Mfs Series Correlations

Mutual Funds USA . 
Fund . Mfs Series Trust
MKVHX Fund  USD 16.01  0.14  0.87%   
The current 90-days correlation between Mfs Series Trust and Jpmorgan Smartretirement 2030 is -0.11 (i.e., Good diversification). The correlation of Mfs Series 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 Series Correlation With Market

Good diversification

The correlation between Mfs Series Trust and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Series 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 Mfs Series Trust. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mfs Mutual Fund

  0.99DOXFX Dodge Cox InternationalPairCorr
  0.98OANIX Oakmark InternationalPairCorr
  0.99DODFX Dodge International StockPairCorr
  0.98OAKIX Oakmark InternationalPairCorr
  0.98OAYIX Oakmark InternationalPairCorr
  0.98OAZIX Oakmark InternationalPairCorr
  1.0FINVX Fidelity Series IntePairCorr
  0.98VTRIX Vanguard InternationalPairCorr
  0.99RRIGX T Rowe PricePairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.96VINIX Vanguard InstitutionalPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.98IAF Aberdeen AustraliaPairCorr
  0.72GE GE AerospacePairCorr
  0.65CVX Chevron CorpPairCorr
  0.73MSFT MicrosoftPairCorr
  0.69BAC Bank of America Earnings Call This WeekPairCorr
  0.66JPM JPMorgan Chase Earnings Call This WeekPairCorr
  0.72CAT CaterpillarPairCorr
  0.74CSCO Cisco SystemsPairCorr
  0.66PFE Pfizer IncPairCorr
  0.69IBM International BusinessPairCorr

Moving against Mfs Mutual Fund

  0.59MCD McDonaldsPairCorr
  0.33PG Procter GamblePairCorr

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 Series 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 Series' 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY