity Correlation With Market
Very good diversification
The correlation between Mfs Modity Strategy and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Modity Strategy and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving together with Mfs Mutual Fund
0.89 | PCRIX | Commodityrealreturn | PairCorr |
0.97 | PCRRX | Commodityrealreturn | PairCorr |
0.89 | PCRPX | Pimco Modityrealreturn | PairCorr |
0.9 | PCSRX | Commodityrealreturn | PairCorr |
0.97 | PCRCX | Commodityrealreturn | PairCorr |
0.89 | PCRNX | Pimco Commodityrealret | PairCorr |
0.79 | PCLAX | Pimco Moditiesplus | PairCorr |
0.96 | PCPCX | Pimco Commoditiesplus | PairCorr |
0.98 | PCLNX | Pimco Commoditiesplus | PairCorr |
0.67 | UPUPX | Upright Growth | PairCorr |
0.69 | CHDVX | Cullen High Dividend | PairCorr |
0.62 | JCICX | Jpmorgan Intrepid Growth | PairCorr |
0.72 | SEBLX | Sentinel Balanced | PairCorr |
0.82 | DLCMX | Doubleline Strategic | PairCorr |
0.71 | PWRIX | Power Income | PairCorr |
0.64 | PMORX | Putnam Mortgage Oppo | PairCorr |
Related Correlations Analysis
0.91 | 0.99 | 0.98 | 0.99 | PIEFX | ||
0.91 | 0.94 | 0.92 | 0.95 | DBELX | ||
0.99 | 0.94 | 0.98 | 1.0 | FHKFX | ||
0.98 | 0.92 | 0.98 | 0.98 | EMILX | ||
0.99 | 0.95 | 1.0 | 0.98 | QTERX | ||
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Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Modity 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 Modity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PIEFX | 0.65 | 0.31 | 0.09 | (3.30) | 0.00 | 2.36 | 4.18 | |||
DBELX | 0.22 | 0.08 | (0.43) | 1.39 | 0.00 | 0.46 | 1.75 | |||
FHKFX | 0.55 | 0.29 | 0.08 | (15.16) | 0.00 | 1.72 | 4.12 | |||
EMILX | 0.54 | 0.13 | 0.02 | 0.47 | 0.00 | 1.60 | 4.16 | |||
QTERX | 0.50 | 0.30 | 0.09 | (5.02) | 0.00 | 1.47 | 3.85 |