Mfs Emerging Correlations

EMLMX Fund

USD 6.01 0.02 0.33%

The current 90-days correlation between Mfs Emerging Markets and Lincoln Inflation Plus is 0.14 (i.e., Average 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 0.19 (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 industry.

Moving together with Mfs Mutual Fund

0.79	MKVCX	Mfs International Large	Pair Corr
0.77	MKVBX	Mfs International Large	Pair Corr
0.8	MKVGX	Mfs International Large	Pair Corr
0.79	MKVEX	Mfs International Large	Pair Corr
0.79	MKVDX	Mfs International Large	Pair Corr
0.65	MKVIX	Mfs International Large	Pair Corr
0.8	MKVHX	Mfs Series Trust	Pair Corr
0.77	BRKBX	Mfs Blended Research	Pair Corr
0.79	BRKCX	Mfs Blended Research	Pair Corr
0.99	EMLBX	Mfs Emerging Markets	Pair Corr
0.99	EMLAX	Mfs Emerging Markets	Pair Corr
0.79	BRKVX	Mfs Blended Research	Pair Corr
0.64	BRKSX	Mfs Blended Research	Pair Corr
0.78	BRKTX	Mfs Blended Research	Pair Corr
1.0	EMLNX	Mfs Emerging Markets	Pair Corr
0.82	EMLKX	Mfs Emerging Markets	Pair Corr
0.81	EMLJX	Mfs Emerging Markets	Pair Corr
1.0	EMLIX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.57	OTCIX	Mfs Mid Cap	Pair Corr
0.6	OTCCX	Mfs Mid Cap	Pair Corr
0.58	OTCBX	Mfs Mid Cap	Pair Corr
0.57	OTCAX	Mfs Mid Cap	Pair Corr
0.56	OTCKX	Mfs Mid Cap	Pair Corr
0.31	BRSBX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	LFTAX	AIAHX	SLFYX	LIPNX	HIPFX
LFTAX		0.53	0.82	0.62	0.78	LFTAX
AIAHX	0.53		0.35	0.98	0.91	AIAHX
SLFYX	0.82	0.35		0.45	0.64	SLFYX
LIPNX	0.62	0.98	0.45		0.94	LIPNX
HIPFX	0.78	0.91	0.64	0.94		HIPFX
	LFTAX	AIAHX	SLFYX	LIPNX	HIPFX

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
LFTAX	0.35	0.08	0.06	0.49	0.27	(0.40)	0.76	(0.66)	2.76
AIAHX	0.14	0.01	(0.24)	0.54	0.08	(0.16)	0.28	(0.28)	0.83
SLFYX	0.20	0.03	(0.10)	1.88	0.00	(0.26)	0.49	(0.36)	0.98
LIPNX	0.15	0.01	(0.20)	0.70	0.08	(0.18)	0.31	(0.20)	0.92
HIPFX	0.11	0.01	(0.33)	0.23	0.00	(0.14)	0.19	(0.19)	0.66

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