Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIAX Fund  USD 51.24  0.15  0.29%   
The current 90-days correlation between Mfs Value Fund and Mfs Total Return is 0.95 (i.e., Almost no diversification). The correlation of Mfs Value 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 Value Correlation With Market

Good diversification

The correlation between Mfs Value Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value Fund 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 Value Fund. 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

  0.98UIVCX Mfs Intrinsic ValuePairCorr
  0.98UIVQX Mfs Intrinsic ValuePairCorr
  0.96DIFIX Mfs Diversified IncomePairCorr
  0.98BRSTX Mfs Blended ResearchPairCorr
  0.94NDVCX Mfs New DiscoveryPairCorr
  0.97MRGAX Mfs E EquityPairCorr
  0.96MAAFX Mfs Aggressive GrowthPairCorr
  0.96MTCCX Mfs TechnologyPairCorr
  0.96MTCIX Mfs TechnologyPairCorr
  0.96MDIDX Mfs InternationalPairCorr
  0.95MDIZX Mfs InternationalPairCorr
  0.99MVCAX Mfs Mid CapPairCorr
  0.88MEDIX Mfs Emerging MarketsPairCorr
  0.96MEIKX Mfs Value FundPairCorr
  0.96MEIIX Mfs Value FundPairCorr
  0.96MEMCX Mfs Emerging MarketsPairCorr
  0.97MFEIX Mfs Growth FundPairCorr
  0.96MFJTX Mfs Lifetime 2060PairCorr
  0.98MFJUX Mfs Lifetime 2060PairCorr
  0.78MFIWX Mfs Income FundPairCorr
  0.98MFJAX Mfs Lifetime 2060PairCorr
  0.96MFJBX Mfs Lifetime 2060PairCorr
  0.94MGIAX Mfs International ValuePairCorr
  0.89MGLAX Mfs Global RealPairCorr
  0.9MGLIX Mfs Global RealPairCorr
  0.93DVRKX Mfs Global AlternativePairCorr
  0.94MIDHX Mfs International NewPairCorr
  0.95MIDLX Mfs International NewPairCorr
  0.93MINJX Mfs International ValuePairCorr
  0.95VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.96AFMFX American MutualPairCorr
  0.96FFMMX American Funds AmericanPairCorr
  0.96FFFMX American Funds AmericanPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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