Mfs Conservative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACNX Fund  USD 17.34  0.04  0.23%   
The current 90-days correlation between Mfs Servative Allocation and Putnam Convertible Securities is -0.11 (i.e., Good diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Mfs Servative Allocation and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation 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 Servative Allocation. 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 state.

Moving together with MFS Mutual Fund

  0.88LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.98LFTHX Mfs Lifetime 2065PairCorr
  0.98LFTMX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTKX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.93HYPPX Mfs High YieldPairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.86UIVCX Mfs Intrinsic ValuePairCorr
  0.87UIVPX Mfs Intrinsic ValuePairCorr
  0.88UIVQX Mfs Intrinsic ValuePairCorr
  0.87UIVNX Mfs Intrinsic ValuePairCorr
  0.86UIVMX Mfs Intrinsic ValuePairCorr
  0.87UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.87MKVCX Mfs International LargePairCorr
  0.88MKVBX Mfs International LargePairCorr
  0.88MKVGX Mfs International LargePairCorr
  0.88MKVFX Mfs International LargePairCorr
  0.88MKVEX Mfs International LargePairCorr
  0.87MKVDX Mfs International LargePairCorr
  0.88MKVIX Mfs International LargePairCorr
  0.88MKVHX Mfs Series TrustPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.94EMLBX Mfs Emerging MarketsPairCorr
  0.95EMLAX Mfs Emerging MarketsPairCorr
  0.93BRKUX Mfs Blended ResearchPairCorr
  0.93BRKVX Mfs Blended ResearchPairCorr
  0.93BRKRX Mfs Blended ResearchPairCorr
  0.89BRKSX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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