Mfs Emerging Correlations
MEMAX Fund | USD 39.04 0.22 0.57% |
The current 90-days correlation between Mfs Emerging Markets and Artisan High Income is 0.29 (i.e., Modest 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 |
Moving together with Mfs Mutual Fund
0.99 | LFTFX | Mfs Lifetime 2065 | PairCorr |
0.98 | LFTJX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTGX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTHX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTMX | Mfs Lifetime 2065 | PairCorr |
0.99 | LFTNX | Mfs Lifetime 2065 | PairCorr |
0.98 | LFTLX | Mfs Lifetime 2065 | PairCorr |
0.94 | HYPPX | Mfs High Yield | PairCorr |
0.97 | UIVIX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVCX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVPX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVQX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVNX | Mfs Intrinsic Value | PairCorr |
0.96 | UIVMX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVVX | Mfs Intrinsic Value | PairCorr |
0.97 | UIVRX | Mfs Intrinsic Value | PairCorr |
0.96 | OTCHX | Mfs Mid Cap | PairCorr |
0.96 | OTCIX | Mfs Mid Cap | PairCorr |
0.96 | OTCJX | Mfs Mid Cap | PairCorr |
0.96 | OTCKX | Mfs Mid Cap | PairCorr |
0.94 | MKVCX | Mfs International Large | PairCorr |
0.94 | MKVBX | Mfs International Large | PairCorr |
0.96 | OTCGX | Mfs Mid Cap | PairCorr |
0.94 | MKVGX | Mfs International Large | PairCorr |
0.94 | MKVFX | Mfs International Large | PairCorr |
0.94 | MKVEX | Mfs International Large | PairCorr |
0.94 | MKVDX | Mfs International Large | PairCorr |
0.94 | MKVIX | Mfs International Large | PairCorr |
0.94 | MKVHX | Mfs Series Trust | PairCorr |
1.0 | BRKBX | Mfs Blended Research | PairCorr |
0.99 | BRKCX | Mfs Blended Research | PairCorr |
1.0 | BRKAX | Mfs Blended Research | PairCorr |
0.97 | OTCAX | Mfs Mid Cap | PairCorr |
0.97 | OTCBX | Mfs Mid Cap | PairCorr |
Related Correlations Analysis
0.93 | 0.97 | 0.96 | 0.95 | 0.98 | ARTFX | ||
0.93 | 0.95 | 0.98 | 0.91 | 0.97 | TTRBX | ||
0.97 | 0.95 | 0.96 | 0.92 | 0.97 | TSDUX | ||
0.96 | 0.98 | 0.96 | 0.92 | 0.98 | MBSAX | ||
0.95 | 0.91 | 0.92 | 0.92 | 0.94 | BBINX | ||
0.98 | 0.97 | 0.97 | 0.98 | 0.94 | SGYAX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
ARTFX | 0.14 | 0.07 | (0.41) | (2.81) | 0.00 | 0.56 | 0.90 | |||
TTRBX | 0.16 | 0.03 | (0.53) | 0.72 | 0.00 | 0.40 | 0.82 | |||
TSDUX | 0.04 | 0.02 | 0.00 | 16.55 | 0.00 | 0.10 | 0.10 | |||
MBSAX | 0.25 | 0.04 | (0.16) | 0.33 | 0.06 | 0.52 | 1.62 | |||
BBINX | 0.11 | 0.02 | (0.68) | (1.03) | 0.00 | 0.30 | 0.70 | |||
SGYAX | 0.17 | 0.06 | (0.32) | 0.57 | 0.00 | 0.59 | 0.99 |