Massachusetts Investors Correlations

Mutual Funds . USA . 
Fund . Massachusetts Investors Trust
MITGX Fund  USD 33.88  0.19  0.56%   
The current 90-days correlation between Massachusetts Investors and Eaton Vance Worldwide is 0.59 (i.e., Very weak diversification). The correlation of Massachusetts Investors 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.

Massachusetts Investors Correlation With Market

Almost no diversification

The correlation between Massachusetts Investors Trust and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Trust 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 Massachusetts Investors Trust. 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 price.

Moving together with Massachusetts Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.99LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.95HYPPX Mfs High YieldPairCorr
  0.99UIVIX Mfs Intrinsic ValuePairCorr
  0.99UIVCX Mfs Intrinsic ValuePairCorr
  0.99UIVPX Mfs Intrinsic ValuePairCorr
  0.99UIVQX Mfs Intrinsic ValuePairCorr
  0.99UIVNX Mfs Intrinsic ValuePairCorr
  0.99UIVMX Mfs Intrinsic ValuePairCorr
  0.99UIVVX Mfs Intrinsic ValuePairCorr
  0.99UIVRX Mfs Intrinsic ValuePairCorr
  0.98OTCHX Mfs Mid CapPairCorr
  0.98OTCIX Mfs Mid CapPairCorr
  0.98OTCJX Mfs Mid CapPairCorr
  0.98OTCKX Mfs Mid CapPairCorr
  0.95MKVCX Mfs International LargePairCorr
  0.95MKVBX Mfs International LargePairCorr
  0.98OTCGX Mfs Mid CapPairCorr
  0.95MKVGX Mfs International LargePairCorr
  0.95MKVFX Mfs International LargePairCorr
  0.95MKVEX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.95MKVHX Mfs Series TrustPairCorr
  0.98BRKBX Mfs Blended ResearchPairCorr
  0.98BRKCX Mfs Blended ResearchPairCorr
  0.98BRKAX Mfs Blended ResearchPairCorr
  0.98OTCAX Mfs Mid CapPairCorr
  0.98OTCBX Mfs Mid CapPairCorr
  0.98OTCCX Mfs Mid CapPairCorr
  0.92EMLBX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Massachusetts Mutual Fund performing well and Massachusetts Investors 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 Massachusetts Investors' 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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