Mfs E Correlations

Mutual Funds . USA . 
Fund . Mfs E Equity
MRGAX Fund  USD 53.67  0.01  0.02%   
The current 90-days correlation between Mfs E Equity and Mfs Growth Fund is 0.94 (i.e., Almost no diversification). The correlation of Mfs E 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 E Correlation With Market

Good diversification

The correlation between Mfs E Equity and DJI is -0.09 (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

  1.0LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  1.0LFTGX Mfs Lifetime 2065PairCorr
  1.0LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.93HYPPX 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
  0.97UIVMX Mfs Intrinsic ValuePairCorr
  0.99UIVVX Mfs Intrinsic ValuePairCorr
  0.99UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.95MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.97OTCGX 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
  0.97BRKCX Mfs Blended ResearchPairCorr
  0.98BRKAX Mfs Blended ResearchPairCorr
  0.99OTCAX Mfs Mid CapPairCorr
  0.99OTCBX Mfs Mid CapPairCorr
  0.97OTCCX Mfs Mid CapPairCorr
  0.9EMLBX Mfs Emerging MarketsPairCorr

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 E 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 E'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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