Mfs Growth Correlations

MGALX Fund

USD 23.19 0.19 0.83%

The correlation of Mfs Growth 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mfs Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mfs Growth Allocation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Significant diversification

The correlation between Mfs Growth Allocation and NYA 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 Mfs Growth Allocation and NYA 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 Growth Allocation. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The ability to find closely correlated positions to Mfs Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mfs Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mfs Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mfs Growth Allocation to buy it.

Moving together with Mfs Mutual Fund

0.76	FPPJX	Mfs Prudent Investor	Pair Corr
0.76	FPPQX	Mfs Prudent Investor	Pair Corr
0.74	FPPRX	Mfs Prudent Investor	Pair Corr
0.76	FPPSX	Mfs Prudent Investor	Pair Corr
0.77	FPPUX	Mfs Prudent Investor	Pair Corr
0.77	FPPVX	Mfs Prudent Investor	Pair Corr
0.94	LFTFX	Mfs Lifetime 2065	Pair Corr
0.94	LFTJX	Mfs Lifetime 2065	Pair Corr
0.94	LFTGX	Mfs Lifetime 2065	Pair Corr
0.94	LFTHX	Mfs Lifetime 2065	Pair Corr
0.94	LFTMX	Mfs Lifetime 2065	Pair Corr
0.94	LFTNX	Mfs Lifetime 2065	Pair Corr
0.94	LFTKX	Mfs Lifetime 2065	Pair Corr
0.94	LFTLX	Mfs Lifetime 2065	Pair Corr
0.94	UIVIX	Mfs Intrinsic Value	Pair Corr
0.94	UIVCX	Mfs Intrinsic Value	Pair Corr
0.94	UIVPX	Mfs Intrinsic Value	Pair Corr
0.94	UIVQX	Mfs Intrinsic Value	Pair Corr
0.94	UIVNX	Mfs Intrinsic Value	Pair Corr
0.94	UIVMX	Mfs Intrinsic Value	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	1.0	1.0	0.82	0.82	0.82	0.82	FPPJX
FPPQX	1.0		1.0	1.0	1.0	1.0	0.82	0.82	0.82	0.81	FPPQX
FPPRX	1.0	1.0		1.0	1.0	1.0	0.79	0.8	0.8	0.79	FPPRX
FPPSX	1.0	1.0	1.0		1.0	1.0	0.81	0.81	0.81	0.81	FPPSX
FPPUX	1.0	1.0	1.0	1.0		1.0	0.82	0.82	0.83	0.82	FPPUX
FPPVX	1.0	1.0	1.0	1.0	1.0		0.82	0.83	0.83	0.82	FPPVX
LFTFX	0.82	0.82	0.79	0.81	0.82	0.82		1.0	1.0	1.0	LFTFX
LFTJX	0.82	0.82	0.8	0.81	0.82	0.83	1.0		1.0	1.0	LFTJX
LFTGX	0.82	0.82	0.8	0.81	0.83	0.83	1.0	1.0		1.0	LFTGX
LFTHX	0.82	0.81	0.79	0.81	0.82	0.82	1.0	1.0	1.0		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Growth 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 Growth'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FPPJX	0.29	(0.03)	(0.11)	(0.01)	0.37	(0.34)	0.62	(0.61)	1.67
FPPQX	0.30	(0.03)	(0.12)	(0.01)	0.37	(0.33)	0.62	(0.61)	1.67
FPPRX	0.30	(0.03)	(0.12)	(0.02)	0.38	(0.33)	0.63	(0.62)	1.68
FPPSX	0.29	(0.03)	(0.12)	(0.01)	0.36	(0.34)	0.61	(0.61)	1.58
FPPUX	0.29	(0.03)	(0.12)	(0.01)	0.36	(0.32)	0.61	(0.61)	1.58
FPPVX	0.29	(0.03)	(0.11)	(0.01)	0.36	(0.35)	0.61	(0.61)	1.58
LFTFX	0.50	0.00	0.00	0.05	0.61	(0.52)	0.99	(1.24)	2.66
LFTJX	0.51	0.00	0.00	0.05	0.63	(0.52)	0.99	(1.24)	2.77
LFTGX	0.50	0.00	0.00	0.05	0.60	(0.53)	0.98	(1.24)	2.67
LFTHX	0.50	0.00	0.00	0.05	0.60	(0.52)	0.97	(1.13)	2.54

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Our tools can tell you how much better you can do entering a position in Mfs Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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The danger of trading Mfs Growth Allocation is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mfs Growth is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mfs Growth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mfs Growth Allocation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

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Please note, there is a significant difference between Mfs Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Mfs Growth Correlations

Significant diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

Be your own money manager

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Fundamental Analysis

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