Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFHX Fund  USD 12.10  0.14  1.14%   
The current 90-days correlation between Mfs Diversified Income and Mfs Prudent Investor is 0.36 (i.e., Weak diversification). The correlation of Mfs Diversified 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 Diversified Correlation With Market

Weak diversification

The correlation between Mfs Diversified Income and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Diversified Income. 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 rate.

Moving together with Mfs Mutual Fund

  0.7FPPJX Mfs Prudent InvestorPairCorr
  0.7FPPQX Mfs Prudent InvestorPairCorr
  0.71FPPRX Mfs Prudent InvestorPairCorr
  0.71FPPSX Mfs Prudent InvestorPairCorr
  0.7FPPUX Mfs Prudent InvestorPairCorr
  0.7FPPVX Mfs Prudent InvestorPairCorr
  0.74MKVCX Mfs International LargePairCorr
  0.74MKVGX Mfs International LargePairCorr
  0.74MKVFX Mfs International LargePairCorr
  0.74MKVEX Mfs International LargePairCorr
  0.74MKVDX Mfs International LargePairCorr
  0.74MKVIX Mfs International LargePairCorr
  0.74MKVHX Mfs Series TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Diversified 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 Diversified'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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