Mfs High Correlations

Mutual Funds . USA . 
Fund . Mfs High Yield
HYPPX Fund  USD 8.38  0.01  0.12%   
The current 90-days correlation between Mfs High Yield and Great West Inflation Protected Securities is 0.05 (i.e., Significant diversification). The correlation of Mfs High 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 High Correlation With Market

Average diversification

The correlation between Mfs High Yield 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 High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Mfs High Yield. 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 american community survey.

Moving together with Mfs Mutual Fund

  0.72LFTFX Mfs Lifetime 2065PairCorr
  0.72LFTJX Mfs Lifetime 2065PairCorr
  0.71LFTGX Mfs Lifetime 2065PairCorr
  0.86LFTHX Mfs Lifetime 2065PairCorr
  0.72LFTMX Mfs Lifetime 2065PairCorr
  0.85LFTNX Mfs Lifetime 2065PairCorr
  0.69LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065PairCorr
  0.71UIVIX Mfs Intrinsic ValuePairCorr
  0.71UIVCX Mfs Intrinsic ValuePairCorr
  0.71UIVPX Mfs Intrinsic ValuePairCorr
  0.72UIVQX Mfs Intrinsic ValuePairCorr
  0.71UIVNX Mfs Intrinsic ValuePairCorr
  0.71UIVMX Mfs Intrinsic ValuePairCorr
  0.71UIVVX Mfs Intrinsic ValuePairCorr
  0.75UIVRX Mfs Intrinsic ValuePairCorr
  0.83OTCHX Mfs Mid CapPairCorr
  0.7OTCIX Mfs Mid CapPairCorr
  0.7OTCJX Mfs Mid CapPairCorr
  0.7OTCKX Mfs Mid CapPairCorr
  0.83MKVCX Mfs International LargePairCorr
  0.64MKVBX Mfs International LargePairCorr
  0.7OTCGX Mfs Mid CapPairCorr
  0.83MKVGX Mfs International LargePairCorr
  0.65MKVFX Mfs International LargePairCorr
  0.65MKVEX Mfs International LargePairCorr
  0.64MKVDX Mfs International LargePairCorr
  0.65MKVIX Mfs International LargePairCorr
  0.65MKVHX Mfs Series TrustPairCorr
  0.74BRKBX Mfs Blended ResearchPairCorr
  0.74BRKCX Mfs Blended ResearchPairCorr
  0.74BRKAX Mfs Blended ResearchPairCorr
  0.7OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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