Mfs Strategic Correlations

MFIOX Fund

USD 5.98 0.01 0.17%

The current 90-days correlation between Mfs Strategic Income and T Rowe Price is 0.25 (i.e., Modest diversification). The correlation of Mfs Strategic 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 Strategic Correlation With Market

Poor diversification

The correlation between Mfs Strategic Income and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Strategic Income 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 Strategic Income. 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 state.

Moving together with Mfs Mutual Fund

0.76	LFTFX	Mfs Lifetime 2065	Pair Corr
0.76	LFTJX	Mfs Lifetime 2065	Pair Corr
0.76	LFTGX	Mfs Lifetime 2065	Pair Corr
0.76	LFTMX	Mfs Lifetime 2065	Pair Corr
0.76	LFTNX	Mfs Lifetime 2065	Pair Corr
0.76	LFTKX	Mfs Lifetime 2065	Pair Corr
0.64	OTCHX	Mfs Mid Cap	Pair Corr
0.64	OTCJX	Mfs Mid Cap	Pair Corr
0.64	OTCKX	Mfs Mid Cap	Pair Corr
0.73	MKVEX	Mfs International Large	Pair Corr
0.63	OTCAX	Mfs Mid Cap	Pair Corr
0.61	OTCCX	Mfs Mid Cap	Pair Corr
0.82	DIFGX	Mfs Diversified Income	Pair Corr
0.82	DIFAX	Mfs Diversified Income	Pair Corr
0.73	BRSYX	Mfs Blended Research	Pair Corr
0.72	BRXRX	Mfs Blended Research	Pair Corr
0.72	BRXAX	Mfs Blended Research	Pair Corr
0.77	MLLCX	Mfs Lifetime Retirement	Pair Corr
0.73	MLTJX	Mfs Lifetime 2030	Pair Corr
0.81	MMACX	Mfs Moderate Allocation	Pair Corr
0.63	MMIIX	Mfs Municipal High	Pair Corr
0.61	MMHYX	Mfs Municipal High	Pair Corr
0.76	MNDAX	Mfs New Discovery	Pair Corr
0.78	MNWCX	Mfs Managed Wealth	Pair Corr
0.78	MNWAX	Mfs Managed Wealth	Pair Corr
0.63	MPNCX	Mfs North Carolina	Pair Corr
0.73	MQGIX	Mfs International Growth	Pair Corr
0.84	MQLCX	Mfs Limited Maturity	Pair Corr
0.97	MRBFX	Mfs Total Return	Pair Corr
0.71	MRGKX	Mfs E Equity	Pair Corr
0.71	MRGAX	Mfs E Equity	Pair Corr
0.71	MRIBX	Mfs Research Interna	Pair Corr
0.71	MRSAX	Mfs Research Interna	Pair Corr
0.71	MRSIX	Mfs Research Interna	Pair Corr

Related Correlations Analysis

	JGH	TEI	NPCT	DBL	ERC	EDIIX	BRW	NCA	RFI	TRFFX
JGH		0.68	-0.02	0.17	0.66	0.7	-0.37	0.75	0.35	0.78	JGH
TEI	0.68		-0.56	0.19	0.78	0.96	-0.63	0.57	-0.28	0.93	TEI
NPCT	-0.02	-0.56		0.01	-0.13	-0.47	0.56	0.01	0.79	-0.35	NPCT
DBL	0.17	0.19	0.01		0.16	0.26	0.14	-0.04	0.15	0.29	DBL
ERC	0.66	0.78	-0.13	0.16		0.82	-0.42	0.55	0.0	0.87	ERC
EDIIX	0.7	0.96	-0.47	0.26	0.82		-0.62	0.58	-0.2	0.98	EDIIX
BRW	-0.37	-0.63	0.56	0.14	-0.42	-0.62		-0.53	0.4	-0.52	BRW
NCA	0.75	0.57	0.01	-0.04	0.55	0.58	-0.53		0.32	0.6	NCA
RFI	0.35	-0.28	0.79	0.15	0.0	-0.2	0.4	0.32		-0.07	RFI
TRFFX	0.78	0.93	-0.35	0.29	0.87	0.98	-0.52	0.6	-0.07		TRFFX
	JGH	TEI	NPCT	DBL	ERC	EDIIX	BRW	NCA	RFI	TRFFX

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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

TRFFX	+ 0.98	EDIIX
EDIIX	+ 0.96	TEI
TRFFX	+ 0.93	TEI
TRFFX	+ 0.87	ERC
EDIIX	+ 0.82	ERC
RFI	+ 0.79	NPCT

High negative correlations

BRW	- 0.63	TEI
BRW	- 0.62	EDIIX
NPCT	- 0.56	TEI
NCA	- 0.53	BRW
TRFFX	- 0.52	BRW
EDIIX	- 0.47	NPCT

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Strategic 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 Strategic'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
JGH	0.33	0.01	(0.04)	0.07	0.33	(0.39)	0.80	(0.64)	1.94
TEI	0.64	0.16	0.16	0.46	0.54	(0.75)	1.36	(1.21)	5.04
NPCT	0.34	(0.02)	0.00	(0.05)	0.00	0.00	0.77	(0.77)	1.74
DBL	0.32	(0.02)	0.00	(0.13)	0.00	0.00	0.60	(0.53)	2.05
ERC	0.35	0.02	0.00	0.11	0.35	(0.42)	0.76	(0.65)	2.38
EDIIX	0.39	0.05	0.06	0.13	0.41	(0.42)	0.87	(0.87)	2.28
BRW	0.44	(0.09)	0.00	(0.34)	0.00	0.00	0.85	(0.98)	2.30
NCA	0.55	0.13	0.12	(0.69)	0.48	(0.70)	1.57	(0.98)	5.74
RFI	0.58	(0.07)	0.00	(0.16)	0.00	0.00	0.99	(1.17)	2.61
TRFFX	0.50	0.03	0.03	0.08	0.62	(0.51)	1.09	(1.13)	2.73

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