Mfs Series Correlations

MSRXX Fund  USD 1.00  0.00  0.00%   
The current 90-days correlation between Mfs Series Trust and Great West Real Estate is 0.04 (i.e., Significant diversification). 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.

Mfs Series Correlation With Market

Good diversification

The correlation between Mfs Series Trust and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Series 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 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.

Moving together with Mfs Money Market Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.7VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.73VITSX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.7VFINX Vanguard 500 IndexPairCorr
  0.72VFFSX Vanguard 500 IndexPairCorr
  0.81FTCAX Templeton Strained BondPairCorr
  0.79PYARX Payden Absolute ReturnPairCorr
  0.8BCAAX Brandywineglobal CPairCorr
  0.85JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.8T ATT Inc Aggressive PushPairCorr
  0.82CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.85BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr

Moving against Mfs Money Market Fund

  0.75UIPIX Ultrashort Mid CapPairCorr
  0.68USPSX Profunds UltrashortPairCorr
  0.67USPIX Profunds UltrashortPairCorr
  0.65VGTSX Vanguard Total InterPairCorr
  0.65VTIAX Vanguard Total InterPairCorr
  0.91KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.89PFE Pfizer Inc Aggressive PushPairCorr
  0.83MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.4VZ Verizon Communications Sell-off TrendPairCorr
  0.39MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.34MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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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.