Mfs Emerging Correlations

MEDEX Fund

USD 12.21 0.01 0.08%

The current 90-days correlation between Mfs Emerging Markets and Fidelity Series Government is 0.79 (i.e., Poor diversification). 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

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.12 (i.e., Average 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 income.

Moving together with Mfs Mutual Fund

0.74	FPPJX	Mfs Prudent Investor	Pair Corr
0.75	FPPQX	Mfs Prudent Investor	Pair Corr
0.76	FPPRX	Mfs Prudent Investor	Pair Corr
0.75	FPPSX	Mfs Prudent Investor	Pair Corr
0.74	FPPUX	Mfs Prudent Investor	Pair Corr
0.74	FPPVX	Mfs Prudent Investor	Pair Corr
0.72	LFTFX	Mfs Lifetime 2065	Pair Corr
0.7	LFTGX	Mfs Lifetime 2065	Pair Corr
0.72	LFTMX	Mfs Lifetime 2065	Pair Corr
0.68	LFTKX	Mfs Lifetime 2065	Pair Corr
0.79	HYPPX	Mfs High Yield	Pair Corr
0.87	MKVCX	Mfs International Large	Pair Corr
0.88	MKVBX	Mfs International Large	Pair Corr
0.88	MKVEX	Mfs International Large	Pair Corr
0.88	MKVIX	Mfs International Large	Pair Corr
0.88	MKVHX	Mfs Series Trust	Pair Corr
0.71	BRKBX	Mfs Blended Research	Pair Corr
0.71	BRKAX	Mfs Blended Research	Pair Corr
0.89	EMLBX	Mfs Emerging Markets	Pair Corr
0.71	BRKUX	Mfs Blended Research	Pair Corr
0.71	BRKRX	Mfs Blended Research	Pair Corr
0.87	DIFIX	Mfs Diversified Income	Pair Corr
0.9	EMLMX	Mfs Emerging Markets	Pair Corr
0.89	EMLKX	Mfs Emerging Markets	Pair Corr
0.88	EMLJX	Mfs Emerging Markets	Pair Corr
0.87	DIFFX	Mfs Diversified Income	Pair Corr

Related Correlations Analysis

	FHNFX	RGVCX	CGTCX	TAMXX	SMAAX	WABXX	DNCGX	RGVJX
FHNFX		0.99	0.99	0.0	0.85	0.0	0.98	0.98	FHNFX
RGVCX	0.99		1.0	0.0	0.83	0.0	0.98	1.0	RGVCX
CGTCX	0.99	1.0		0.0	0.82	0.0	0.98	1.0	CGTCX
TAMXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TAMXX
SMAAX	0.85	0.83	0.82	0.0		0.0	0.82	0.81	SMAAX
WABXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WABXX
DNCGX	0.98	0.98	0.98	0.0	0.82	0.0		0.97	DNCGX
RGVJX	0.98	1.0	1.0	0.0	0.81	0.0	0.97		RGVJX
	FHNFX	RGVCX	CGTCX	TAMXX	SMAAX	WABXX	DNCGX	RGVJX

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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

CGTCX	+ 1.0	RGVCX
RGVJX	+ 1.0	RGVCX
RGVJX	+ 1.0	CGTCX
RGVCX	+ 0.99	FHNFX
CGTCX	+ 0.99	FHNFX
DNCGX	+ 0.98	FHNFX

High negative correlations

RGVJX	- 0.0	WABXX
DNCGX	- 0.0	WABXX
WABXX	- 0.0	SMAAX
RGVJX	- 0.0	TAMXX
DNCGX	- 0.0	TAMXX
WABXX	- 0.0	TAMXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FHNFX	0.23	0.03	0.17	0.38	0.16	(0.27)	0.55	(0.44)	1.44
RGVCX	0.25	0.03	0.18	0.36	0.17	(0.32)	0.51	(0.42)	1.62
CGTCX	0.25	0.03	0.17	0.28	0.20	(0.31)	0.60	(0.43)	1.64
TAMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.13	0.00	0.09	(0.20)	0.18	(0.15)	0.30	(0.30)	1.09
WABXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DNCGX	0.22	0.02	0.16	0.32	0.16	(0.26)	0.48	(0.40)	1.21
RGVJX	0.25	0.04	0.17	0.34	0.19	(0.32)	0.60	(0.42)	1.63

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