Mfs Limited Correlations
MQLKX Fund | USD 5.87 0.01 0.17% |
The current 90-days correlation between Mfs Limited Maturity and Prudential Qma Large Cap is -0.03 (i.e., Good diversification). 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
Good diversification
The correlation between Mfs Limited Maturity 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 Limited Maturity and DJI in the same portfolio, assuming nothing else is changed.
Mfs |
Moving together with Mfs Mutual Fund
0.7 | VBIRX | Vanguard Short Term | PairCorr |
0.84 | VFSUX | Vanguard Short Term | PairCorr |
0.98 | VFSIX | Vanguard Short Term | PairCorr |
0.87 | VFSTX | Vanguard Short Term | PairCorr |
0.94 | VBITX | Vanguard Short Term | PairCorr |
0.83 | VBISX | Vanguard Short Term | PairCorr |
0.83 | LALDX | Lord Abbett Short | PairCorr |
0.95 | VSCSX | Vanguard Short Term | PairCorr |
0.87 | LDLAX | Lord Abbett Short | PairCorr |
0.97 | LDLRX | Lord Abbett Short | PairCorr |
0.77 | PMPIX | Precious Metals Ultr Steady Growth | PairCorr |
0.76 | PMPSX | Precious Metals Ultr Steady Growth | PairCorr |
0.69 | FGPMX | Franklin Gold And Steady Growth | PairCorr |
0.78 | CVLOX | Calamos Global Growth | PairCorr |
0.83 | MAUKX | Pioneer Multi Asset | PairCorr |
0.62 | IBM | International Business | PairCorr |
0.63 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
0.64 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.67 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
0.63 | CAT | Caterpillar | PairCorr |
Moving against Mfs Mutual Fund
Related Correlations Analysis
1.0 | 0.98 | 0.98 | 0.99 | 1.0 | 1.0 | PTEZX | ||
1.0 | 0.97 | 0.97 | 0.99 | 1.0 | 1.0 | LMTIX | ||
0.98 | 0.97 | 0.97 | 0.99 | 0.97 | 0.98 | GMLVX | ||
0.98 | 0.97 | 0.97 | 0.98 | 0.97 | 0.98 | AMFFX | ||
0.99 | 0.99 | 0.99 | 0.98 | 0.99 | 1.0 | PAXLX | ||
1.0 | 1.0 | 0.97 | 0.97 | 0.99 | 0.99 | MTCGX | ||
1.0 | 1.0 | 0.98 | 0.98 | 1.0 | 0.99 | DLQIX | ||
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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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
PTEZX | 0.62 | 0.10 | 0.14 | 0.34 | 0.00 | 2.11 | 5.32 | |||
LMTIX | 0.58 | 0.10 | 0.12 | 0.34 | 0.00 | 1.82 | 4.80 | |||
GMLVX | 0.50 | 0.15 | 0.05 | 0.52 | 0.00 | 1.55 | 4.06 | |||
AMFFX | 0.48 | 0.24 | (0.05) | (1.19) | 0.30 | 1.52 | 3.62 | |||
PAXLX | 0.58 | 0.15 | 0.18 | 0.41 | 0.00 | 2.02 | 4.81 | |||
MTCGX | 0.80 | 0.19 | 0.25 | 0.42 | 0.00 | 2.40 | 6.22 | |||
DLQIX | 0.60 | 0.15 | 0.22 | 0.41 | 0.00 | 2.12 | 4.78 |