Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDAX Fund  USD 12.04  0.02  0.17%   
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

Good diversification

The correlation between Mfs Emerging Markets and DJI is -0.03 (i.e., Good 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 Correlation Analysis 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 nation.

Moving together with Mfs Mutual Fund

  0.63LFTJX Mfs Lifetime 2065PairCorr
  0.63LFTHX Mfs Lifetime 2065PairCorr
  0.76LFTMX Mfs Lifetime 2065PairCorr
  0.76LFTNX Mfs Lifetime 2065PairCorr
  0.75LFTKX Mfs Lifetime 2065PairCorr
  0.75LFTLX Mfs Lifetime 2065PairCorr
  0.81HYPPX Mfs High YieldPairCorr
  0.65UIVIX Mfs Intrinsic ValuePairCorr
  0.63UIVCX Mfs Intrinsic ValuePairCorr
  0.64UIVPX Mfs Intrinsic ValuePairCorr
  0.64UIVQX Mfs Intrinsic ValuePairCorr
  0.64UIVNX Mfs Intrinsic ValuePairCorr
  0.63UIVMX Mfs Intrinsic ValuePairCorr
  0.64UIVRX Mfs Intrinsic ValuePairCorr
  0.75MKVCX Mfs International LargePairCorr
  0.75MKVBX Mfs International LargePairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.75MKVFX Mfs International LargePairCorr
  0.75MKVEX Mfs International LargePairCorr
  0.75MKVDX Mfs International LargePairCorr
  0.76MKVIX Mfs International LargePairCorr
  0.75MKVHX Mfs Series TrustPairCorr
  0.71BRKCX Mfs Blended ResearchPairCorr
  0.71BRKAX Mfs Blended ResearchPairCorr

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.

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