Mfs Moderate Correlations

MMACX Fund

USD 20.59 0.05 0.24%

The current 90-days correlation between Mfs Moderate Allocation and Mfs Growth Allocation is 0.09 (i.e., Significant diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Average diversification

The correlation between Mfs Moderate Allocation and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Moderate Allocation. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Mfs Mutual Fund

0.73	LFTFX	Mfs Lifetime 2065	Pair Corr
0.73	LFTJX	Mfs Lifetime 2065	Pair Corr
0.99	LFTGX	Mfs Lifetime 2065	Pair Corr
0.98	LFTHX	Mfs Lifetime 2065	Pair Corr
0.73	LFTMX	Mfs Lifetime 2065	Pair Corr
0.73	LFTNX	Mfs Lifetime 2065	Pair Corr
0.72	LFTKX	Mfs Lifetime 2065	Pair Corr
0.67	UIVIX	Mfs Intrinsic Value	Pair Corr
0.67	UIVCX	Mfs Intrinsic Value	Pair Corr
0.67	UIVPX	Mfs Intrinsic Value	Pair Corr
0.67	UIVQX	Mfs Intrinsic Value	Pair Corr
0.92	UIVNX	Mfs Intrinsic Value	Pair Corr
0.67	UIVMX	Mfs Intrinsic Value	Pair Corr
0.68	UIVVX	Mfs Intrinsic Value	Pair Corr
0.92	UIVRX	Mfs Intrinsic Value	Pair Corr
0.61	MKVIX	Mfs International Large	Pair Corr

Related Correlations Analysis

	MAGWX	TLQIX	GAB	PNOYX	PGGFX	PRRAX	HHHSX	TWCIX
MAGWX		0.53	0.54	0.53	0.83	0.44	0.47	0.65	MAGWX
TLQIX	0.53		0.09	0.74	0.71	0.29	0.67	0.69	TLQIX
GAB	0.54	0.09		0.26	0.29	0.24	-0.01	0.23	GAB
PNOYX	0.53	0.74	0.26		0.84	-0.01	0.82	0.87	PNOYX
PGGFX	0.83	0.71	0.29	0.84		0.16	0.85	0.93	PGGFX
PRRAX	0.44	0.29	0.24	-0.01	0.16		-0.03	-0.02	PRRAX
HHHSX	0.47	0.67	-0.01	0.82	0.85	-0.03		0.88	HHHSX
TWCIX	0.65	0.69	0.23	0.87	0.93	-0.02	0.88		TWCIX
	MAGWX	TLQIX	GAB	PNOYX	PGGFX	PRRAX	HHHSX	TWCIX

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

TWCIX	+ 0.93	PGGFX
TWCIX	+ 0.88	HHHSX
TWCIX	+ 0.87	PNOYX
HHHSX	+ 0.85	PGGFX
PGGFX	+ 0.84	PNOYX
PGGFX	+ 0.83	MAGWX

High negative correlations

HHHSX	- 0.03	PRRAX
TWCIX	- 0.02	PRRAX
PRRAX	- 0.01	PNOYX
HHHSX	- 0.01	GAB

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Moderate 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 Moderate'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
MAGWX	0.40	(0.03)	(0.08)	0.03	0.56	(0.38)	0.82	(0.87)	2.60
TLQIX	0.27	0.03	(0.08)	0.52	0.33	(0.26)	0.63	(0.58)	1.71
GAB	0.68	(0.01)	(0.03)	0.05	0.84	(0.73)	1.68	(1.32)	4.16
PNOYX	0.55	0.03	0.02	0.10	0.72	(0.56)	1.23	(1.00)	3.74
PGGFX	0.60	0.00	0.00	0.07	0.85	(0.56)	1.23	(1.46)	3.66
PRRAX	0.57	(0.05)	0.00	(0.04)	0.00	0.00	1.15	(1.12)	3.70
HHHSX	0.77	0.08	0.06	0.17	0.99	(0.81)	1.63	(1.39)	5.42
TWCIX	0.75	0.02	0.02	0.09	1.09	(0.74)	1.70	(1.71)	4.47

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