Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEICX Fund  USD 49.25  0.07  0.14%   
The correlation of Mfs Value 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 Value Correlation With Market

Poor diversification

The correlation between Mfs Value Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value 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 Value 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.71FPPJX Mfs Prudent InvestorPairCorr
  0.71FPPQX Mfs Prudent InvestorPairCorr
  0.71FPPRX Mfs Prudent InvestorPairCorr
  0.71FPPSX Mfs Prudent InvestorPairCorr
  0.71FPPUX Mfs Prudent InvestorPairCorr
  0.71FPPVX Mfs Prudent InvestorPairCorr
  0.7LFTFX Mfs Lifetime 2065PairCorr
  0.68LFTJX Mfs Lifetime 2065PairCorr
  0.68LFTGX Mfs Lifetime 2065PairCorr
  0.7LFTHX Mfs Lifetime 2065PairCorr
  0.71LFTMX Mfs Lifetime 2065PairCorr
  0.71LFTNX Mfs Lifetime 2065PairCorr
  0.7LFTKX Mfs Lifetime 2065PairCorr
  0.7LFTLX Mfs Lifetime 2065PairCorr
  0.76HYPPX Mfs High YieldPairCorr
  0.65MKVCX Mfs International LargePairCorr
  0.65MKVBX Mfs International LargePairCorr
  0.65MKVGX Mfs International LargePairCorr
  0.65MKVFX Mfs International LargePairCorr
  0.65MKVEX Mfs International LargePairCorr
  0.65MKVDX Mfs International LargePairCorr
  0.65MKVIX Mfs International LargePairCorr
  0.65MKVHX Mfs Series TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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