Mfs Emerging Correlations

MEDAX Fund  USD 12.18  0.03  0.25%   
The current 90-days correlation between Mfs Emerging Markets and Global Gold Fund is -0.24 (i.e., Very good 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

Modest diversification

The correlation between Mfs Emerging Markets and DJI is 0.21 (i.e., Modest 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 Correlation Analysis 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 nation.

Moving together with Mfs Mutual Fund

  0.85LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.9UIVIX Mfs Intrinsic ValuePairCorr
  0.9UIVCX Mfs Intrinsic ValuePairCorr
  0.9UIVPX Mfs Intrinsic ValuePairCorr
  0.9UIVQX Mfs Intrinsic ValuePairCorr
  0.9UIVNX Mfs Intrinsic ValuePairCorr
  0.89UIVMX Mfs Intrinsic ValuePairCorr
  0.9UIVVX Mfs Intrinsic ValuePairCorr
  0.9OTCIX Mfs Mid CapPairCorr
  0.84OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.9MKVBX Mfs International LargePairCorr
  0.9MKVFX Mfs International LargePairCorr
  0.89MKVEX Mfs International LargePairCorr
  0.9MKVIX Mfs International LargePairCorr
  0.9MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.86BRKAX Mfs Blended ResearchPairCorr
  0.9OTCAX 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 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.