Mfs Blended Correlations

Mutual Funds . USA . 
Fund . Mfs Blended Research
BRKTX Fund  USD 13.75  0.16  1.15%   
The current 90-days correlation between Mfs Blended Research and Mfs Prudent Investor is 0.12 (i.e., Average diversification). The correlation of Mfs Blended 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 Blended Correlation With Market

Weak diversification

The correlation between Mfs Blended Research and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Blended Research and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mfs Blended Research. 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 estimate.

Moving together with Mfs Mutual Fund

  0.61FPPJX Mfs Prudent InvestorPairCorr
  0.61FPPQX Mfs Prudent InvestorPairCorr
  0.62FPPRX Mfs Prudent InvestorPairCorr
  0.61FPPSX Mfs Prudent InvestorPairCorr
  0.61FPPVX Mfs Prudent InvestorPairCorr
  0.75MKVCX Mfs International LargePairCorr
  0.74MKVGX Mfs International LargePairCorr
  0.74MKVFX Mfs International LargePairCorr
  0.75MKVDX Mfs International LargePairCorr
  0.74MKVHX Mfs Series TrustPairCorr
  1.0BRKBX Mfs Blended ResearchPairCorr
  1.0BRKCX Mfs Blended ResearchPairCorr
  1.0BRKAX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.43UIVVX Mfs Intrinsic ValuePairCorr
  0.36OTCJX Mfs Mid CapPairCorr
  0.34OTCHX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Blended 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 Blended'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
FPPJX  0.33 (0.06) 0.00 (0.22) 0.00 
 0.00 
 0.58 
(0.75)
 1.82 
FPPQX  0.33 (0.05) 0.00 (0.22) 0.00 
 0.00 
 0.58 
(0.75)
 1.74 
FPPRX  0.31 (0.04) 0.00 (0.22) 0.00 
 0.00 
 0.59 
(0.76)
 1.85 
FPPSX  0.33 (0.05) 0.00 (0.22) 0.00 
 0.00 
 0.58 
(0.75)
 1.83 
FPPUX  0.33 (0.05) 0.00 (0.22) 0.00 
 0.00 
 0.58 
(0.75)
 1.82 
FPPVX  0.32 (0.06) 0.00 (0.21) 0.00 
 0.00 
 0.51 
(0.66)
 1.82 
LFTFX  0.43 (0.03) 0.00 (0.03) 0.00 
 0.00 
 0.87 
(0.85)
 2.82 
LFTJX  0.43 (0.03) 0.00 (0.03) 0.00 
 0.00 
 0.87 
(0.76)
 2.93 
LFTGX  0.42 (0.03) 0.00 (0.03) 0.00 
 0.00 
 0.87 
(0.76)
 2.84 
LFTHX  0.43 (0.03) 0.00 (0.03) 0.00 
 0.00 
 0.86 
(0.85)
 2.80 

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