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.

Build AI portfolio with MFS Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Municipal 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 census.

Moving together with MFS Stock

0.63	AB	AllianceBernstein Earnings Call Today	Pair Corr
0.66	NU	Nu Holdings	Pair Corr

Related Correlations Analysis

	CXH	EOT	MVT	DTF	CXE	CMU	OIA	PMM
CXH		0.62	0.77	0.15	0.73	0.73	0.74	0.65	CXH
EOT	0.62		0.69	0.34	0.71	0.49	0.82	0.58	EOT
MVT	0.77	0.69		0.62	0.91	0.55	0.69	0.84	MVT
DTF	0.15	0.34	0.62		0.63	0.09	0.13	0.59	DTF
CXE	0.73	0.71	0.91	0.63		0.41	0.68	0.87	CXE
CMU	0.73	0.49	0.55	0.09	0.41		0.5	0.33	CMU
OIA	0.74	0.82	0.69	0.13	0.68	0.5		0.66	OIA
PMM	0.65	0.58	0.84	0.59	0.87	0.33	0.66		PMM
	CXH	EOT	MVT	DTF	CXE	CMU	OIA	PMM

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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	0.00	0.53	(0.93)	1.86
EOT	0.45	(0.02)	(0.31)	0.11	0.49	(0.55)	1.26	(0.69)	3.44
MVT	0.46	(0.08)	(0.24)	0.00	0.75	(0.50)	0.91	(0.98)	3.67
DTF	0.21	0.01	(0.62)	0.37	0.18	(0.26)	0.45	(0.45)	1.36
CXE	0.44	(0.04)	(0.30)	0.04	0.48	(0.60)	1.14	(0.86)	2.60
CMU	0.37	(0.05)	0.00	(0.07)	0.00	0.00	0.62	(0.92)	2.42
OIA	0.46	(0.07)	0.00	(0.06)	0.00	0.00	0.89	(0.89)	3.16
PMM	0.52	(0.08)	(0.25)	0.02	0.66	(0.64)	1.39	(1.02)	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

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