Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDCX Fund  USD 12.20  0.02  0.16%   
The current 90-days correlation between Mfs Emerging Markets and Chase Growth Fund is 0.4 (i.e., Very weak 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

Very weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.42 (i.e., Very weak 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.94LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.72LFTHX Mfs Lifetime 2065PairCorr
  0.94LFTMX Mfs Lifetime 2065PairCorr
  0.94LFTNX Mfs Lifetime 2065PairCorr
  0.94LFTLX Mfs Lifetime 2065PairCorr
  0.76HYPPX Mfs High YieldPairCorr
  0.72UIVIX Mfs Intrinsic ValuePairCorr
  0.91UIVCX Mfs Intrinsic ValuePairCorr
  0.72UIVPX Mfs Intrinsic ValuePairCorr
  0.91UIVQX Mfs Intrinsic ValuePairCorr
  0.72UIVNX Mfs Intrinsic ValuePairCorr
  0.72UIVMX Mfs Intrinsic ValuePairCorr
  0.91UIVVX Mfs Intrinsic ValuePairCorr
  0.91UIVRX Mfs Intrinsic ValuePairCorr
  0.91OTCHX Mfs Mid CapPairCorr
  0.7OTCIX Mfs Mid CapPairCorr
  0.7OTCJX Mfs Mid CapPairCorr
  0.91OTCKX Mfs Mid CapPairCorr
  0.72MKVCX Mfs International LargePairCorr
  0.9MKVBX Mfs International LargePairCorr
  0.91OTCGX Mfs Mid CapPairCorr
  0.91MKVGX Mfs International LargePairCorr
  0.72MKVFX Mfs International LargePairCorr
  0.72MKVEX Mfs International LargePairCorr
  0.9MKVDX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.72MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.71BRKAX Mfs Blended ResearchPairCorr
  0.91OTCAX Mfs Mid CapPairCorr
  0.7OTCBX 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.

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