Mfs Aggressive Correlations

Mutual Funds . USA . 
Fund . Mfs Aggressive Growth
MBAGX Fund  USD 29.93  0.31  1.05%   
The current 90-days correlation between Mfs Aggressive Growth and Franklin Mutual Global is 0.43 (i.e., Very weak diversification). The correlation of Mfs Aggressive 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 Aggressive Correlation With Market

Poor diversification

The correlation between Mfs Aggressive Growth and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Aggressive Growth 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 Aggressive Growth. 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 price.

Moving together with Mfs Mutual Fund

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.86LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.86LFTHX Mfs Lifetime 2065PairCorr
  0.93LFTMX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.93LFTKX Mfs Lifetime 2065PairCorr
  0.93LFTLX Mfs Lifetime 2065PairCorr
  0.87UIVIX Mfs Intrinsic ValuePairCorr
  0.7UIVCX Mfs Intrinsic ValuePairCorr
  0.71UIVPX Mfs Intrinsic ValuePairCorr
  0.8UIVQX Mfs Intrinsic ValuePairCorr
  0.8UIVNX Mfs Intrinsic ValuePairCorr
  0.79UIVMX Mfs Intrinsic ValuePairCorr
  0.87UIVVX Mfs Intrinsic ValuePairCorr
  0.71UIVRX Mfs Intrinsic ValuePairCorr
  0.69OTCHX Mfs Mid CapPairCorr
  0.68OTCIX Mfs Mid CapPairCorr
  0.74OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.73OTCGX Mfs Mid CapPairCorr
  0.71OTCAX 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 Aggressive 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 Aggressive'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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