Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Fund
MEGBX Fund  USD 118.13  0.29  0.25%   
The current 90-days correlation between Mfs Growth Fund and Multimanager Lifestyle Servative is -0.08 (i.e., Good diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Poor diversification

The correlation between Mfs Growth Fund and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth Fund 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 Growth Fund. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.63LFTFX Mfs Lifetime 2065PairCorr
  0.65LFTJX Mfs Lifetime 2065PairCorr
  0.65LFTGX Mfs Lifetime 2065PairCorr
  0.63LFTHX Mfs Lifetime 2065PairCorr
  0.62LFTMX Mfs Lifetime 2065PairCorr
  0.62LFTNX Mfs Lifetime 2065PairCorr
  0.63LFTKX Mfs Lifetime 2065PairCorr
  0.63LFTLX Mfs Lifetime 2065PairCorr
  0.79UIVIX Mfs Intrinsic ValuePairCorr
  0.84UIVCX Mfs Intrinsic ValuePairCorr
  0.8UIVPX Mfs Intrinsic ValuePairCorr
  0.83UIVQX Mfs Intrinsic ValuePairCorr
  0.8UIVNX Mfs Intrinsic ValuePairCorr
  0.84UIVMX Mfs Intrinsic ValuePairCorr
  0.83UIVVX Mfs Intrinsic ValuePairCorr
  0.83UIVRX Mfs Intrinsic ValuePairCorr
  0.75OTCHX Mfs Mid CapPairCorr
  0.75OTCIX Mfs Mid CapPairCorr
  0.75OTCJX Mfs Mid CapPairCorr
  0.75OTCKX Mfs Mid CapPairCorr
  0.75OTCGX Mfs Mid CapPairCorr
  0.75OTCAX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.4FPPJX Mfs Prudent InvestorPairCorr
  0.4FPPQX Mfs Prudent InvestorPairCorr
  0.4FPPSX Mfs Prudent InvestorPairCorr
  0.4FPPUX Mfs Prudent InvestorPairCorr
  0.4FPPVX Mfs Prudent InvestorPairCorr
  0.39FPPRX Mfs Prudent InvestorPairCorr
  0.33MKVCX Mfs International LargePairCorr
  0.33MKVBX Mfs International LargePairCorr
  0.33MKVGX Mfs International LargePairCorr
  0.33MKVFX Mfs International LargePairCorr
  0.33MKVEX Mfs International LargePairCorr
  0.33MKVDX Mfs International LargePairCorr
  0.39EMLNX Mfs Emerging MarketsPairCorr
  0.36EMLBX Mfs Emerging MarketsPairCorr
  0.36EMLAX Mfs Emerging MarketsPairCorr
  0.34MKVHX Mfs Series TrustPairCorr
  0.33MKVIX Mfs International LargePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY