Mfs New Correlations

Mutual Funds USA . 
Fund . Mfs New Discovery
NDVCX Fund  USD 15.90  0.03  0.19%   
The current 90-days correlation between Mfs New Discovery and Mfs Lifetime 2065 is 0.86 (i.e., Very poor diversification). The correlation of Mfs New 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 New Correlation With Market

Good diversification

The correlation between Mfs New Discovery and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs New Discovery 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 New Discovery. 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 interest.

Moving together with Mfs Mutual Fund

  0.67UIVIX Mfs Intrinsic ValuePairCorr
  0.67UIVVX Mfs Intrinsic ValuePairCorr
  0.67UIVRX Mfs Intrinsic ValuePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs New 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 New'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LFTFX  0.40  0.09 (0.02)(0.68) 0.43 
(0.46)
 1.11 
(0.62)
 3.77 
LFTJX  0.40 (0.03)(0.08) 0.06  0.51 
(0.42)
 0.99 
(0.63)
 3.79 
LFTGX  0.40 (0.02)(0.08) 0.06  0.51 
(0.42)
 0.99 
(0.64)
 3.71 
LFTHX  0.40 (0.02)(0.07) 0.06  0.50 
(0.43)
 0.98 
(0.63)
 3.84 
LFTMX  0.40 (0.02)(0.07) 0.06  0.50 
(0.44)
 0.98 
(0.63)
 3.84 
LFTNX  0.40 (0.02)(0.07) 0.06  0.50 
(0.42)
 0.98 
(0.62)
 3.75 
LFTKX  0.41 (0.02)(0.07) 0.06  0.50 
(0.44)
 0.99 
(0.71)
 3.78 
LFTLX  0.40 (0.02)(0.07) 0.06  0.50 
(0.43)
 0.98 
(0.63)
 3.77 
HYPPX  0.13  0.02 (0.32)(0.43) 0.00 
(0.22)
 0.36 
(0.24)
 1.07 
UIVIX  0.49  0.06 (0.06)(0.25) 0.54 
(0.58)
 1.27 
(0.77)
 3.76 

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY