Mfs Prudent Correlations
| FPPVX Fund | USD 12.25 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 |
Related Correlations Analysis
| 0.17 | 0.27 | 0.37 | 0.46 | 0.34 | CCD | ||
| 0.17 | 0.97 | 0.93 | 0.85 | 0.9 | GCV | ||
| 0.27 | 0.97 | 0.94 | 0.84 | 0.93 | LCFYX | ||
| 0.37 | 0.93 | 0.94 | 0.95 | 0.91 | ARBOX | ||
| 0.46 | 0.85 | 0.84 | 0.95 | 0.77 | FSAWX | ||
| 0.34 | 0.9 | 0.93 | 0.91 | 0.77 | XAVKX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCD | 0.52 | (0.13) | 0.00 | (0.32) | 0.00 | 0.83 | 2.79 | |||
| GCV | 0.58 | 0.12 | 0.10 | 0.32 | 0.54 | 1.54 | 3.66 | |||
| LCFYX | 0.37 | 0.06 | 0.03 | 0.21 | 0.30 | 0.89 | 2.14 | |||
| ARBOX | 0.05 | 0.01 | (0.61) | 1.79 | 0.00 | 0.17 | 0.26 | |||
| FSAWX | 0.08 | 0.01 | (0.52) | 3.13 | 0.00 | 0.18 | 0.37 | |||
| XAVKX | 0.43 | 0.06 | (0.02) | (0.95) | 0.57 | 0.95 | 3.28 |