Mfs Emerging Correlations

MEDEX Fund  USD 12.14  0.03  0.25%   
The current 90-days correlation between Mfs Emerging Markets and T Rowe Price is 0.39 (i.e., Weak 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 0.16 (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

  0.91FPPJX Mfs Prudent InvestorPairCorr
  0.91FPPQX Mfs Prudent InvestorPairCorr
  0.91FPPRX Mfs Prudent InvestorPairCorr
  0.91FPPSX Mfs Prudent InvestorPairCorr
  0.91FPPUX Mfs Prudent InvestorPairCorr
  0.91FPPVX Mfs Prudent InvestorPairCorr
  0.9HYPPX Mfs High YieldPairCorr
  0.9MKVCX Mfs International LargePairCorr
  0.9MKVGX Mfs International LargePairCorr
  0.9MKVFX Mfs International LargePairCorr
  0.9MKVDX Mfs International LargePairCorr
  0.7BRKBX Mfs Blended ResearchPairCorr
  0.9EMLBX Mfs Emerging MarketsPairCorr
  0.71BRKUX Mfs Blended ResearchPairCorr
  0.71BRKTX Mfs Blended ResearchPairCorr
  0.9EMLNX Mfs Emerging MarketsPairCorr
  0.97DIFIX Mfs Diversified IncomePairCorr
  0.91EMLLX Mfs Emerging MarketsPairCorr
  0.97DIFHX Mfs Diversified IncomePairCorr
  0.91EMLKX Mfs Emerging MarketsPairCorr
  0.9EMLJX Mfs Emerging MarketsPairCorr

Moving against Mfs Mutual Fund

  0.38OTCGX Mfs Mid CapPairCorr
  0.37OTCIX Mfs Mid CapPairCorr
  0.37OTCJX Mfs Mid CapPairCorr
  0.37OTCKX Mfs Mid CapPairCorr
  0.37OTCAX Mfs Mid CapPairCorr
  0.56BRSBX Mfs Blended ResearchPairCorr
  0.56BRWRX Mfs Blended ResearchPairCorr
  0.56BRWCX Mfs Blended ResearchPairCorr
  0.55BRWUX Mfs Blended ResearchPairCorr
  0.38OTCBX Mfs Mid CapPairCorr

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   
CABIXTBLDX
DIHRXFMUUX
WRLDXTBLDX
WRLDXCABIX
DIHRXWRLDX
OPTCXFMUUX
  
High negative correlations   
XHYIXOPTCX
XHYIXFMUUX
XHYIXDIHRX

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.