Mfs Blended Correlations

Mutual Funds . USA . 
Fund . Mfs Blended Research
BRKRX Fund  USD 16.21  0.06  0.37%   
The current 90-days correlation between Mfs Blended Research and Ab Bond Inflation is -0.04 (i.e., Good diversification). The correlation of Mfs Blended 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 Blended Correlation With Market

Weak diversification

The correlation between Mfs Blended Research and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Blended Research 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 Blended Research. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTHX Mfs Lifetime 2065PairCorr
  0.95UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.94UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.79OTCIX Mfs Mid CapPairCorr
  0.79OTCJX Mfs Mid CapPairCorr
  0.91MKVBX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.91MKVEX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.79MKVHX Mfs Series TrustPairCorr
  1.0BRKBX Mfs Blended ResearchPairCorr
  1.0BRKCX Mfs Blended ResearchPairCorr
  1.0BRKAX Mfs Blended ResearchPairCorr
  0.95OTCBX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Blended 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 Blended'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.

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