Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Allocation
MCGWX Fund  USD 25.77  0.19  0.74%   
The current 90-days correlation between Mfs Growth Allocation and Nuveen Large Cap is -0.13 (i.e., Good diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Mfs Growth Allocation and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth 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 Growth 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 housing.

Moving together with Mfs Mutual Fund

  0.99FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.99IFACX Income FundPairCorr
  0.99IFAFX Income FundPairCorr
  0.99AMECX Income FundPairCorr
  0.99RIDBX Income FundPairCorr
  0.98CIMEX Income FundPairCorr
  0.99RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.98CIMFX Income FundPairCorr
  0.63CVX Chevron CorpPairCorr
  0.7IBM International BusinessPairCorr
  0.65CAT CaterpillarPairCorr
  0.65CSCO Cisco SystemsPairCorr

Moving against Mfs Mutual Fund

  0.6MCD McDonaldsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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