Mfs Emerging Correlations

MEDGX Fund

USD 12.09 0.03 0.25%

The current 90-days correlation between Mfs Emerging Markets and Amg River Road is 0.18 (i.e., Average 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 price.

Moving together with Mfs Mutual Fund

0.92	FPPJX	Mfs Prudent Investor	Pair Corr
0.92	FPPQX	Mfs Prudent Investor	Pair Corr
0.92	FPPRX	Mfs Prudent Investor	Pair Corr
0.92	FPPSX	Mfs Prudent Investor	Pair Corr
0.92	FPPUX	Mfs Prudent Investor	Pair Corr
0.92	FPPVX	Mfs Prudent Investor	Pair Corr
0.91	HYPPX	Mfs High Yield	Pair Corr
0.91	MKVCX	Mfs International Large	Pair Corr
0.91	MKVGX	Mfs International Large	Pair Corr
0.91	MKVFX	Mfs International Large	Pair Corr
0.91	MKVDX	Mfs International Large	Pair Corr
0.9	EMLBX	Mfs Emerging Markets	Pair Corr
0.71	BRKUX	Mfs Blended Research	Pair Corr
0.71	BRKTX	Mfs Blended Research	Pair Corr
0.9	EMLNX	Mfs Emerging Markets	Pair Corr
0.97	DIFIX	Mfs Diversified Income	Pair Corr
0.91	EMLLX	Mfs Emerging Markets	Pair Corr
0.97	DIFHX	Mfs Diversified Income	Pair Corr
0.91	EMLKX	Mfs Emerging Markets	Pair Corr
0.9	EMLJX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.37	OTCGX	Mfs Mid Cap	Pair Corr
0.36	OTCJX	Mfs Mid Cap	Pair Corr
0.36	OTCKX	Mfs Mid Cap	Pair Corr
0.36	OTCAX	Mfs Mid Cap	Pair Corr
0.35	OTCIX	Mfs Mid Cap	Pair Corr
0.55	BRWCX	Mfs Blended Research	Pair Corr
0.54	BRWUX	Mfs Blended Research	Pair Corr
0.52	BRSBX	Mfs Blended Research	Pair Corr
0.49	BRWRX	Mfs Blended Research	Pair Corr
0.37	OTCBX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	ARSVX	ASVIX	RYCLX	AFDVX	SMVTX	UCPIX
ARSVX		0.95	-0.39	0.93	0.92	-0.89	ARSVX
ASVIX	0.95		-0.36	0.96	0.97	-0.93	ASVIX
RYCLX	-0.39	-0.36		-0.55	-0.39	0.61	RYCLX
AFDVX	0.93	0.96	-0.55		0.95	-0.96	AFDVX
SMVTX	0.92	0.97	-0.39	0.95		-0.9	SMVTX
UCPIX	-0.89	-0.93	0.61	-0.96	-0.9		UCPIX
	ARSVX	ASVIX	RYCLX	AFDVX	SMVTX	UCPIX

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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

SMVTX	+ 0.97	ASVIX
AFDVX	+ 0.96	ASVIX
ASVIX	+ 0.95	ARSVX
SMVTX	+ 0.95	AFDVX
AFDVX	+ 0.93	ARSVX
SMVTX	+ 0.92	ARSVX

High negative correlations

UCPIX	- 0.96	AFDVX
UCPIX	- 0.93	ASVIX
UCPIX	- 0.9	SMVTX
UCPIX	- 0.89	ARSVX
AFDVX	- 0.55	RYCLX
SMVTX	- 0.39	RYCLX

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
ARSVX	0.81	(0.16)	0.00	(0.27)	0.00	0.00	1.19	(1.54)	7.70
ASVIX	0.95	(0.17)	0.00	(0.21)	0.00	0.00	1.23	(2.37)	6.50
RYCLX	1.15	(0.12)	0.00	(1.52)	0.00	0.00	2.30	(1.54)	19.50
AFDVX	0.81	(0.11)	0.00	(0.19)	0.00	0.00	1.55	(1.93)	4.58
SMVTX	1.01	(0.15)	0.00	(0.22)	0.00	0.00	1.39	(2.22)	9.55
UCPIX	1.93	0.26	0.22	(0.20)	1.89	(2.27)	5.49	(3.25)	13.88

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