MFS Multimarket Correlations
MMT Stock | USD 4.63 0.01 0.22% |
The current 90-days correlation between MFS Multimarket Income and MFS Intermediate Income is 0.29 (i.e., Modest diversification). The correlation of MFS Multimarket 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 Multimarket Correlation With Market
Good diversification
The correlation between MFS Multimarket Income and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Multimarket Income and DJI in the same portfolio, assuming nothing else is changed.
Moving together with MFS Stock
0.94 | GS | Goldman Sachs Group | PairCorr |
0.95 | AXP | American Express | PairCorr |
0.94 | COF | Capital One Financial | PairCorr |
0.83 | SCM | Stellus Capital Inve Earnings Call This Week | PairCorr |
0.72 | GAIN | Gladstone Investment | PairCorr |
0.86 | GLAD | Gladstone Capital | PairCorr |
0.81 | HTGC | Hercules Capital Earnings Call This Week | PairCorr |
0.82 | MAIN | Main Street Capital | PairCorr |
0.75 | OPFI | OppFi Inc | PairCorr |
0.88 | PFLT | PennantPark Floating Rate | PairCorr |
0.9 | PYPL | PayPal Holdings Earnings Call This Week | PairCorr |
0.93 | ALLY | Ally Financial Sell-off Trend | PairCorr |
0.87 | ARCC | Ares Capital Earnings Call This Week | PairCorr |
0.87 | TPVG | Triplepoint Venture Earnings Call This Week | PairCorr |
0.9 | TSLX | Sixth Street Specialty Earnings Call This Week | PairCorr |
0.88 | CSWC | Capital Southwest | PairCorr |
0.92 | C | Citigroup Aggressive Push | PairCorr |
0.9 | L | Loews Corp Earnings Call This Week | PairCorr |
0.9 | DHIL | Diamond Hill Investment | PairCorr |
0.84 | AB | AllianceBernstein Earnings Call Tomorrow | PairCorr |
0.76 | AC | Associated Capital | PairCorr |
0.91 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.89 | BK | Bank of New York | PairCorr |
0.92 | BN | Brookfield Corp | PairCorr |
0.82 | BX | Blackstone Group Normal Trading | PairCorr |
0.76 | BY | Byline Bancorp Earnings Call Tomorrow | PairCorr |
0.91 | CG | Carlyle Group Earnings Call Tomorrow | PairCorr |
0.94 | CM | Canadian Imperial Bank | PairCorr |
0.92 | DB | Deutsche Bank AG Earnings Call Tomorrow | PairCorr |
0.74 | HG | Hamilton Insurance Group, | PairCorr |
0.89 | IX | Orix Corp Ads | PairCorr |
Moving against MFS Stock
0.39 | PSEC | Prospect Capital | PairCorr |
0.63 | EG | Everest Group Earnings Call This Week | PairCorr |
0.6 | FG | FG Annuities Life | PairCorr |
0.35 | LX | Lexinfintech Holdings Sell-off Trend | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between MFS Stock performing well and MFS Multimarket 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 Multimarket'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
MIN | 0.48 | 0.04 | (0.20) | (0.18) | 0.54 | 1.13 | 3.07 | |||
MCR | 0.31 | 0.07 | (0.16) | 0.60 | 0.00 | 0.68 | 1.83 | |||
CXE | 0.44 | (0.02) | (0.22) | 0.08 | 0.48 | 1.14 | 2.60 | |||
CMU | 0.36 | (0.04) | (0.24) | (0.05) | 0.49 | 0.62 | 2.42 | |||
MQY | 0.43 | (0.06) | (0.26) | 0.01 | 0.57 | 1.01 | 3.60 | |||
MGF | 0.41 | (0.01) | (0.26) | 0.13 | 0.39 | 1.00 | 2.63 | |||
MFM | 0.46 | (0.02) | (0.22) | 0.09 | 0.54 | 0.97 | 3.16 | |||
PPT | 0.49 | 0.04 | (0.17) | 2.15 | 0.48 | 1.10 | 4.23 |
MFS Multimarket Corporate Management
James Kilman | Independent Trustee | Profile | |
Amanda Mooradian | Assistant Secretary, Assistant Clerk | Profile | |
CFA CFA | Portfolio Manager | Profile | |
Susan Pereira | Assistant Secretary and Assistant Clerk | Profile | |
Laurie Thomsen | Independent Trustee | Profile |