Mfs Global Correlations

Mutual Funds . USA . 
Fund . Mfs Global Real
MGLAX Fund  USD 16.43  0.04  0.24%   
The current 90-days correlation between Mfs Global Real and Mfs Global Real is 1.0 (i.e., No risk reduction). The correlation of Mfs Global 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 Global Correlation With Market

Very good diversification

The correlation between Mfs Global Real and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real 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 Global Real. 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

  0.7LFTFX Mfs Lifetime 2065PairCorr
  0.7LFTGX Mfs Lifetime 2065PairCorr
  0.7UIVCX Mfs Intrinsic ValuePairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.7UIVQX Mfs Intrinsic ValuePairCorr
  0.7UIVNX Mfs Intrinsic ValuePairCorr
  0.7UIVVX Mfs Intrinsic ValuePairCorr
  0.9OTCIX Mfs Mid CapPairCorr
  0.72OTCKX Mfs Mid CapPairCorr
  0.72MKVBX Mfs International LargePairCorr
  0.88MKVFX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.88MKVHX Mfs Series TrustPairCorr
  0.68BRKBX Mfs Blended ResearchPairCorr
  0.64BRKCX Mfs Blended ResearchPairCorr
  0.72OTCAX Mfs Mid CapPairCorr
  0.79EMLBX Mfs Emerging MarketsPairCorr
  0.66EMLAX Mfs Emerging MarketsPairCorr
  0.63BRKUX Mfs Blended ResearchPairCorr
  0.64BRKRX Mfs Blended ResearchPairCorr
  0.82BRKTX Mfs Blended ResearchPairCorr
  0.82BRKIX Mfs Blended ResearchPairCorr
  0.8EMLNX Mfs Emerging MarketsPairCorr
  0.66DIFIX Mfs Diversified IncomePairCorr
  0.8EMLMX Mfs Emerging MarketsPairCorr
  0.9DIFHX Mfs Diversified IncomePairCorr
  0.8EMLKX Mfs Emerging MarketsPairCorr
  0.69DIFGX Mfs Diversified IncomePairCorr
  0.71DIFFX Mfs Diversified IncomePairCorr
  0.65EMLIX Mfs Emerging MarketsPairCorr
  0.9DIFEX Mfs Diversified IncomePairCorr
  0.9DIFDX Mfs Diversified IncomePairCorr
  0.72DIFCX Mfs Diversified IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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