Mfs Research Correlations

MSRRX Fund

USD 52.44 0.16 0.30%

The current 90-days correlation between Mfs Research and Queens Road Small is 0.29 (i.e., Modest diversification). The correlation of Mfs Research 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 Research Correlation With Market

Weak diversification

The correlation between Mfs Research Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Research Fund 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 Research Fund. 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 real.

Moving together with Mfs Mutual Fund

0.8	OTCIX	Mfs Mid Cap	Pair Corr
0.81	OTCJX	Mfs Mid Cap	Pair Corr
0.8	OTCKX	Mfs Mid Cap	Pair Corr
0.86	OTCGX	Mfs Mid Cap	Pair Corr
0.73	OTCBX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.82	OTCHX	Mfs Mid Cap	Pair Corr
0.82	OTCAX	Mfs Mid Cap	Pair Corr
0.42	MKVBX	Mfs International Large	Pair Corr
0.4	MKVCX	Mfs International Large	Pair Corr
0.4	MKVGX	Mfs International Large	Pair Corr
0.4	MKVFX	Mfs International Large	Pair Corr
0.4	MKVEX	Mfs International Large	Pair Corr
0.4	MKVDX	Mfs International Large	Pair Corr
0.4	MKVIX	Mfs International Large	Pair Corr
0.4	MKVHX	Mfs Series Trust	Pair Corr
0.8	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	QRSVX	VISVX	BOSVX	BRSVX	ARSMX	QRSAX	LVAQX
QRSVX		0.93	0.77	0.87	0.93	1.0	0.89	QRSVX
VISVX	0.93		0.9	0.92	0.95	0.93	0.93	VISVX
BOSVX	0.77	0.9		0.94	0.87	0.77	0.88	BOSVX
BRSVX	0.87	0.92	0.94		0.92	0.87	0.97	BRSVX
ARSMX	0.93	0.95	0.87	0.92		0.93	0.94	ARSMX
QRSAX	1.0	0.93	0.77	0.87	0.93		0.89	QRSAX
LVAQX	0.89	0.93	0.88	0.97	0.94	0.89		LVAQX
	QRSVX	VISVX	BOSVX	BRSVX	ARSMX	QRSAX	LVAQX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Research 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 Research'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
QRSVX	0.71	(0.07)	(0.07)	0.01	0.88	(0.80)	1.81	(1.11)	4.85
VISVX	0.73	(0.04)	(0.04)	0.04	0.91	(0.76)	1.74	(1.38)	4.32
BOSVX	0.89	0.01	0.02	0.08	0.97	(0.99)	2.06	(1.84)	5.29
BRSVX	0.79	(0.03)	(0.02)	0.05	0.96	(0.90)	2.02	(1.45)	5.20
ARSMX	0.66	(0.05)	(0.07)	0.02	0.75	(0.81)	1.36	(1.34)	3.44
QRSAX	0.71	(0.07)	(0.07)	0.01	0.87	(0.81)	1.80	(1.11)	4.84
LVAQX	0.73	(0.04)	(0.04)	0.04	0.91	(0.80)	1.82	(1.55)	4.64

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