MFS Investment Correlations

CXH Stock

USD 7.97 0.03 0.38%

The current 90-days correlation between MFS Investment Grade and Gaming Realms plc is 0.09 (i.e., Significant diversification). The correlation of MFS Investment 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 Investment Correlation With Market

Average diversification

The correlation between MFS Investment Grade and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Investment Grade 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 Investment Grade. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

Moving together with MFS Stock

0.65	ACQ	Acorn Capital Investment	Pair Corr
0.61	BKN	BlackRock Investment	Pair Corr
0.67	VFL	Delaware Investments	Pair Corr
0.64	BIOG	Biotech Growth	Pair Corr
0.71	LWI	Lowland Investment Earnings Call This Week	Pair Corr
0.77	ATT	Allianz Technology Trust	Pair Corr
0.68	JFJ	JPMorgan Japanese	Pair Corr
0.61	INFOMEDIA	Infomedia Press	Pair Corr
0.72	OIT	Odyssean Investment Trust	Pair Corr
0.61	MNKS	Monks Investment Trust	Pair Corr
0.71	FCIT	FC Investment Trust	Pair Corr
0.76	TMPL	Temple Bar Investment	Pair Corr

Moving against MFS Stock

0.77	LIT	Litigation Capital	Pair Corr
0.55	ICG	Intermediate Capital	Pair Corr
0.53	PRIM	Primorus Investments plc	Pair Corr
0.46	VRTS	Virtus Investment	Pair Corr
0.31	LIO	Liontrust Asset Mana	Pair Corr
0.83	TAVI	Tavistock Investments Plc	Pair Corr
0.58	LTI	Lindsell Train Investment Earnings Call This Week	Pair Corr
0.56	MAM	Microequities Asset	Pair Corr
0.48	AIQ	Alternative Investment	Pair Corr
0.42	PNNT	PennantPark Investment	Pair Corr
0.41	LIV	Livermore Investments	Pair Corr
0.38	RECI	Real Estate Credit	Pair Corr
0.35	NRUC	National Rural Utilities	Pair Corr
0.33	OCI	Oakley Capital Inves	Pair Corr

Related Correlations Analysis

	PSDMF	CRSR	HG	SAFT	SBIGY	SKWD	KSMRF	UVE
PSDMF		-0.21	0.21	0.0	0.22	0.14	0.0	0.31	PSDMF
CRSR	-0.21		-0.8	-0.64	-0.65	-0.14	0.0	-0.86	CRSR
HG	0.21	-0.8		0.78	0.48	0.35	0.0	0.69	HG
SAFT	0.0	-0.64	0.78		0.34	0.42	0.0	0.39	SAFT
SBIGY	0.22	-0.65	0.48	0.34		-0.19	0.0	0.81	SBIGY
SKWD	0.14	-0.14	0.35	0.42	-0.19		0.0	0.02	SKWD
KSMRF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	KSMRF
UVE	0.31	-0.86	0.69	0.39	0.81	0.02	0.0		UVE
	PSDMF	CRSR	HG	SAFT	SBIGY	SKWD	KSMRF	UVE

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

UVE	+ 0.81	SBIGY
SAFT	+ 0.78	HG
UVE	+ 0.69	HG
SBIGY	+ 0.48	HG
SKWD	+ 0.42	SAFT
UVE	+ 0.39	SAFT

High negative correlations

UVE	- 0.86	CRSR
HG	- 0.8	CRSR
SBIGY	- 0.65	CRSR
SAFT	- 0.64	CRSR
CRSR	- 0.21	PSDMF
SKWD	- 0.19	SBIGY

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Investment 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 Investment'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
PSDMF	0.26	0.00	0.00	0.07	0.00	0.00	0.00	0.00	8.33
CRSR	2.73	(0.64)	0.00	(0.20)	0.00	0.00	4.48	(7.03)	21.94
HG	1.37	0.17	0.12	0.22	1.20	(1.72)	2.93	(2.37)	12.15
SAFT	0.97	0.05	0.01	0.18	0.94	(1.21)	2.22	(1.45)	5.24
SBIGY	0.45	0.21	0.00	1.65	0.00	0.00	0.00	0.00	8.28
SKWD	1.60	(0.06)	(0.02)	0.00	2.49	(1.64)	2.97	(3.46)	14.00
KSMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UVE	1.72	0.42	0.26	0.35	1.31	(2.11)	4.40	(2.22)	14.84

MFS Investment 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
Maryanne Roepke	Independent Trustee	Profile

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