Mfs Emerging Correlations
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.
MFS |
Moving together with MFS Mutual Fund
0.66 | PLMPX | Pimco Emerging Markets | PairCorr |
0.99 | PLMIX | Pimco Emerging Markets | PairCorr |
0.91 | PELPX | Pimco Emerging Local | PairCorr |
1.0 | PELBX | Pimco Emerging Local | PairCorr |
0.99 | PELAX | Pimco Emerging Local | PairCorr |
0.99 | PELCX | Pimco Emerging Local | PairCorr |
1.0 | PELNX | Pimco Emerging Local | PairCorr |
0.91 | EEIAX | Eaton Vance Emerging | PairCorr |
1.0 | EEIIX | Eaton Vance Emerging | PairCorr |
0.99 | EEICX | Eaton Vance Emerging | PairCorr |
0.8 | CCCZX | Center St Brookfield | PairCorr |
0.83 | FTXNX | Fuller Thaler Behavioral | PairCorr |
0.92 | BAFQX | Brown Advisory | PairCorr |
0.91 | LEVIX | Lazard Equity Centrated | PairCorr |
0.95 | DGINX | Dgi Balanced | PairCorr |
0.61 | KAGCX | Kensington Dynamic Growth | PairCorr |
0.92 | JORRX | Janus Global Select | PairCorr |
0.95 | RRTLX | T Rowe Price | PairCorr |
0.93 | RELVX | Equity Growth Strategy | PairCorr |
0.92 | FNILX | Fidelity Zero Large | PairCorr |
0.93 | PSHAX | Short Term Fund | PairCorr |
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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FEGOX | 1.38 | 0.02 | (0.07) | 0.29 | 1.84 | 2.57 | 9.95 | |||
UIPMX | 1.56 | 0.30 | (0.06) | (0.07) | 2.18 | 3.26 | 11.90 | |||
GLRBX | 0.29 | 0.14 | (0.19) | (1.90) | 0.00 | 1.00 | 2.11 | |||
UNWPX | 1.23 | 0.21 | 0.00 | 7.48 | 1.18 | 2.72 | 7.43 | |||
USAGX | 1.57 | 0.01 | (0.06) | 0.27 | 2.20 | 3.27 | 11.93 | |||
FRGOX | 1.52 | 0.13 | (0.02) | 1.23 | 2.02 | 3.02 | 11.91 | |||
IOGYX | 1.41 | 0.03 | (0.05) | 0.31 | 1.95 | 2.84 | 10.46 |