Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
MCVIX Fund  USD 30.60  0.60  2.00%   
The current 90-days correlation between Mfs Mid Cap and Mfs Growth Fund is 0.26 (i.e., Modest diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.75LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.77LFTGX Mfs Lifetime 2065PairCorr
  0.75LFTHX Mfs Lifetime 2065PairCorr
  0.76LFTMX Mfs Lifetime 2065PairCorr
  0.76LFTNX Mfs Lifetime 2065PairCorr
  0.77LFTKX Mfs Lifetime 2065PairCorr
  0.77LFTLX Mfs Lifetime 2065PairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.75UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.79OTCHX Mfs Mid CapPairCorr
  0.93OTCIX Mfs Mid CapPairCorr
  0.79OTCJX Mfs Mid CapPairCorr
  0.93OTCGX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.34DIFAX Mfs Diversified IncomePairCorr
  0.33DIFGX Mfs Diversified IncomePairCorr
  0.33EMLIX Mfs Emerging MarketsPairCorr
  0.32EMLAX Mfs Emerging MarketsPairCorr
  0.32EMLNX Mfs Emerging MarketsPairCorr
  0.32EMLMX Mfs Emerging MarketsPairCorr
  0.31EMLBX Mfs Emerging MarketsPairCorr
  0.31EMLLX 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   
TEGYX
+ 0.71
MFEIX
MDIJX
+ 0.58
MEIIX
OTCIX
+ 0.49
TEGYX
MEIIX
+ 0.46
MFEIX
TEGYX
+ 0.42
MEIIX
  
High negative correlations   
OTCIX
- 0.26
MEIIX
OTCIX
- 0.19
MDIJX
TEGYX
- 0.08
MDIJX
MDIJX
- 0.07
MFEIX
OTCIX
- 0.06
MFEIX

Risk-Adjusted Indicators

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