Mfs Total Correlations

Mutual Funds USA . 
Fund . Mfs Total Return
MSFRX Fund  USD 19.73  0.01  0.05%   
The current 90-days correlation between Mfs Total Return and Adams Natural Resources is 0.46 (i.e., Very weak 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

Very poor diversification

The correlation between Mfs Total Return and DJI is 0.86 (i.e., Very poor 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.97LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065PairCorr
  0.95HYPPX Mfs High YieldPairCorr
  0.96UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.96UIVPX Mfs Intrinsic ValuePairCorr
  0.96UIVQX Mfs Intrinsic ValuePairCorr
  0.96UIVNX Mfs Intrinsic ValuePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.96UIVVX Mfs Intrinsic ValuePairCorr
  0.96UIVRX Mfs Intrinsic ValuePairCorr
  0.95OTCHX Mfs Mid CapPairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.95OTCJX Mfs Mid CapPairCorr
  0.95OTCKX Mfs Mid CapPairCorr
  0.92MKVCX Mfs International LargePairCorr
  0.92MKVBX Mfs International LargePairCorr
  0.95OTCGX Mfs Mid CapPairCorr
  0.92MKVGX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.92MKVDX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.97BRKBX Mfs Blended ResearchPairCorr
  0.97BRKCX Mfs Blended ResearchPairCorr
  0.97BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX 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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