Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCHX Fund  USD 30.43  0.25  0.83%   
The current 90-days correlation between Mfs Mid Cap and T Rowe Price is 0.83 (i.e., Very poor diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Mfs Mid Cap and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Mfs Mid Cap. 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 rate.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.9HYPPX Mfs High YieldPairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.96UIVQX Mfs Intrinsic ValuePairCorr
  0.99UIVRX Mfs Intrinsic ValuePairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  1.0OTCJX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.95MKVBX Mfs International LargePairCorr
  1.0OTCGX Mfs Mid CapPairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVDX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.95BRKAX Mfs Blended ResearchPairCorr
  0.98OTCAX Mfs Mid CapPairCorr
  1.0OTCCX Mfs Mid CapPairCorr
  0.88EMLBX Mfs Emerging MarketsPairCorr
  0.89EMLAX Mfs Emerging MarketsPairCorr
  0.95BRKUX Mfs Blended ResearchPairCorr
  0.95BRKSX Mfs Blended ResearchPairCorr
  0.95BRKTX Mfs Blended ResearchPairCorr
  0.95BRKIX Mfs Blended ResearchPairCorr
  0.88EMLNX Mfs Emerging MarketsPairCorr
  0.94DIFIX Mfs Diversified IncomePairCorr
  0.94DIFHX Mfs Diversified IncomePairCorr
  0.89EMLKX Mfs Emerging MarketsPairCorr
  0.94DIFGX Mfs Diversified IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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