MFS Multimarket Correlations
MMT Stock | USD 4.64 0.03 0.65% |
The current 90-days correlation between MFS Multimarket Income and MFS Intermediate Income is 0.22 (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 -0.2 (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
0.73 | VRTS | Virtus Investment | PairCorr |
0.68 | FDUS | Fidus Investment Corp | PairCorr |
0.72 | AXP | American Express | PairCorr |
0.65 | PNNT | PennantPark Investment | PairCorr |
0.71 | SEIC | SEI Investments | PairCorr |
0.76 | SOFI | SoFi Technologies Earnings Call Tomorrow | PairCorr |
0.81 | CNNE | Cannae Holdings | PairCorr |
0.75 | C | Citigroup Aggressive Push | PairCorr |
0.75 | L | Loews Corp Earnings Call Tomorrow | PairCorr |
0.73 | DHIL | Diamond Hill Investment | PairCorr |
0.74 | AX | Axos Financial Earnings Call Tomorrow | PairCorr |
0.67 | BN | Brookfield Corp | PairCorr |
0.63 | BX | Blackstone Group Sell-off Trend | PairCorr |
0.73 | CG | Carlyle Group Normal Trading | PairCorr |
0.72 | CM | Canadian Imperial Bank | PairCorr |
0.64 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.81 | GS | Goldman Sachs Group | PairCorr |
0.81 | IX | Orix Corp Ads | PairCorr |
0.74 | KB | KB Financial Group | PairCorr |
0.78 | LC | LendingClub Corp Earnings Call This Week | PairCorr |
0.71 | MC | Moelis | PairCorr |
0.75 | MS | Morgan Stanley | PairCorr |
Moving against MFS Stock
0.75 | AIHS | Senmiao Technology | PairCorr |
0.43 | CB | Chubb | PairCorr |
0.43 | EG | Everest Group Earnings Call This Week | PairCorr |
0.42 | FG | FG Annuities Life | PairCorr |
0.61 | LX | Lexinfintech Holdings Normal Trading | PairCorr |
0.45 | LU | Lufax Holding | PairCorr |
0.39 | TW | Tradeweb Markets | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | 0.47 | 0.01 | (0.26) | (2.80) | 0.55 | 0.77 | 3.07 | |||
MCR | 0.27 | 0.06 | (0.35) | (9.37) | 0.14 | 0.64 | 1.63 | |||
CXE | 0.42 | 0.00 | (0.33) | 0.21 | 0.48 | 1.14 | 2.60 | |||
CMU | 0.34 | (0.02) | 0.00 | (4.60) | 0.00 | 0.62 | 2.42 | |||
MQY | 0.37 | (0.01) | 0.00 | 0.34 | 0.00 | 0.82 | 2.91 | |||
MGF | 0.42 | (0.01) | (0.26) | (0.16) | 0.52 | 1.30 | 3.90 | |||
MFM | 0.43 | 0.02 | (0.30) | 0.04 | 0.56 | 0.60 | 3.15 | |||
PPT | 0.50 | 0.08 | (0.24) | (0.12) | 0.53 | 1.11 | 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 |