Mfs Conservative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACKX Fund  USD 15.86  0.03  0.19%   
The current 90-days correlation between Mfs Servative Allocation and Nuveen Nwq Large Cap is 0.35 (i.e., Weak diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Modest diversification

The correlation between Mfs Servative Allocation and DJI is 0.22 (i.e., Modest 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 industry.

Moving together with Mfs Mutual Fund

  0.86LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.87LFTGX Mfs Lifetime 2065PairCorr
  0.76LFTHX Mfs Lifetime 2065PairCorr
  0.79LFTMX Mfs Lifetime 2065PairCorr
  0.76LFTNX Mfs Lifetime 2065PairCorr
  0.86LFTKX Mfs Lifetime 2065PairCorr
  0.86LFTLX Mfs Lifetime 2065PairCorr
  0.79UIVIX Mfs Intrinsic ValuePairCorr
  0.82UIVCX Mfs Intrinsic ValuePairCorr
  0.79UIVPX Mfs Intrinsic ValuePairCorr
  0.8UIVNX Mfs Intrinsic ValuePairCorr
  0.8UIVMX Mfs Intrinsic ValuePairCorr
  0.79UIVVX Mfs Intrinsic ValuePairCorr
  0.81UIVRX Mfs Intrinsic ValuePairCorr
  0.76OTCHX Mfs Mid CapPairCorr
  0.78OTCJX Mfs Mid CapPairCorr
  0.75OTCKX Mfs Mid CapPairCorr
  0.79MKVCX Mfs International LargePairCorr
  0.62MKVBX Mfs International LargePairCorr
  0.76OTCGX Mfs Mid CapPairCorr
  0.79MKVGX Mfs International LargePairCorr
  0.79MKVFX Mfs International LargePairCorr
  0.62MKVEX Mfs International LargePairCorr
  0.81MKVDX Mfs International LargePairCorr
  0.62MKVIX Mfs International LargePairCorr
  0.79MKVHX Mfs Series TrustPairCorr
  0.78OTCAX Mfs Mid CapPairCorr
  0.77OTCBX Mfs Mid CapPairCorr
  0.77OTCCX Mfs Mid CapPairCorr
  0.81EMLBX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

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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   
QGRIX
+ 0.98
PHTNX
HBACX
+ 0.96
QGRIX
HBACX
+ 0.95
PHTNX
PHTNX
+ 0.79
NQCAX
DFUSX
+ 0.74
HBACX
DFUSX
+ 0.71
QGRIX
  
High negative correlations   
TRBCX
- 0.15
NQCAX

Risk-Adjusted Indicators

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