Mfs Diversified Correlations

Mutual Funds USA . 
Fund . Mfs Diversified Income
DIFGX Fund  USD 12.30  0.02  0.16%   
The current 90-days correlation between Mfs Diversified Income and Goldman Sachs Income is 0.88 (i.e., Very poor diversification). The correlation of Mfs Diversified 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 Diversified Correlation With Market

Poor diversification

The correlation between Mfs Diversified Income and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Diversified Income. 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 price.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.96UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.96UIVPX Mfs Intrinsic ValuePairCorr
  0.96UIVQX Mfs Intrinsic ValuePairCorr
  0.96UIVNX Mfs Intrinsic ValuePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.96UIVVX Mfs Intrinsic ValuePairCorr
  0.96OTCIX Mfs Mid CapPairCorr
  0.96OTCJX Mfs Mid CapPairCorr
  0.96OTCKX Mfs Mid CapPairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.94MKVFX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.94MKVHX Mfs Series TrustPairCorr
  0.96BRKBX Mfs Blended ResearchPairCorr
  0.96BRKCX Mfs Blended ResearchPairCorr
  0.96OTCAX Mfs Mid CapPairCorr
  0.96EMLBX Mfs Emerging MarketsPairCorr
  0.96EMLAX Mfs Emerging MarketsPairCorr
  0.96BRKUX Mfs Blended ResearchPairCorr
  0.96BRKVX Mfs Blended ResearchPairCorr
  0.96BRKRX Mfs Blended ResearchPairCorr
  0.96BRKTX Mfs Blended ResearchPairCorr
  0.96BRKIX Mfs Blended ResearchPairCorr
  0.96EMLNX Mfs Emerging MarketsPairCorr
  1.0DIFIX Mfs Diversified IncomePairCorr
  0.96EMLMX Mfs Emerging MarketsPairCorr
  1.0DIFHX Mfs Diversified IncomePairCorr
  0.96EMLKX Mfs Emerging MarketsPairCorr
  1.0DIFFX Mfs Diversified IncomePairCorr
  0.96EMLIX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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