Mfs Prudent Correlations
| FPPQX Fund | USD 12.24 0.00 0.00% |
The correlation of Mfs Prudent 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 |
Moving together with Mfs Mutual Fund
| 1.0 | FPPJX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPRX | Mfs Prudent Investor | PairCorr |
| 1.0 | FPPSX | Mfs Prudent Investor | PairCorr |
Related Correlations Analysis
| 0.93 | 0.9 | 0.94 | 0.95 | MSTGX | ||
| 0.93 | 0.86 | 0.82 | 0.89 | LFLCX | ||
| 0.9 | 0.86 | 0.75 | 0.87 | HRLAX | ||
| 0.94 | 0.82 | 0.75 | 0.88 | GLBLX | ||
| 0.95 | 0.89 | 0.87 | 0.88 | CVLOX | ||
Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Prudent 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 Prudent'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSTGX | 0.26 | 0.07 | (0.11) | (3.34) | 0.16 | 0.61 | 1.56 | |||
| LFLCX | 0.20 | 0.03 | (0.31) | 7.06 | 0.05 | 0.43 | 0.87 | |||
| HRLAX | 0.30 | 0.06 | (0.11) | 0.82 | 0.15 | 0.76 | 1.63 | |||
| GLBLX | 0.32 | 0.08 | (0.07) | (1.55) | 0.22 | 0.84 | 1.58 | |||
| CVLOX | 0.43 | 0.12 | (0.02) | (0.65) | 0.36 | 1.19 | 2.90 |