Mfs Blended Correlations

Mutual Funds . USA . 
Fund . Mfs Blended Research
BRXTX Fund  USD 15.80  0.02  0.13%   
The current 90-days correlation between Mfs Blended Research and Global Diversified Income is -0.08 (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

Poor diversification

The correlation between Mfs Blended Research and DJI is 0.63 (i.e., Poor 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 estimate.

Moving together with Mfs Mutual Fund

  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.96DIFIX Mfs Diversified IncomePairCorr
  0.96BRSTX Mfs Blended ResearchPairCorr
  0.99MNWTX Mfs Managed WealthPairCorr
  0.94NDVCX Mfs New DiscoveryPairCorr
  0.98MRGAX Mfs E EquityPairCorr
  0.98MAAFX Mfs Aggressive GrowthPairCorr
  0.98MTCCX Mfs TechnologyPairCorr
  0.97MTCIX Mfs TechnologyPairCorr
  0.99MDIDX Mfs InternationalPairCorr
  0.99MDIZX Mfs InternationalPairCorr
  0.96MVCAX Mfs Mid CapPairCorr
  0.95MEDIX Mfs Emerging MarketsPairCorr
  0.96MEIKX Mfs Value FundPairCorr
  0.96MEIIX Mfs Value FundPairCorr
  0.98MEMCX Mfs Emerging MarketsPairCorr
  0.98MFEIX Mfs Growth FundPairCorr
  0.99MFJTX Mfs Lifetime 2060PairCorr
  0.99MFJUX Mfs Lifetime 2060PairCorr
  0.82MFIWX Mfs Income FundPairCorr
  0.98MFJAX Mfs Lifetime 2060PairCorr
  0.99MFJBX Mfs Lifetime 2060PairCorr
  0.97MGIAX Mfs International ValuePairCorr
  0.9MGLCX Mfs Global RealPairCorr
  0.91MGLAX Mfs Global RealPairCorr
  0.91MGLIX Mfs Global RealPairCorr
  0.98DVRKX Mfs Global AlternativePairCorr
  1.0MIDHX Mfs International NewPairCorr
  1.0MIDLX Mfs International NewPairCorr
  0.98MINJX Mfs International ValuePairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr

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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