MFS Active Correlations

Etfs . USA . 
Etf . MFS Active Value
MFSV Etf   25.37  0.01  0.04%   
The current 90-days correlation between MFS Active Value and Vanguard Total Stock is 0.5 (i.e., Very weak diversification). The correlation of MFS Active 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 Active Correlation With Market

Almost no diversification

The correlation between MFS Active Value and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Active Value and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with MFS Etf
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Active Value. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with MFS Etf

  0.61GBTC Grayscale Bitcoin TrustPairCorr
  0.61BITO ProShares BitcoinPairCorr
  0.88AA Alcoa Corp Earnings Call Next WeekPairCorr
  0.96BAC Bank of America Earnings Call Next WeekPairCorr
  0.95CAT CaterpillarPairCorr
  0.92MSFT MicrosoftPairCorr
  0.76TRV The Travelers CompaniesPairCorr
  0.7INTC Intel Aggressive PushPairCorr
  0.93DD Dupont De NemoursPairCorr
  0.93BA Boeing Sell-off TrendPairCorr
  0.78T ATT IncPairCorr
  0.78HD Home Depot Sell-off TrendPairCorr
  0.82PFE Pfizer Inc Aggressive PushPairCorr
  0.92CSCO Cisco SystemsPairCorr

Moving against MFS Etf

  0.32MCD McDonaldsPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

MFS Active Constituents Risk-Adjusted Indicators

There is a big difference between MFS Etf performing well and MFS Active ETF 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 Active'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
VTI  0.78  0.19  0.11  0.56  0.97 
(0.84)
 2.06 
(1.74)
 5.09 
SPY  0.79  0.17  0.10  0.53  1.02 
(0.82)
 2.08 
(1.68)
 4.99 
IVV  0.76  0.20  0.12  0.62  0.88 
(0.80)
 2.05 
(1.66)
 4.98 
BND  0.27  0.01 (0.19) 0.23  0.31 
(0.28)
 0.54 
(0.55)
 1.20 
VTV  0.66  0.12  0.07  0.47  0.75 
(0.70)
 1.49 
(1.15)
 4.05 
VUG  0.95  0.26  0.16  0.69  1.03 
(1.09)
 2.51 
(1.49)
 5.66 
VO  0.72  0.20  0.14  0.66  0.77 
(0.81)
 1.69 
(1.19)
 4.85 
VEA  0.60  0.24  0.22  1.78  0.39 
(0.71)
 1.39 
(1.21)
 4.01 
VB  0.90  0.19  0.11  0.59  1.09 
(1.03)
 2.32 
(1.62)
 6.49 
VWO  0.64  0.24  0.22  1.49  0.42 
(0.73)
 2.17 
(1.23)
 4.26 

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