Mfs Limited Correlations

MQLKX Fund

USD 5.88 0.01 0.17%

The correlation of Mfs Limited 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 Limited Correlation With Market

Significant diversification

The correlation between Mfs Limited Maturity and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Limited Maturity 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 Limited Maturity. 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 industry.

Moving together with Mfs Mutual Fund

0.76	LFTFX	Mfs Lifetime 2065	Pair Corr
0.76	LFTJX	Mfs Lifetime 2065	Pair Corr
0.76	LFTGX	Mfs Lifetime 2065	Pair Corr
0.77	LFTHX	Mfs Lifetime 2065	Pair Corr
0.77	LFTNX	Mfs Lifetime 2065	Pair Corr
0.94	HYPPX	Mfs High Yield	Pair Corr
0.72	UIVIX	Mfs Intrinsic Value	Pair Corr
0.71	UIVCX	Mfs Intrinsic Value	Pair Corr
0.72	UIVPX	Mfs Intrinsic Value	Pair Corr
0.72	UIVQX	Mfs Intrinsic Value	Pair Corr
0.72	UIVNX	Mfs Intrinsic Value	Pair Corr
0.71	UIVMX	Mfs Intrinsic Value	Pair Corr
0.72	UIVVX	Mfs Intrinsic Value	Pair Corr
0.72	UIVRX	Mfs Intrinsic Value	Pair Corr
0.75	OTCHX	Mfs Mid Cap	Pair Corr
0.75	OTCIX	Mfs Mid Cap	Pair Corr
0.75	OTCJX	Mfs Mid Cap	Pair Corr
0.75	OTCKX	Mfs Mid Cap	Pair Corr
0.72	MKVCX	Mfs International Large	Pair Corr
0.71	MKVBX	Mfs International Large	Pair Corr
0.74	OTCGX	Mfs Mid Cap	Pair Corr
0.82	MKVGX	Mfs International Large	Pair Corr
0.72	MKVFX	Mfs International Large	Pair Corr
0.72	MKVEX	Mfs International Large	Pair Corr
0.72	MKVDX	Mfs International Large	Pair Corr
0.72	MKVIX	Mfs International Large	Pair Corr
0.72	MKVHX	Mfs Series Trust	Pair Corr
0.77	BRKBX	Mfs Blended Research	Pair Corr
0.77	BRKCX	Mfs Blended Research	Pair Corr
0.77	BRKAX	Mfs Blended Research	Pair Corr
0.75	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	HUCXX	QCMMIX	STSEX	VMRXX	STPXX	FZDXX	PFCXX	JRSXX
HUCXX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HUCXX
QCMMIX	0.0		0.95	0.52	0.49	0.52	0.52	0.0	QCMMIX
STSEX	0.0	0.95		0.69	0.65	0.69	0.69	0.0	STSEX
VMRXX	0.0	0.52	0.69		0.92	1.0	1.0	0.0	VMRXX
STPXX	0.0	0.49	0.65	0.92		0.92	0.92	0.0	STPXX
FZDXX	0.0	0.52	0.69	1.0	0.92		1.0	0.0	FZDXX
PFCXX	0.0	0.52	0.69	1.0	0.92	1.0		0.0	PFCXX
JRSXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JRSXX
	HUCXX	QCMMIX	STSEX	VMRXX	STPXX	FZDXX	PFCXX	JRSXX

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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

FZDXX	+ 1.0	VMRXX
PFCXX	+ 1.0	VMRXX
PFCXX	+ 1.0	FZDXX
STSEX	+ 0.95	QCMMIX
STPXX	+ 0.92	VMRXX
FZDXX	+ 0.92	STPXX

High negative correlations

JRSXX	- 0.0	PFCXX
JRSXX	- 0.0	FZDXX
JRSXX	- 0.0	STPXX
JRSXX	- 0.0	VMRXX
JRSXX	- 0.0	STSEX
JRSXX	- 0.0	QCMMIX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Limited 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 Limited'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCMMIX	0.02	0.01	0.00	2.21	0.00	0.03	0.00	0.03
STSEX	0.50	0.06	0.02	0.29	(0.57)	1.60	(0.83)	2.96
VMRXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	1.01
STPXX	0.03	0.00	0.00	1.47	0.00	0.00	0.00	1.01
FZDXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	1.01
PFCXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	1.01
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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