Mfs Emerging Correlations

EMLLX Fund  USD 5.43  0.02  0.37%   
The current 90-days correlation between Mfs Emerging Markets and Calvert Developed Market is 0.63 (i.e., Poor 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 0.19 (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 economic analysis.

Moving together with Mfs Mutual Fund

  0.92FPPJX Mfs Prudent InvestorPairCorr
  0.92FPPQX Mfs Prudent InvestorPairCorr
  0.92FPPRX Mfs Prudent InvestorPairCorr
  0.92FPPSX Mfs Prudent InvestorPairCorr
  0.92FPPUX Mfs Prudent InvestorPairCorr
  0.92FPPVX Mfs Prudent InvestorPairCorr
  0.77HYPPX Mfs High YieldPairCorr
  0.97MKVCX Mfs International LargePairCorr
  0.97MKVBX Mfs International LargePairCorr
  0.97MKVGX Mfs International LargePairCorr
  0.97MKVFX Mfs International LargePairCorr
  0.97MKVEX Mfs International LargePairCorr
  0.97MKVDX Mfs International LargePairCorr
  0.97MKVIX Mfs International LargePairCorr
  0.97MKVHX Mfs Series TrustPairCorr
  0.84BRKBX Mfs Blended ResearchPairCorr
  0.84BRKCX Mfs Blended ResearchPairCorr
  0.85BRKAX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.48OTCGX Mfs Mid CapPairCorr
  0.47OTCHX Mfs Mid CapPairCorr
  0.47OTCIX Mfs Mid CapPairCorr
  0.47OTCJX Mfs Mid CapPairCorr
  0.47OTCKX Mfs Mid CapPairCorr
  0.48OTCBX Mfs Mid CapPairCorr
  0.48OTCCX Mfs Mid CapPairCorr
  0.47OTCAX 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 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.