Mfs Strategic Correlations

MFIOX Fund

USD 6.03 0.01 0.17%

The current 90-days correlation between Mfs Strategic Income and Gamco International Growth is 0.26 (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

Modest diversification

The correlation between Mfs Strategic Income and DJI is 0.25 (i.e., Modest 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 producer price index.

Moving together with MFS Mutual Fund

0.62	LFTNX	Mfs Lifetime 2065	Pair Corr
0.66	MKVCX	Mfs International Large	Pair Corr
0.72	MKVGX	Mfs International Large	Pair Corr
0.72	MKVFX	Mfs International Large	Pair Corr
0.66	MKVEX	Mfs International Large	Pair Corr
0.66	MKVDX	Mfs International Large	Pair Corr
0.72	MKVIX	Mfs International Large	Pair Corr
0.72	MKVHX	Mfs Series Trust	Pair Corr
0.78	BRKBX	Mfs Blended Research	Pair Corr
0.83	BRKCX	Mfs Blended Research	Pair Corr
0.83	BRKAX	Mfs Blended Research	Pair Corr
0.66	EMLBX	Mfs Emerging Markets	Pair Corr
0.88	BRKUX	Mfs Blended Research	Pair Corr
0.83	BRKVX	Mfs Blended Research	Pair Corr
0.88	BRKRX	Mfs Blended Research	Pair Corr
0.88	BRKSX	Mfs Blended Research	Pair Corr
0.83	BRKTX	Mfs Blended Research	Pair Corr

Moving against MFS Mutual Fund

0.33	OTCGX	Mfs Mid Cap	Pair Corr
0.32	OTCHX	Mfs Mid Cap	Pair Corr
0.32	OTCIX	Mfs Mid Cap	Pair Corr
0.32	OTCJX	Mfs Mid Cap	Pair Corr
0.32	OTCCX	Mfs Mid Cap	Pair Corr
0.31	OTCBX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	GCIGX	RPNCX	LLLRX	SCGCX	EIPIX	TFAGX
GCIGX		0.74	0.83	0.84	0.45	0.81	GCIGX
RPNCX	0.74		0.87	0.88	0.18	0.86	RPNCX
LLLRX	0.83	0.87		1.0	0.43	0.92	LLLRX
SCGCX	0.84	0.88	1.0		0.43	0.92	SCGCX
EIPIX	0.45	0.18	0.43	0.43		0.24	EIPIX
TFAGX	0.81	0.86	0.92	0.92	0.24		TFAGX
	GCIGX	RPNCX	LLLRX	SCGCX	EIPIX	TFAGX

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
GCIGX	0.72	0.03	0.02	0.09	0.89	(0.72)	1.36	(1.61)	3.99
RPNCX	1.19	0.01	0.02	0.06	1.58	(1.25)	2.46	(2.28)	8.43
LLLRX	0.52	0.01	0.00	0.07	0.78	(0.49)	1.02	(1.23)	3.28
SCGCX	0.44	0.01	(0.01)	0.07	0.63	(0.43)	0.87	(1.06)	2.82
EIPIX	0.44	0.03	(0.02)	0.14	0.44	(0.47)	0.91	(0.75)	2.20
TFAGX	0.88	0.03	0.03	0.08	1.26	(0.84)	1.65	(2.44)	5.01

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