Correlation Analysis Between MFS Blended and Capital World

This module allows you to analyze existing cross correlation between MFS Blended Research Global Equ and Capital World Growth And Income. You can compare the effects of market volatilities on MFS Blended and Capital World 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 Capital World. See also your portfolio center. Please also check ongoing floating volatility patterns of MFS Blended and Capital World.
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.
Capital World Growth  
1111

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Capital World Growth And Income are ranked lower than 11 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly weak basic indicators, Capital World may actually be approaching a critical reversion point that can send shares even higher in December 2019.

MFS Blended and Capital World Volatility Contrast

MFS Blended Research Global Eq  vs.  Capital World Growth And Incom

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  4,640  in Capital World Growth And Income on October 13, 2019 and sell it today you would earn a total of  351.00  from holding Capital World Growth And Income or generate 7.56% return on investment over 30 days.

Pair Corralation between MFS Blended and Capital World

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

Diversification Opportunities for MFS Blended and Capital World

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 Capital World Growth And Incom in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Capital World Growth 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 Capital World. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Capital World Growth has no effect on the direction of MFS Blended i.e. MFS Blended and Capital World go up and down completely randomly.
See also your portfolio center. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.


 
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