Mfs Mid Correlations

MVCAX Fund

USD 31.89 0.16 0.50%

The current 90-days correlation between Mfs Mid Cap and SCOR PK is 0.22 (i.e., Modest diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Average diversification

The correlation between Mfs Mid Cap and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap and NYA 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 Mid Cap. 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 nation.

Moving together with Mfs Mutual Fund

0.91	FPPJX	Mfs Prudent Investor	Pair Corr
0.91	FPPQX	Mfs Prudent Investor	Pair Corr
0.92	FPPRX	Mfs Prudent Investor	Pair Corr
0.91	FPPSX	Mfs Prudent Investor	Pair Corr
0.9	FPPUX	Mfs Prudent Investor	Pair Corr
0.9	FPPVX	Mfs Prudent Investor	Pair Corr
0.85	LFTFX	Mfs Lifetime 2065	Pair Corr
0.85	LFTJX	Mfs Lifetime 2065	Pair Corr
0.85	LFTGX	Mfs Lifetime 2065	Pair Corr
0.84	LFTHX	Mfs Lifetime 2065	Pair Corr
0.94	LFTMX	Mfs Lifetime 2065	Pair Corr
0.94	LFTNX	Mfs Lifetime 2065	Pair Corr
0.94	LFTKX	Mfs Lifetime 2065	Pair Corr
0.94	LFTLX	Mfs Lifetime 2065	Pair Corr
0.65	UIVIX	Mfs Intrinsic Value	Pair Corr
0.77	UIVPX	Mfs Intrinsic Value	Pair Corr
0.77	UIVQX	Mfs Intrinsic Value	Pair Corr
0.76	UIVNX	Mfs Intrinsic Value	Pair Corr
0.62	UIVMX	Mfs Intrinsic Value	Pair Corr
0.77	UIVRX	Mfs Intrinsic Value	Pair Corr
0.7	OTCHX	Mfs Mid Cap	Pair Corr
0.71	OTCIX	Mfs Mid Cap	Pair Corr
0.71	OTCJX	Mfs Mid Cap	Pair Corr
0.71	OTCKX	Mfs Mid Cap	Pair Corr
0.85	MKVBX	Mfs International Large	Pair Corr
0.69	OTCGX	Mfs Mid Cap	Pair Corr
0.85	MKVGX	Mfs International Large	Pair Corr
0.85	MKVFX	Mfs International Large	Pair Corr
0.8	MKVDX	Mfs International Large	Pair Corr
0.85	MKVIX	Mfs International Large	Pair Corr
0.85	MKVHX	Mfs Series Trust	Pair Corr
0.7	BRKBX	Mfs Blended Research	Pair Corr
0.71	BRKCX	Mfs Blended Research	Pair Corr
0.7	BRKAX	Mfs Blended Research	Pair Corr
0.7	OTCAX	Mfs Mid Cap	Pair Corr
0.69	OTCBX	Mfs Mid Cap	Pair Corr
0.69	OTCCX	Mfs Mid Cap	Pair Corr
0.62	EMLAX	Mfs Emerging Markets	Pair Corr
0.7	BRKUX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	SCRYY	MSTSX	VIASP	KNF	70082LAB3	AMPL	FPCG	JMCVX	KMX
SCRYY		0.02	-0.25	0.52	0.29	0.27	0.0	0.37	0.39	SCRYY
MSTSX	0.02		0.74	-0.45	-0.01	0.16	0.0	0.74	0.04	MSTSX
VIASP	-0.25	0.74		-0.73	0.02	-0.05	0.0	0.4	-0.32	VIASP
KNF	0.52	-0.45	-0.73		0.17	-0.16	0.0	-0.04	0.43	KNF
70082LAB3	0.29	-0.01	0.02	0.17		-0.3	0.0	0.03	-0.27	70082LAB3
AMPL	0.27	0.16	-0.05	-0.16	-0.3		0.0	0.17	0.36	AMPL
FPCG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FPCG
JMCVX	0.37	0.74	0.4	-0.04	0.03	0.17	0.0		0.55	JMCVX
KMX	0.39	0.04	-0.32	0.43	-0.27	0.36	0.0	0.55		KMX
	SCRYY	MSTSX	VIASP	KNF	70082LAB3	AMPL	FPCG	JMCVX	KMX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VIASP	+ 0.74	MSTSX
JMCVX	+ 0.74	MSTSX
KMX	+ 0.55	JMCVX
KNF	+ 0.52	SCRYY
KMX	+ 0.43	KNF
JMCVX	+ 0.4	VIASP

High negative correlations

KNF	- 0.73	VIASP
KNF	- 0.45	MSTSX
KMX	- 0.32	VIASP
AMPL	- 0.3	70082LAB3
KMX	- 0.27	70082LAB3
VIASP	- 0.25	SCRYY

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
SCRYY	2.35	(0.04)	0.00	(0.06)	0.00	0.00	4.44	(6.08)	16.06
MSTSX	0.47	0.01	0.03	(0.47)	0.73	(0.44)	0.92	(1.29)	3.08
VIASP	1.32	0.33	0.15	0.22	1.78	(1.38)	3.96	(2.61)	13.41
KNF	1.41	(0.11)	0.00	(0.09)	0.00	0.00	2.47	(2.91)	8.13
70082LAB3	1.25	(0.17)	0.00	(2.35)	0.00	0.00	1.55	(1.45)	29.63
AMPL	6.50	(0.21)	0.00	0.12	0.00	0.00	16.83	(12.30)	43.93
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JMCVX	0.58	(0.02)	0.00	(0.09)	0.00	0.00	0.99	(1.19)	3.23
KMX	1.54	(0.20)	0.00	(0.12)	0.00	0.00	2.76	(3.08)	13.28

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC