Mfs Emerging Correlations

EMLBX Fund

USD 5.42 0.02 0.37%

The current 90-days correlation between Mfs Emerging Markets and Stone Ridge Diversified is -0.09 (i.e., Good diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Emerging Markets. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

0.93	FPPJX	Mfs Prudent Investor	Pair Corr
0.93	FPPQX	Mfs Prudent Investor	Pair Corr
0.93	FPPRX	Mfs Prudent Investor	Pair Corr
0.93	FPPSX	Mfs Prudent Investor	Pair Corr
0.93	FPPUX	Mfs Prudent Investor	Pair Corr
0.93	FPPVX	Mfs Prudent Investor	Pair Corr
0.76	HYPPX	Mfs High Yield	Pair Corr
0.98	MKVCX	Mfs International Large	Pair Corr
0.98	MKVBX	Mfs International Large	Pair Corr
0.98	MKVGX	Mfs International Large	Pair Corr
0.91	MKVFX	Mfs International Large	Pair Corr
0.97	MKVEX	Mfs International Large	Pair Corr
0.98	MKVDX	Mfs International Large	Pair Corr
0.97	MKVIX	Mfs International Large	Pair Corr
0.91	MKVHX	Mfs Series Trust	Pair Corr
0.82	BRKBX	Mfs Blended Research	Pair Corr
0.82	BRKCX	Mfs Blended Research	Pair Corr
0.85	BRKAX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.36	UIVCX	Mfs Intrinsic Value	Pair Corr
0.34	UIVIX	Mfs Intrinsic Value	Pair Corr
0.55	OTCHX	Mfs Mid Cap	Pair Corr
0.54	OTCIX	Mfs Mid Cap	Pair Corr
0.54	OTCJX	Mfs Mid Cap	Pair Corr
0.52	OTCGX	Mfs Mid Cap	Pair Corr
0.5	OTCKX	Mfs Mid Cap	Pair Corr
0.38	UIVNX	Mfs Intrinsic Value	Pair Corr
0.37	UIVQX	Mfs Intrinsic Value	Pair Corr
0.36	UIVMX	Mfs Intrinsic Value	Pair Corr
0.34	UIVPX	Mfs Intrinsic Value	Pair Corr
0.34	UIVVX	Mfs Intrinsic Value	Pair Corr
0.34	UIVRX	Mfs Intrinsic Value	Pair Corr
0.55	OTCBX	Mfs Mid Cap	Pair Corr
0.52	OTCCX	Mfs Mid Cap	Pair Corr
0.51	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	SRDAX	JDJRX	FZABX	MDBLX	OIDAX	DDFIX	XWDIX	LIGFX
SRDAX		0.28	-0.21	-0.4	-0.21	0.27	-0.51	0.09	SRDAX
JDJRX	0.28		0.51	0.29	0.46	0.83	0.21	0.79	JDJRX
FZABX	-0.21	0.51		0.82	0.86	0.51	0.46	0.76	FZABX
MDBLX	-0.4	0.29	0.82		0.66	0.16	0.64	0.5	MDBLX
OIDAX	-0.21	0.46	0.86	0.66		0.57	0.59	0.8	OIDAX
DDFIX	0.27	0.83	0.51	0.16	0.57		0.15	0.91	DDFIX
XWDIX	-0.51	0.21	0.46	0.64	0.59	0.15		0.38	XWDIX
LIGFX	0.09	0.79	0.76	0.5	0.8	0.91	0.38		LIGFX
	SRDAX	JDJRX	FZABX	MDBLX	OIDAX	DDFIX	XWDIX	LIGFX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LIGFX	+ 0.91	DDFIX
OIDAX	+ 0.86	FZABX
DDFIX	+ 0.83	JDJRX
MDBLX	+ 0.82	FZABX
LIGFX	+ 0.8	OIDAX
LIGFX	+ 0.79	JDJRX

High negative correlations

XWDIX	- 0.51	SRDAX
MDBLX	- 0.4	SRDAX
OIDAX	- 0.21	SRDAX
FZABX	- 0.21	SRDAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRDAX	0.16	0.00	0.15	(0.11)	0.16	(0.20)	0.29	(0.37)	0.76
JDJRX	0.33	0.00	0.08	(0.11)	0.39	(0.41)	0.66	(0.75)	2.62
FZABX	0.74	0.09	0.10	0.11	1.00	(0.72)	1.45	(1.37)	6.16
MDBLX	0.23	0.02	0.18	0.28	0.18	(0.30)	0.50	(0.38)	1.38
OIDAX	0.71	(0.02)	0.00	(0.09)	0.00	0.00	1.42	(1.46)	5.03
DDFIX	0.66	0.02	0.03	(0.01)	0.89	(0.68)	1.19	(1.23)	3.44
XWDIX	0.20	(0.03)	0.00	0.64	0.00	0.00	0.33	(0.46)	1.59
LIGFX	0.32	0.00	0.06	(0.03)	0.43	(0.34)	0.55	(0.67)	1.75

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