Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLLX Fund  USD 5.93  0.02  0.34%   
The current 90-days correlation between Mfs Emerging Markets and Invesco Energy Fund is -0.16 (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

Weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.37 (i.e., Weak 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 inflation.

Moving together with Mfs Mutual Fund

  0.9LFTFX Mfs Lifetime 2065PairCorr
  0.94LFTJX Mfs Lifetime 2065PairCorr
  0.94LFTGX Mfs Lifetime 2065PairCorr
  0.94LFTHX Mfs Lifetime 2065PairCorr
  0.94LFTMX Mfs Lifetime 2065PairCorr
  0.94LFTNX Mfs Lifetime 2065PairCorr
  0.94LFTKX Mfs Lifetime 2065PairCorr
  0.94LFTLX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.76UIVIX Mfs Intrinsic ValuePairCorr
  0.74UIVCX Mfs Intrinsic ValuePairCorr
  0.75UIVPX Mfs Intrinsic ValuePairCorr
  0.81UIVQX Mfs Intrinsic ValuePairCorr
  0.81UIVNX Mfs Intrinsic ValuePairCorr
  0.8UIVMX Mfs Intrinsic ValuePairCorr
  0.75UIVVX Mfs Intrinsic ValuePairCorr
  0.76UIVRX Mfs Intrinsic ValuePairCorr
  0.88MKVCX Mfs International LargePairCorr
  0.85MKVBX Mfs International LargePairCorr
  0.89MKVGX Mfs International LargePairCorr
  0.89MKVFX Mfs International LargePairCorr
  0.88MKVEX Mfs International LargePairCorr
  0.88MKVDX Mfs International LargePairCorr
  0.89MKVIX Mfs International LargePairCorr
  0.89MKVHX Mfs Series TrustPairCorr
  0.86BRKBX Mfs Blended ResearchPairCorr
  0.9BRKCX Mfs Blended ResearchPairCorr
  0.86BRKAX Mfs Blended ResearchPairCorr
  0.97EMLBX Mfs Emerging MarketsPairCorr
  0.97EMLAX Mfs Emerging MarketsPairCorr
  0.9BRKUX Mfs Blended ResearchPairCorr
  0.9BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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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