Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLIX Fund  USD 5.77  0.01  0.17%   
The current 90-days correlation between Mfs Emerging Markets and First Eagle Gold is -0.19 (i.e., Good diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets 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 Emerging Markets. 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 gross domestic product.

Moving together with MFS Mutual Fund

  0.66PLMPX Pimco Emerging MarketsPairCorr
  0.99PLMIX Pimco Emerging MarketsPairCorr
  0.91PELPX Pimco Emerging LocalPairCorr
  1.0PELBX Pimco Emerging LocalPairCorr
  0.99PELAX Pimco Emerging LocalPairCorr
  0.99PELCX Pimco Emerging LocalPairCorr
  1.0PELNX Pimco Emerging LocalPairCorr
  0.91EEIAX Eaton Vance EmergingPairCorr
  1.0EEIIX Eaton Vance EmergingPairCorr
  0.99EEICX Eaton Vance EmergingPairCorr
  0.8CCCZX Center St BrookfieldPairCorr
  0.83FTXNX Fuller Thaler BehavioralPairCorr
  0.92BAFQX Brown AdvisoryPairCorr
  0.91LEVIX Lazard Equity CentratedPairCorr
  0.95DGINX Dgi BalancedPairCorr
  0.61KAGCX Kensington Dynamic GrowthPairCorr
  0.92JORRX Janus Global SelectPairCorr
  0.95RRTLX T Rowe PricePairCorr
  0.93RELVX Equity Growth StrategyPairCorr
  0.92FNILX Fidelity Zero LargePairCorr
  0.93PSHAX Short Term FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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