Mfs Aggressive Correlations

Mutual Funds . USA . 
Fund . Mfs Aggressive Growth
MAAFX Fund  USD 30.77  0.03  0.1%   
The current 90-days correlation between Mfs Aggressive Growth and Morningstar Aggressive Growth is -0.14 (i.e., Good diversification). The correlation of Mfs Aggressive 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 Aggressive Correlation With Market

Good diversification

The correlation between Mfs Aggressive Growth and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Aggressive Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Aggressive Growth. 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 census.

Moving together with Mfs Mutual Fund

  0.97DIFIX Mfs Diversified IncomePairCorr
  0.99MDIZX Mfs InternationalPairCorr
  0.97MEMCX Mfs Emerging MarketsPairCorr
  0.97DVRKX Mfs Global AlternativePairCorr
  0.98CGRGX American Funds GrowthPairCorr
  0.98FPGGX American Funds GrowthPairCorr
  0.98FGPGX American Funds GrowthPairCorr
  0.97MUTHX Franklin Mutual SharesPairCorr
  0.99TESRX Franklin Mutual SharesPairCorr
  0.97FMSHX Franklin Mutual SharesPairCorr
  0.98GWPCX American Funds GrowthPairCorr
  0.98GWPFX American Funds GrowthPairCorr
  0.99GWPAX American Funds GrowthPairCorr
  0.99CGQGX American Funds GrowthPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.99VFFSX Vanguard 500 IndexPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.98VINIX Vanguard InstitutionalPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.98MIOIX Morgan Stanley InstiPairCorr
  0.73PGCAX Investment Grade PoratePairCorr
  0.97PISHX Cohen Steers PreferredPairCorr
  0.96TILCX T Rowe PricePairCorr
  0.69WACSX Western Asset EPairCorr
  0.98USBSX Cornerstone ModeratePairCorr
  0.98HGOTX Hartford Growth OppoPairCorr
  0.98ATECX Ab Sustainable GlobalPairCorr
  0.99INPSX Internet UltrasectorPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.98CLVRX Columbia InternationalPairCorr
  0.98GMWZX Mydestination 2025PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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