Correlation Analysis Between MFS Blended and American Funds

This module allows you to analyze existing cross correlation between MFS Blended Research Global Equ and American Funds Capital World. You can compare the effects of market volatilities on MFS Blended and American Funds and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in MFS Blended with a short position of American Funds. See also your portfolio center. Please also check ongoing floating volatility patterns of MFS Blended and American Funds.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

MFS Blended Research  
00

Risk-Adjusted Fund Performance

Over the last 30 days MFS Blended Research Global Equ has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, MFS Blended is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
American Funds Capital  
66

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in American Funds Capital World are ranked lower than 6 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, American Funds is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

MFS Blended and American Funds Volatility Contrast

MFS Blended Research Global Eq  vs.  American Funds Capital World

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  4,720  in American Funds Capital World on October 18, 2019 and sell it today you would earn a total of  298.00  from holding American Funds Capital World or generate 6.31% return on investment over 30 days.

Pair Corralation between MFS Blended and American Funds

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for MFS Blended and American Funds

MFS Blended Research Global Eq diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding MFS Blended Research Global Eq and American Funds Capital World in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Funds Capital and MFS Blended is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on MFS Blended Research Global Equ are associated (or correlated) with American Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Funds Capital has no effect on the direction of MFS Blended i.e. MFS Blended and American Funds go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.


 
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