Massachusetts Investors Correlations

MITGX Fund  USD 37.54  0.07  0.19%   
The current 90-days correlation between Massachusetts Investors and Mfs Prudent Investor is 0.36 (i.e., Weak diversification). The correlation of Massachusetts Investors 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.

Massachusetts Investors Correlation With Market

Significant diversification

The correlation between Massachusetts Investors Trust and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Trust and DJI 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 Massachusetts Investors Trust. 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 price.

Moving together with Massachusetts Mutual Fund

  0.79LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.76LFTGX Mfs Lifetime 2065PairCorr
  0.79LFTHX Mfs Lifetime 2065PairCorr
  0.79LFTMX Mfs Lifetime 2065PairCorr
  0.79LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.78LFTLX Mfs Lifetime 2065PairCorr
  0.69HYPPX Mfs High YieldPairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.88UIVPX Mfs Intrinsic ValuePairCorr
  0.88UIVQX Mfs Intrinsic ValuePairCorr
  0.88UIVNX Mfs Intrinsic ValuePairCorr
  0.88UIVMX Mfs Intrinsic ValuePairCorr
  0.88UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.78OTCHX Mfs Mid CapPairCorr
  0.81OTCIX Mfs Mid CapPairCorr
  0.71OTCJX Mfs Mid CapPairCorr
  0.72OTCKX Mfs Mid CapPairCorr
  0.69OTCAX Mfs Mid CapPairCorr

Moving against Massachusetts Mutual Fund

  0.7MKVCX Mfs International LargePairCorr
  0.7MKVDX Mfs International LargePairCorr
  0.69MKVEX Mfs International LargePairCorr
  0.68MKVBX Mfs International LargePairCorr
  0.68MKVGX Mfs International LargePairCorr
  0.68MKVFX Mfs International LargePairCorr
  0.8EMLBX Mfs Emerging MarketsPairCorr
  0.79EMLAX Mfs Emerging MarketsPairCorr
  0.79EMLNX Mfs Emerging MarketsPairCorr
  0.68MKVIX Mfs International LargePairCorr
  0.68MKVHX Mfs Series TrustPairCorr
  0.49BRKBX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Massachusetts Mutual Fund performing well and Massachusetts Investors 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 Massachusetts Investors' 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  0.28  0.00 (0.13) 0.11  0.34 
 0.58 
 1.82 
FPPQX  0.28  0.00 (0.13) 0.09  0.35 
 0.58 
 1.74 
FPPRX  0.28  0.00 (0.15)(0.05) 0.35 
 0.59 
 1.85 
FPPSX  0.28  0.00 (0.13) 0.09  0.36 
 0.58 
 1.83 
FPPUX  0.28  0.00 (0.14) 0.15  0.34 
 0.58 
 1.82 
FPPVX  0.27  0.00 (0.14) 0.12  0.34 
 0.51 
 1.82 
LFTFX  0.40 (0.01)(0.06) 0.04  0.41 
 0.87 
 2.82 
LFTJX  0.40 (0.01)(0.07) 0.03  0.42 
 0.87 
 2.93 
LFTGX  0.39 (0.01)(0.07) 0.03  0.41 
 0.87 
 2.84 
LFTHX  0.40 (0.01)(0.07) 0.04  0.42 
 0.86 
 2.80