Mfs Total Correlations

Mutual Funds . USA . 
Fund . Mfs Total Return
MRBFX Fund  USD 9.47  0.01  0.11%   
The current 90-days correlation between Mfs Total Return and Great West Inflation Protected Securities is 0.81 (i.e., Very poor diversification). The correlation of Mfs Total 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 Total Correlation With Market

Modest diversification

The correlation between Mfs Total Return and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Total Return 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 Total Return. 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 census.

Moving together with Mfs Mutual Fund

  0.73LFTFX Mfs Lifetime 2065PairCorr
  0.73LFTJX Mfs Lifetime 2065PairCorr
  0.73LFTGX Mfs Lifetime 2065PairCorr
  0.73LFTHX Mfs Lifetime 2065PairCorr
  0.73LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.73LFTKX Mfs Lifetime 2065PairCorr
  0.73LFTLX Mfs Lifetime 2065PairCorr
  0.83HYPPX Mfs High YieldPairCorr
  0.7UIVIX Mfs Intrinsic ValuePairCorr
  0.7UIVCX Mfs Intrinsic ValuePairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.7UIVQX Mfs Intrinsic ValuePairCorr
  0.7UIVNX Mfs Intrinsic ValuePairCorr
  0.7UIVMX Mfs Intrinsic ValuePairCorr
  0.7UIVVX Mfs Intrinsic ValuePairCorr
  0.7UIVRX Mfs Intrinsic ValuePairCorr
  0.71OTCHX Mfs Mid CapPairCorr
  0.71OTCIX Mfs Mid CapPairCorr
  0.71OTCJX Mfs Mid CapPairCorr
  0.71OTCKX Mfs Mid CapPairCorr
  0.69MKVCX Mfs International LargePairCorr
  0.69MKVBX Mfs International LargePairCorr
  0.7OTCGX Mfs Mid CapPairCorr
  0.7MKVGX Mfs International LargePairCorr
  0.7MKVFX Mfs International LargePairCorr
  0.69MKVEX Mfs International LargePairCorr
  0.69MKVDX Mfs International LargePairCorr
  0.7MKVIX Mfs International LargePairCorr
  0.7MKVHX Mfs Series TrustPairCorr
  0.74BRKBX Mfs Blended ResearchPairCorr
  0.74BRKCX Mfs Blended ResearchPairCorr
  0.74BRKAX Mfs Blended ResearchPairCorr
  0.7OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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