MFS Municipal Correlations
MFM Stock | USD 5.04 0.01 0.20% |
The current 90-days correlation between MFS Municipal Income and Eaton Vance National is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Municipal Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
MFS Municipal Correlation With Market
Weak diversification
The correlation between MFS Municipal Income and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Municipal Income and DJI in the same portfolio, assuming nothing else is changed.
Moving together with MFS Stock
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Risk-Adjusted Indicators
There is a big difference between MFS Stock performing well and MFS Municipal 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 Municipal'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CXH | 0.32 | (0.07) | 0.00 | (0.17) | 0.00 | 0.53 | 1.86 | |||
EOT | 0.45 | (0.02) | (0.31) | 0.11 | 0.49 | 1.26 | 3.44 | |||
MVT | 0.46 | (0.08) | (0.24) | 0.00 | 0.75 | 0.91 | 3.67 | |||
DTF | 0.21 | 0.01 | (0.62) | 0.37 | 0.18 | 0.45 | 1.36 | |||
CXE | 0.44 | (0.04) | (0.30) | 0.04 | 0.48 | 1.14 | 2.60 | |||
CMU | 0.37 | (0.05) | 0.00 | (0.07) | 0.00 | 0.62 | 2.42 | |||
OIA | 0.46 | (0.07) | 0.00 | (0.06) | 0.00 | 0.89 | 3.16 | |||
PMM | 0.52 | (0.08) | (0.25) | 0.02 | 0.66 | 1.39 | 4.31 |
MFS Municipal Corporate Management
James Kilman | Independent Trustee | Profile | |
Amanda Mooradian | Assistant Secretary, Assistant Clerk | Profile | |
Susan Pereira | Assistant Secretary and Assistant Clerk | Profile | |
Laurie Thomsen | Independent Trustee | Profile | |
CFA CPA | Portfolio Manager | Profile |