Mfs Emerging Correlations

MEDIX Fund

USD 12.60 0.02 0.16%

The current 90-days correlation between Mfs Emerging Markets and Mfs Alabama Municipal is 0.08 (i.e., Significant 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

Weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.32 (i.e., 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 gross domestic product.

Moving together with Mfs Mutual Fund

0.85	LFTFX	Mfs Lifetime 2065	Pair Corr
0.72	LFTJX	Mfs Lifetime 2065	Pair Corr
0.8	LFTHX	Mfs Lifetime 2065	Pair Corr
0.85	LFTMX	Mfs Lifetime 2065	Pair Corr
0.81	LFTNX	Mfs Lifetime 2065	Pair Corr
0.77	HYPPX	Mfs High Yield	Pair Corr
0.69	MKVDX	Mfs International Large	Pair Corr
0.71	MKVIX	Mfs International Large	Pair Corr
0.78	MKVHX	Mfs Series Trust	Pair Corr
0.97	BRKBX	Mfs Blended Research	Pair Corr
0.92	BRKCX	Mfs Blended Research	Pair Corr
0.97	BRKAX	Mfs Blended Research	Pair Corr
0.64	EMLBX	Mfs Emerging Markets	Pair Corr
0.64	EMLAX	Mfs Emerging Markets	Pair Corr
0.76	BRKUX	Mfs Blended Research	Pair Corr
0.92	BRKVX	Mfs Blended Research	Pair Corr
0.79	BRKSX	Mfs Blended Research	Pair Corr
0.76	BRKTX	Mfs Blended Research	Pair Corr
0.97	BRKIX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.38	OTCHX	Mfs Mid Cap	Pair Corr
0.33	OTCBX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	MBABX	MBAGX	MSRRX	MBCAX	MSVAX	LFTFX	LFTJX	MBARX	LFTGX
MBABX		0.73	0.8	0.87	1.0	0.85	0.76	0.99	0.61	MBABX
MBAGX	0.73		0.65	0.62	0.73	0.81	0.76	0.73	0.52	MBAGX
MSRRX	0.8	0.65		0.63	0.8	0.9	0.56	0.78	0.52	MSRRX
MBCAX	0.87	0.62	0.63		0.87	0.72	0.71	0.87	0.85	MBCAX
MSVAX	1.0	0.73	0.8	0.87		0.85	0.76	0.99	0.62	MSVAX
LFTFX	0.85	0.81	0.9	0.72	0.85		0.71	0.85	0.63	LFTFX
LFTJX	0.76	0.76	0.56	0.71	0.76	0.71		0.78	0.55	LFTJX
MBARX	0.99	0.73	0.78	0.87	0.99	0.85	0.78		0.62	MBARX
LFTGX	0.61	0.52	0.52	0.85	0.62	0.63	0.55	0.62		LFTGX
	MBABX	MBAGX	MSRRX	MBCAX	MSVAX	LFTFX	LFTJX	MBARX	LFTGX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MBABX	0.15	0.06	(0.38)	2.58	0.00	(0.24)	0.43	(0.21)	0.98
MBAGX	0.42	(0.08)	(0.16)	0.03	0.56	(0.42)	0.94	(0.70)	3.78
MSRRX	0.46	(0.07)	(0.11)	0.05	0.62	(0.46)	1.14	(0.86)	4.00
MBCAX	0.16	0.07	(0.31)	(1.99)	0.00	(0.33)	0.55	(0.19)	0.93
MSVAX	0.15	0.06	(0.43)	6.34	0.00	(0.25)	0.49	(0.10)	1.01
LFTFX	0.41	0.04	(0.15)	(2.23)	0.53	(0.44)	0.98	(0.63)	3.77
LFTJX	0.40	0.06	(0.13)	(0.39)	0.53	(0.42)	0.89	(0.63)	3.79
MBARX	0.16	0.07	(0.35)	(19.12)	0.00	(0.27)	0.56	(0.22)	1.14
LFTGX	0.40	0.05	(0.14)	(0.36)	0.52	(0.42)	0.99	(0.64)	3.71

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