Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDEX Fund  USD 12.19  0.02  0.16%   
The current 90-days correlation between Mfs Emerging Markets and Ab Select Equity is 0.47 (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 0.48 (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 income.

Moving together with Mfs Mutual Fund

  0.92LFTFX Mfs Lifetime 2065PairCorr
  0.92LFTJX Mfs Lifetime 2065PairCorr
  0.82LFTGX Mfs Lifetime 2065PairCorr
  0.89UIVIX Mfs Intrinsic ValuePairCorr
  0.88UIVCX Mfs Intrinsic ValuePairCorr
  0.89UIVPX Mfs Intrinsic ValuePairCorr
  0.8UIVQX Mfs Intrinsic ValuePairCorr
  0.88UIVNX Mfs Intrinsic ValuePairCorr
  0.89UIVMX Mfs Intrinsic ValuePairCorr
  0.88UIVVX Mfs Intrinsic ValuePairCorr
  0.89OTCIX Mfs Mid CapPairCorr
  0.89OTCJX Mfs Mid CapPairCorr
  0.8OTCKX Mfs Mid CapPairCorr
  0.88MKVBX Mfs International LargePairCorr
  0.77MKVFX Mfs International LargePairCorr
  0.77MKVEX Mfs International LargePairCorr
  0.78MKVIX Mfs International LargePairCorr
  0.78MKVHX Mfs Series TrustPairCorr
  0.85BRKBX Mfs Blended ResearchPairCorr
  0.85BRKCX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.8OTCAX 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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