Mfs Servative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACJX Fund  USD 16.48  0.04  0.24%   
The current 90-days correlation between Mfs Servative Allocation and Queens Road Small is 0.07 (i.e., Significant diversification). The correlation of Mfs Servative 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 Servative Correlation With Market

Weak diversification

The correlation between Mfs Servative Allocation and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation 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 Servative Allocation. 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 inflation.

Moving together with Mfs Mutual Fund

  0.88LFTFX Mfs Lifetime 2065PairCorr
  0.89LFTJX Mfs Lifetime 2065PairCorr
  0.76LFTGX Mfs Lifetime 2065PairCorr
  0.89LFTHX Mfs Lifetime 2065PairCorr
  0.88LFTMX Mfs Lifetime 2065PairCorr
  0.88LFTNX Mfs Lifetime 2065PairCorr
  0.76LFTKX Mfs Lifetime 2065PairCorr
  0.88LFTLX Mfs Lifetime 2065PairCorr
  0.84UIVIX Mfs Intrinsic ValuePairCorr
  0.85UIVCX Mfs Intrinsic ValuePairCorr
  0.78UIVPX Mfs Intrinsic ValuePairCorr
  0.78UIVQX Mfs Intrinsic ValuePairCorr
  0.84UIVNX Mfs Intrinsic ValuePairCorr
  0.85UIVMX Mfs Intrinsic ValuePairCorr
  0.85UIVVX Mfs Intrinsic ValuePairCorr
  0.84UIVRX Mfs Intrinsic ValuePairCorr
  0.76OTCHX Mfs Mid CapPairCorr
  0.73OTCIX Mfs Mid CapPairCorr
  0.77OTCJX Mfs Mid CapPairCorr
  0.73OTCKX Mfs Mid CapPairCorr
  0.75MKVCX Mfs International LargePairCorr
  0.77OTCGX Mfs Mid CapPairCorr
  0.75MKVGX Mfs International LargePairCorr
  0.75MKVFX Mfs International LargePairCorr
  0.74MKVEX Mfs International LargePairCorr
  0.75MKVDX Mfs International LargePairCorr
  0.75MKVIX Mfs International LargePairCorr
  0.73OTCAX 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 Servative 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 Servative'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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