Mfs Core Correlations

Mutual Funds . USA . 
Fund . Mfs E Equity
MRGAX Fund  USD 54.90  0.62  1.14%   
The current 90-days correlation between Mfs E Equity and Rbb Fund is 0.75 (i.e., Poor diversification). The correlation of Mfs Core 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 Core Correlation With Market

Good diversification

The correlation between Mfs E Equity and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs E Equity 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 E Equity. 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

  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.72HYPPX Mfs High YieldPairCorr
  0.7MKVCX Mfs International LargePairCorr
  0.69MKVEX Mfs International LargePairCorr
  0.75BRKBX Mfs Blended ResearchPairCorr
  0.62DIFIX Mfs Diversified IncomePairCorr
  0.87MNDBX Mfs New DiscoveryPairCorr
  0.79MRSAX Mfs Research InternaPairCorr
  0.7MRSKX Mfs Research InternaPairCorr
  0.92MACIX Mfs Servative AllocationPairCorr
  0.93MACNX Mfs Servative AllocationPairCorr
  0.94MAGEX Mfs Growth AllocationPairCorr
  0.97MSRRX Mfs ResearchPairCorr
  0.81MTCCX Mfs TechnologyPairCorr
  0.64MBRRX Mfs Porate BondPairCorr
  0.77EEMDX Mfs Emerging Markets Potential GrowthPairCorr
  0.7MFBKX Mfs Porate BondPairCorr
  0.83MGRAX Mfs International GrowthPairCorr
  0.73MGRDX Mfs International GrowthPairCorr
  0.77MIGHX Massachusetts InvestorsPairCorr
  0.88MIGFX Massachusetts Investors Potential GrowthPairCorr
  0.88MIGBX Massachusetts Investors Potential GrowthPairCorr
  0.65MINIX Mfs International ValuePairCorr
  0.65MINJX Mfs International ValuePairCorr
  0.92VTSAX Vanguard Total StockPairCorr
  0.8VFIAX Vanguard 500 IndexPairCorr
  0.81VTSMX Vanguard Total StockPairCorr
  0.81VITSX Vanguard Total StockPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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