Mfs Value Correlations

CMFSX Fund

USD 36.25 0.12 0.33%

The current 90-days correlation between Mfs Value 529 and Financials Ultrasector Profund is -0.03 (i.e., Good 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.

Check out Trending Equities 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 housing.

Moving together with Mfs Mutual Fund

0.91	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.91	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.9	VFFSX	Vanguard 500 Index	Pair Corr
0.83	VGTSX	Vanguard Total Inter	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.94	MSTSX	Morningstar Unconstrained	Pair Corr
0.87	FIMPX	Nuveen Small Cap	Pair Corr
0.88	AWEIX	Invesco Disciplined	Pair Corr
0.89	VHCAX	Vanguard Capital Opp	Pair Corr
0.83	TSNAX	Touchstone Sands Capital	Pair Corr
0.83	SMQFX	Siit Emerging Markets	Pair Corr
0.75	MEDIX	Mfs Emerging Markets	Pair Corr
0.9	DFSTX	Us Small Cap	Pair Corr
0.9	TIDDX	T Rowe Price	Pair Corr
0.81	VEUSX	Vanguard European Stock	Pair Corr
0.82	HGXIX	Hartford Global Impact	Pair Corr
0.78	HLDCX	Hartford Emerging	Pair Corr
0.87	MPLAX	Praxis International	Pair Corr
0.86	RGNBX	American Funds Growth	Pair Corr
0.86	FDFVX	Fidelity Advisor Freedom	Pair Corr
0.83	MNHYX	High Yield Bond	Pair Corr
0.83	VTPSX	Vanguard Total Inter	Pair Corr
0.89	WGBAX	Wealthbuilder Growth	Pair Corr
0.88	RPFFX	Royce Premier	Pair Corr
0.86	QCERX	Aqr Large Cap	Pair Corr
0.72	FIQZX	Fidelity Intermediate	Pair Corr
0.76	CMIDX	Congress Mid Cap	Pair Corr
0.87	HCEGX	Growth Equity	Pair Corr
0.87	FLBSX	Franklin Lifesmart 2060	Pair Corr
0.67	GMVPX	Goldman Sachs Bond	Pair Corr
0.72	NARAX	Virtus Multi Sector	Pair Corr
0.79	TEDVX	Tiaa Cref Emerging	Pair Corr
0.81	ACFGX	American Century Inv	Pair Corr

Related Correlations Analysis

	FNPIX	FOSXX	FIKBX	GCFSX	RMBLX	IAAEX	MSVIX
FNPIX		0.0	0.98	0.78	0.91	0.84	0.82	FNPIX
FOSXX	0.0		0.0	0.0	0.0	0.0	0.0	FOSXX
FIKBX	0.98	0.0		0.83	0.92	0.87	0.88	FIKBX
GCFSX	0.78	0.0	0.83		0.76	0.91	0.94	GCFSX
RMBLX	0.91	0.0	0.92	0.76		0.82	0.82	RMBLX
IAAEX	0.84	0.0	0.87	0.91	0.82		0.96	IAAEX
MSVIX	0.82	0.0	0.88	0.94	0.82	0.96		MSVIX
	FNPIX	FOSXX	FIKBX	GCFSX	RMBLX	IAAEX	MSVIX

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

FIKBX	+ 0.98	FNPIX
MSVIX	+ 0.96	IAAEX
MSVIX	+ 0.94	GCFSX
RMBLX	+ 0.92	FIKBX
RMBLX	+ 0.91	FNPIX
IAAEX	+ 0.91	GCFSX

High negative correlations

MSVIX	- 0.0	FOSXX
IAAEX	- 0.0	FOSXX
RMBLX	- 0.0	FOSXX
GCFSX	- 0.0	FOSXX
FIKBX	- 0.0	FOSXX
FOSXX	- 0.0	FNPIX

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
FNPIX	0.97	(0.06)	(0.02)	0.02	1.29	(0.98)	1.87	(2.46)	5.71
FOSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIKBX	0.72	(0.03)	(0.01)	0.04	0.98	(0.70)	1.68	(2.13)	4.28
GCFSX	0.60	0.18	0.12	(1.23)	0.55	(0.64)	1.41	(1.24)	3.66
RMBLX	1.06	(0.05)	(0.01)	0.03	1.34	(1.09)	2.33	(2.45)	5.54
IAAEX	0.65	0.05	(0.01)	1.84	0.70	(0.80)	1.97	(1.15)	3.49
MSVIX	0.77	0.09	0.03	(6.89)	0.83	(0.87)	1.54	(1.33)	4.28

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