Mfs Series Correlations

MSRXX Fund  USD 1.00  0.00  0.00%   
The correlation of Mfs Series 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Series Trust. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
VTSMXVTSAX
VSTSXVTSAX
VSMPXVTSAX
VFFSXVTSAX
VITSXVFIAX
VFINXVFIAX
  
High negative correlations   
VTIAXVITSX
VGTSXVITSX
VTIAXVSMPX
VGTSXVSMPX
VTIAXVSTSX
VGTSXVSTSX

Risk-Adjusted Indicators

There is a big difference between Mfs Money Market Fund performing well and Mfs Series Money Market 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 Series' 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
VTSAX  0.53  0.04  0.03  0.19  0.49 
 1.10 
 4.11 
VFIAX  0.53  0.10 (0.04) 5.02  0.65 
 1.17 
 3.84 
VTSMX  0.52  0.04  0.03  0.18  0.49 
 1.10 
 4.11 
VITSX  0.56  0.11 (0.03) 2.76  0.66 
 1.10 
 4.11 
VSTSX  0.53  0.04  0.03  0.19  0.49 
 1.10 
 4.11 
VSMPX  0.53  0.04  0.03  0.19  0.49 
 1.10 
 4.11 
VFINX  0.53  0.10 (0.04) 4.93  0.65 
 1.17 
 3.84 
VFFSX  0.51  0.04  0.01  0.18  0.49 
 1.17 
 3.84 
VGTSX  0.60 (0.06)(0.18)(0.01) 0.74 
 1.15 
 4.09 
VTIAX  0.60 (0.06)(0.18)(0.01) 0.74 
 1.15 
 4.11