MFS MID Correlations

MVCKX Fund

USD 31.99 -0.28 -0.87%

Current 90-days correlation between Mfs Mid Cap and Janus Trarian Fund is 0.47 (i.e., Very weak diversification).Investors use MFS MID's correlation data to evaluate hedging opportunities. A negative correlation with another asset means the two positions can offset each other's risk during periods of market stress.

Correlation Against Market - MFS MID

Poor diversification

Across the chosen horizon, MVCKX and DJI show a correlation of 0.75 and fall into the Poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

MFS MID has P/E of 2.56. Review Correlation Analysis for broader portfolio context. This reflects a position in Mfs Mid Cap across the 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 industry.

Moving together with MFS Mutual Fund

0.85	LFTFX	Mfs Lifetime 2065	Pair Corr
0.87	LFTJX	Mfs Lifetime 2065	Pair Corr
0.87	LFTGX	Mfs Lifetime 2065	Pair Corr
0.92	MKVGX	Mfs International Large	Pair Corr
0.92	MKVHX	Mfs Series Trust	Pair Corr
0.91	BRKBX	Mfs Blended Research	Pair Corr
0.91	BRKAX	Mfs Blended Research	Pair Corr
0.91	EMLAX	Mfs Emerging Markets	Pair Corr
0.89	EMLNX	Mfs Emerging Markets	Pair Corr
0.95	DIFIX	Mfs Diversified Income	Pair Corr
0.89	EMLMX	Mfs Emerging Markets	Pair Corr
0.89	EMLLX	Mfs Emerging Markets	Pair Corr
0.96	DIFHX	Mfs Diversified Income	Pair Corr
0.89	EMLKX	Mfs Emerging Markets	Pair Corr
0.94	DIFGX	Mfs Diversified Income	Pair Corr
0.95	DIFEX	Mfs Diversified Income	Pair Corr
0.93	DIFCX	Mfs Diversified Income	Pair Corr
0.93	DIFAX	Mfs Diversified Income	Pair Corr
0.89	EMLCX	Mfs Emerging Markets	Pair Corr
0.86	BRSSX	Mfs Blended Research	Pair Corr
0.85	BRSPX	Mfs Blended Research	Pair Corr
0.85	BRSHX	Mfs Blended Research	Pair Corr
0.83	BRSDX	Mfs Blended Research	Pair Corr
0.97	BRUGX	Mfs Blended Research	Pair Corr
0.9	MLFBX	Mfs Lifetime 2040	Pair Corr
0.94	BRXRX	Mfs Blended Research	Pair Corr
0.82	MLFKX	Mfs Lifetime 2040	Pair Corr
0.94	BRXCX	Mfs Blended Research	Pair Corr
0.93	BRXAX	Mfs Blended Research	Pair Corr
0.95	MLTEX	Mfs Lifetime 2030	Pair Corr
0.93	MLVHX	Mfs Low Volatility	Pair Corr
0.93	MLVMX	Mfs Low Volatility	Pair Corr
0.93	MLVTX	Mfs Low Volatility	Pair Corr
0.92	MMACX	Mfs Moderate Allocation	Pair Corr

Moving against MFS Mutual Fund

0.61	BRWCX	Mfs Blended Research	Pair Corr
0.52	OTCBX	Mfs Mid Cap	Pair Corr
0.43	OTCIX	Mfs Mid Cap	Pair Corr
0.43	OTCKX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	JCNRX	JCNCX	JSCOX	JCNIX	JSCVX	JDSNX	JCNAX	JCNNX	JISCX	JCONX
JCNRX		1.0	-0.32	0.68	-0.25	-0.26	0.41	1.0	-0.32	0.68	JCNRX
JCNCX	1.0		-0.33	0.68	-0.25	-0.27	0.41	1.0	-0.33	0.68	JCNCX
JSCOX	-0.32	-0.33		-0.07	0.96	0.94	0.07	-0.3	1.0	-0.06	JSCOX
JCNIX	0.68	0.68	-0.07		-0.02	0.07	0.78	0.69	-0.07	1.0	JCNIX
JSCVX	-0.25	-0.25	0.96	-0.02		0.98	0.04	-0.23	0.96	-0.01	JSCVX
JDSNX	-0.26	-0.27	0.94	0.07	0.98		0.17	-0.24	0.94	0.08	JDSNX
JCNAX	0.41	0.41	0.07	0.78	0.04	0.17		0.42	0.07	0.78	JCNAX
JCNNX	1.0	1.0	-0.3	0.69	-0.23	-0.24	0.42		-0.3	0.69	JCNNX
JISCX	-0.32	-0.33	1.0	-0.07	0.96	0.94	0.07	-0.3		-0.06	JISCX
JCONX	0.68	0.68	-0.06	1.0	-0.01	0.08	0.78	0.69	-0.06		JCONX
	JCNRX	JCNCX	JSCOX	JCNIX	JSCVX	JDSNX	JCNAX	JCNNX	JISCX	JCONX

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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

JCNCX	+ 1.0	JCNRX
JCNNX	+ 1.0	JCNRX
JCNNX	+ 1.0	JCNCX
JISCX	+ 1.0	JSCOX
JCONX	+ 1.0	JCNIX
JDSNX	+ 0.98	JSCVX

High negative correlations

JISCX	- 0.33	JCNCX
JSCOX	- 0.33	JCNCX
JISCX	- 0.32	JCNRX
JSCOX	- 0.32	JCNRX
JISCX	- 0.3	JCNNX
JCNNX	- 0.3	JSCOX

Risk-Adjusted Indicators

There is a big difference between MFS Mutual Fund performing well and MFS MID 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 MID'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
JCNRX	0.99	-0.05	0.00	-0.05	0.00	0.00	1.80	-2.60	6.47
JCNCX	0.99	-0.05	0.00	-0.05	0.00	0.00	1.79	-2.63	6.46
JSCOX	0.70	0.06	0.08	-0.67	0.85	-0.74	1.51	-1.70	4.95
JCNIX	1.17	0.14	0.10	0.09	1.21	-1.33	1.96	-2.60	14.45
JSCVX	0.69	0.05	0.05	0.04	0.87	-0.74	1.51	-1.75	4.92
JDSNX	0.75	0.10	0.11	0.10	0.79	-0.85	1.91	-1.71	6.09
JCNAX	1.20	0.14	0.12	-0.29	1.20	-1.35	1.99	-2.61	14.46
JCNNX	0.99	-0.05	0.00	-0.05	0.00	0.00	1.82	-2.59	6.47
JISCX	0.70	0.05	0.07	-0.62	0.87	-0.75	1.53	-1.77	4.94
JCONX	1.18	0.14	0.10	0.09	1.24	-1.34	1.98	-2.61	14.33

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