MFS Active Correlations

MFSV Etf

25.68 0.09 0.35%

The current 90-days correlation between MFS Active Value and FT Vest Equity is 0.58 (i.e., Very weak diversification). The correlation of MFS Active 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 Active Correlation With Market

Very poor diversification

The correlation between MFS Active Value and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Active Value and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Etf

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

Moving together with MFS Etf

0.62	VTI	Vanguard Total Stock	Pair Corr
0.62	SPY	SPDR SP 500	Pair Corr
0.62	IVV	iShares Core SP	Pair Corr
0.61	VTV	Vanguard Value Index	Pair Corr
0.62	VUG	Vanguard Growth Index	Pair Corr
0.61	VB	Vanguard Small Cap	Pair Corr
0.61	VWO	Vanguard FTSE Emerging	Pair Corr
0.63	WSML	iShares MSCI World	Pair Corr
0.62	EVUS	iShares ESG Aware	Pair Corr
0.63	CPSL	Calamos Laddered	Pair Corr
0.95	CAT	Caterpillar	Pair Corr
0.96	BAC	Bank of America	Pair Corr
0.92	DIS	Walt Disney	Pair Corr
0.94	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.92	BA	Boeing Earnings Call This Week	Pair Corr
0.88	MMM	3M Company	Pair Corr
0.88	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.9	GE	GE Aerospace	Pair Corr
0.84	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr

Moving against MFS Etf

0.52	KO	Coca Cola	Pair Corr
0.37	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DHDG	MBCC	DIHP	DIVN	DJAN	FB	MDLV	DJUL	DJUN
DHDG		0.98	0.95	-0.42	0.97	-0.31	0.44	0.55	0.62	DHDG
MBCC	0.98		0.96	-0.46	0.99	-0.34	0.53	0.62	0.67	MBCC
DIHP	0.95	0.96		-0.38	0.94	-0.27	0.49	0.58	0.65	DIHP
DIVN	-0.42	-0.46	-0.38		-0.5	0.69	-0.46	-0.53	-0.44	DIVN
DJAN	0.97	0.99	0.94	-0.5		-0.35	0.59	0.67	0.69	DJAN
FB	-0.31	-0.34	-0.27	0.69	-0.35		-0.32	-0.37	-0.33	FB
MDLV	0.44	0.53	0.49	-0.46	0.59	-0.32		0.96	0.87	MDLV
DJUL	0.55	0.62	0.58	-0.53	0.67	-0.37	0.96		0.96	DJUL
DJUN	0.62	0.67	0.65	-0.44	0.69	-0.33	0.87	0.96		DJUN
	DHDG	MBCC	DIHP	DIVN	DJAN	FB	MDLV	DJUL	DJUN

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

DJAN	+ 0.99	MBCC
MBCC	+ 0.98	DHDG
DJAN	+ 0.97	DHDG
DIHP	+ 0.96	MBCC
DJUL	+ 0.96	MDLV
DJUN	+ 0.96	DJUL

High negative correlations

DJUL	- 0.53	DIVN
DJAN	- 0.5	DIVN
MDLV	- 0.46	DIVN
DIVN	- 0.46	MBCC
DJUN	- 0.44	DIVN
DIVN	- 0.42	DHDG

MFS Active Constituents Risk-Adjusted Indicators

There is a big difference between MFS Etf performing well and MFS Active ETF 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 Active'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
DHDG	0.13	0.05	(0.72)	0.43	0.00	(0.16)	0.45	(0.13)	1.41
MBCC	0.55	0.07	0.07	0.27	0.19	(0.66)	1.46	(0.95)	5.16
DIHP	0.51	0.04	(0.09)	0.28	0.36	(0.57)	1.22	(1.02)	2.74
DIVN	0.50	0.17	0.00	(14.31)	0.00	0.00	1.26	(0.85)	2.96
DJAN	0.30	0.06	(0.15)	0.33	0.00	(0.37)	0.83	(0.42)	2.46
FB	0.22	0.06	(0.64)	2.90	0.00	(0.28)	0.65	(0.35)	1.20
MDLV	0.45	0.13	(0.15)	(0.72)	0.39	(0.46)	0.98	(0.85)	3.44
DJUL	0.37	0.19	(0.04)	(3.28)	0.00	(0.44)	0.90	(0.62)	3.59
DJUN	0.39	0.15	(0.11)	(2.30)	0.13	(0.44)	1.16	(0.68)	4.09

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