Mfs Value Correlations

MVAAX Fund

USD 35.33 0.11 0.31%

The current 90-days correlation between Mfs Value 529 and Lebenthal Lisanti Small is 0.62 (i.e., Poor diversification). The correlation of Mfs Value 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 Value Correlation With Market

Good diversification

The correlation between Mfs Value 529 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value 529 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 Value 529. 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 nation.

Moving together with Mfs Mutual Fund

0.92	VTSAX	Vanguard Total Stock	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.92	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.92	VFFSX	Vanguard 500 Index	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.66	GAAKX	Gmo Alternative Allo	Pair Corr
0.73	GAAGX	Gmo Alternative Allo	Pair Corr
0.67	GPBFX	Gmo E Plus	Pair Corr
0.61	GPMFX	Guidepath Managed Futures	Pair Corr
0.79	PQTAX	Pimco Trends Managed	Pair Corr
0.79	PQTNX	Pimco Trends Managed	Pair Corr
0.79	PQTIX	Aa Pimco Tr	Pair Corr
0.86	MCLOX	Blackrock Gbl Alloc	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.8	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.71	AXP	American Express	Pair Corr
0.76	MRK	Merck Company Aggressive Push	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.85	CAT	Caterpillar	Pair Corr

Moving against Mfs Mutual Fund

0.66	TRV	The Travelers Companies	Pair Corr
0.5	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ASCGX	RYSVX	TISVX	HRSCX	GLVIX	ANTMX
ASCGX		0.88	0.91	0.97	0.87	0.92	ASCGX
RYSVX	0.88		0.89	0.93	0.89	0.86	RYSVX
TISVX	0.91	0.89		0.89	0.91	0.98	TISVX
HRSCX	0.97	0.93	0.89		0.91	0.9	HRSCX
GLVIX	0.87	0.89	0.91	0.91		0.89	GLVIX
ANTMX	0.92	0.86	0.98	0.9	0.89		ANTMX
	ASCGX	RYSVX	TISVX	HRSCX	GLVIX	ANTMX

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Value 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 Value'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
ASCGX	0.87	0.28	0.13	(0.81)	0.78	(0.96)	1.95	(1.71)	5.87
RYSVX	1.12	0.24	0.10	(1.22)	1.13	(1.32)	2.52	(2.20)	7.99
TISVX	0.52	0.14	0.07	1.56	0.46	(0.58)	1.19	(0.96)	2.95
HRSCX	0.78	0.20	0.08	(0.62)	0.72	(0.96)	1.68	(1.33)	6.38
GLVIX	0.70	0.03	0.04	0.14	0.61	(0.79)	1.99	(1.13)	6.03
ANTMX	0.59	0.18	0.10	4.78	0.49	(0.69)	1.39	(1.10)	3.85

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