MFS High Correlations

CXE Stock

USD 3.72 0.01 0.27%

The current 90-days correlation between MFS High Income and Platinum Asia Investments is 0.03 (i.e., Significant diversification). The correlation of MFS High 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.

MFS High Correlation With Market

Modest diversification

The correlation between MFS High Income and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MFS Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with MFS Stock

0.65	KTF	DWS Municipal Income	Pair Corr
0.67	LWI	Lowland Investment	Pair Corr

Moving against MFS Stock

0.54	KUR-H	Kure Technologies Earnings Call Tomorrow	Pair Corr
0.51	LIT	Litigation Capital	Pair Corr
0.4	IPX	Impax Asset Management	Pair Corr
0.39	CSOC-A	Canso Select Opportu	Pair Corr
0.47	CIW	Clime Investment Man	Pair Corr
0.46	LIO	Liontrust Asset Mana	Pair Corr
0.38	EVE	EVE Health Group	Pair Corr
0.31	CHRY	Chrysalis Investments	Pair Corr

Related Correlations Analysis

	PAI	FLBDX	BHBFX	MGF	GNT	PFO	MHF	JHI	GLU	BTA
PAI		-0.74	0.28	-0.33	-0.21	0.69	0.7	0.5	-0.54	0.66	PAI
FLBDX	-0.74		0.14	0.15	0.51	-0.64	-0.65	-0.26	0.83	-0.5	FLBDX
BHBFX	0.28	0.14		-0.02	0.61	-0.13	0.23	0.6	0.42	0.2	BHBFX
MGF	-0.33	0.15	-0.02		-0.1	-0.23	-0.12	-0.07	0.03	-0.35	MGF
GNT	-0.21	0.51	0.61	-0.1		-0.58	-0.3	0.28	0.81	-0.17	GNT
PFO	0.69	-0.64	-0.13	-0.23	-0.58		0.55	0.14	-0.7	0.49	PFO
MHF	0.7	-0.65	0.23	-0.12	-0.3	0.55		0.47	-0.53	0.8	MHF
JHI	0.5	-0.26	0.6	-0.07	0.28	0.14	0.47		0.03	0.41	JHI
GLU	-0.54	0.83	0.42	0.03	0.81	-0.7	-0.53	0.03		-0.39	GLU
BTA	0.66	-0.5	0.2	-0.35	-0.17	0.49	0.8	0.41	-0.39		BTA
	PAI	FLBDX	BHBFX	MGF	GNT	PFO	MHF	JHI	GLU	BTA

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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

GLU	+ 0.83	FLBDX
GLU	+ 0.81	GNT
BTA	+ 0.8	MHF
MHF	+ 0.7	PAI
PFO	+ 0.69	PAI
BTA	+ 0.66	PAI

High negative correlations

FLBDX	- 0.74	PAI
GLU	- 0.7	PFO
MHF	- 0.65	FLBDX
PFO	- 0.64	FLBDX
PFO	- 0.58	GNT
GLU	- 0.54	PAI

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS High Company 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 High'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
PAI	0.33	(0.05)	0.00	(0.14)	0.00	0.00	0.72	(0.72)	2.36
FLBDX	0.09	0.01	(0.31)	0.18	0.00	(0.13)	0.21	(0.21)	0.42
BHBFX	0.49	(0.04)	(0.10)	0.00	0.56	(0.60)	1.15	(1.01)	2.80
MGF	0.49	(0.03)	0.00	0.49	0.00	0.00	0.98	(0.99)	3.30
GNT	1.04	0.19	0.11	0.38	1.35	(1.13)	2.06	(2.35)	7.21
PFO	0.41	(0.07)	0.00	(0.13)	0.00	0.00	0.75	(1.14)	2.81
MHF	0.73	(0.13)	0.00	(0.43)	0.00	0.00	1.26	(1.94)	4.40
JHI	0.39	(0.05)	0.00	(0.10)	0.00	0.00	0.88	(0.68)	2.84
GLU	0.45	0.07	0.04	0.28	0.61	(0.46)	0.91	(0.88)	3.29
BTA	0.44	(0.05)	0.00	(0.12)	0.00	0.00	0.84	(1.06)	3.54

MFS High Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile

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