Mfs Moderate Correlations

Mutual Funds . USA . 
Fund . Mfs Moderate Allocation
MAMJX Fund  USD 21.28  0.08  0.38%   
The current 90-days correlation between Mfs Moderate Allocation and Mfs Lifetime 2065 is 0.97 (i.e., Almost no diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Very poor diversification

The correlation between Mfs Moderate Allocation and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Moderate Allocation. 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 bureau of economic analysis.

Moving together with Mfs Mutual Fund

  0.98LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTKX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.68HYPPX Mfs High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Moderate 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 Moderate'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LFTFX  0.50 (0.03)(0.06) 0.02  0.68 
(0.48)
 0.98 
(1.09)
 2.76 
LFTJX  0.49 (0.04)(0.06) 0.01  0.68 
(0.47)
 0.97 
(1.09)
 2.77 
LFTGX  0.48 (0.03)(0.07) 0.01  0.68 
(0.46)
 0.99 
(1.10)
 2.69 
LFTHX  0.49 (0.03)(0.06) 0.02  0.69 
(0.47)
 0.97 
(1.08)
 2.74 
LFTMX  0.49 (0.03)(0.06) 0.02  0.69 
(0.48)
 0.98 
(1.08)
 2.74 
LFTNX  0.50 (0.03)(0.06) 0.02  0.68 
(0.48)
 0.97 
(1.08)
 2.74 
LFTKX  0.50 (0.03)(0.06) 0.01  0.67 
(0.49)
 0.98 
(1.09)
 2.76 
LFTLX  0.50 (0.03)(0.06) 0.01  0.68 
(0.48)
 0.98 
(1.09)
 2.76 
HYPPX  0.15  0.00 (0.24) 0.04  0.07 
(0.26)
 0.36 
(0.24)
 1.08 
UIVIX  0.70 (0.06) 0.00 (0.46) 0.00 
 0.00 
 1.06 
(1.38)
 8.32 

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