Mfs Series Correlations
MSRXX Fund | USD 1.00 0.00 0.00% |
The current 90-days correlation between Mfs Series Trust and Baron Select Funds is -0.01 (i.e., Good 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 -0.06 (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.
Mfs |
Moving together with Mfs Money Market Fund
0.73 | VTSAX | Vanguard Total Stock | PairCorr |
0.7 | VFIAX | Vanguard 500 Index | PairCorr |
0.73 | VTSMX | Vanguard Total Stock | PairCorr |
0.73 | VITSX | Vanguard Total Stock | PairCorr |
0.73 | VSTSX | Vanguard Total Stock | PairCorr |
0.73 | VSMPX | Vanguard Total Stock | PairCorr |
0.7 | VFINX | Vanguard 500 Index | PairCorr |
0.7 | VFFSX | Vanguard 500 Index | PairCorr |
0.82 | FTCAX | Templeton Strained Bond | PairCorr |
0.8 | BCAAX | Brandywineglobal C | PairCorr |
0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
0.78 | T | ATT Inc Aggressive Push | PairCorr |
0.8 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Mfs Money Market Fund
0.73 | UIPIX | Ultrashort Mid Cap | PairCorr |
0.67 | USPSX | Profunds Ultrashort | PairCorr |
0.67 | USPIX | Profunds Ultrashort | PairCorr |
0.65 | VGTSX | Vanguard Total Inter | PairCorr |
0.65 | VTIAX | Vanguard Total Inter | PairCorr |
0.92 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
0.87 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
0.41 | MCD | McDonalds Sell-off Trend | PairCorr |
0.4 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
0.38 | MMM | 3M Company Sell-off Trend | 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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BTEEX | 0.88 | 0.26 | 0.18 | 0.40 | 0.82 | 2.42 | 6.35 | |||
CMTFX | 0.90 | 0.11 | 0.07 | 0.25 | 1.10 | 1.96 | 6.08 | |||
TECHX | 0.82 | 0.11 | 0.08 | 0.25 | 0.84 | 1.76 | 5.68 | |||
PRSCX | 0.85 | 0.17 | 0.12 | 0.32 | 0.83 | 2.64 | 5.72 | |||
DTEYX | 0.87 | 0.10 | 0.07 | 0.25 | 1.00 | 1.88 | 5.99 | |||
GISTX | 0.82 | 0.16 | 0.12 | 0.32 | 0.83 | 2.54 | 5.44 | |||
PGTIX | 0.89 | 0.12 | 0.08 | 0.28 | 1.04 | 1.97 | 6.25 |