MFS High Correlations

CMU Stock

USD 3.60 0.04 1.10%

The current 90-days correlation between MFS High Yield and Visa Class A is -0.13 (i.e., Good diversification). The correlation of MFS High 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 High Correlation With Market

Good diversification

The correlation between MFS High Yield and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS High Yield and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Yield. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against MFS Stock

0.45	WAVS	Western Acquisition	Pair Corr
0.59	RMCO	Royalty Management	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	BN	BX	DB	DX
V		0.79	0.89	0.5	0.84	0.92	-0.06	0.62	V
DHIL	0.79		0.72	0.33	0.75	0.75	-0.12	0.5	DHIL
DIST	0.89	0.72		0.43	0.91	0.89	0.1	0.55	DIST
AB	0.5	0.33	0.43		0.55	0.64	0.19	0.22	AB
BN	0.84	0.75	0.91	0.55		0.9	0.25	0.57	BN
BX	0.92	0.75	0.89	0.64	0.9		0.04	0.62	BX
DB	-0.06	-0.12	0.1	0.19	0.25	0.04		0.11	DB
DX	0.62	0.5	0.55	0.22	0.57	0.62	0.11		DX
	V	DHIL	DIST	AB	BN	BX	DB	DX

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

BX	+ 0.92	V
BN	+ 0.91	DIST
BX	+ 0.9	BN
DIST	+ 0.89	V
BX	+ 0.89	DIST
BN	+ 0.84	V

High negative correlations

DB	- 0.12	DHIL
DB	- 0.06	V

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS High Company 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 High'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
V	0.81	0.08	0.05	0.19	1.10	(0.87)	1.36	(1.30)	6.85
DHIL	1.24	(0.06)	0.00	0.06	1.17	(1.56)	2.22	(2.05)	9.06
DIST	0.20	0.04	(0.06)	0.96	0.26	(0.38)	0.45	(0.18)	3.45
AB	1.05	0.05	0.01	0.18	1.03	(1.27)	2.46	(1.73)	7.82
BN	1.13	0.16	0.17	0.22	0.82	(1.40)	2.45	(1.77)	6.44
BX	1.32	0.27	0.23	0.29	0.97	(1.58)	3.21	(2.11)	9.25
DB	1.22	0.15	0.07	0.44	1.30	(1.38)	2.99	(2.15)	6.81
DX	0.73	0.02	(0.03)	0.15	1.00	(0.72)	1.38	(1.47)	4.37

MFS High Corporate Management

James Kilman	Independent Trustee	Profile
Amanda Mooradian	Assistant Secretary, Assistant Clerk	Profile
Susan Pereira	Assistant Secretary, Assistant Clerk	Profile
Laurie Thomsen	Independent Trustee	Profile
Robert Manning	Trustee	Profile
Maryanne Roepke	Independent Trustee	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC