Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIKX Fund  USD 49.71  0.26  0.52%   
The current 90-days correlation between Mfs Value Fund and Mfs Growth Fund is 0.37 (i.e., Weak diversification). 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 industry.

Moving together with Mfs Mutual Fund

  0.73FPPJX Mfs Prudent InvestorPairCorr
  0.73FPPQX Mfs Prudent InvestorPairCorr
  0.73FPPRX Mfs Prudent InvestorPairCorr
  0.73FPPSX Mfs Prudent InvestorPairCorr
  0.73FPPUX Mfs Prudent InvestorPairCorr
  0.73FPPVX Mfs Prudent InvestorPairCorr
  0.68LFTFX Mfs Lifetime 2065PairCorr
  0.66LFTJX Mfs Lifetime 2065PairCorr
  0.66LFTGX Mfs Lifetime 2065PairCorr
  0.68LFTHX Mfs Lifetime 2065PairCorr
  0.69LFTMX Mfs Lifetime 2065PairCorr
  0.69LFTNX Mfs Lifetime 2065PairCorr
  0.67LFTKX Mfs Lifetime 2065PairCorr
  0.68LFTLX Mfs Lifetime 2065PairCorr
  0.78HYPPX Mfs High YieldPairCorr
  0.67MKVCX Mfs International LargePairCorr
  0.67MKVBX Mfs International LargePairCorr
  0.67MKVGX Mfs International LargePairCorr
  0.67MKVFX Mfs International LargePairCorr
  0.67MKVEX Mfs International LargePairCorr
  0.67MKVDX Mfs International LargePairCorr
  0.67MKVIX Mfs International LargePairCorr
  0.67MKVHX Mfs Series TrustPairCorr
  0.61BRKAX Mfs Blended ResearchPairCorr

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   
JMVYX
+ 0.92
MVCKX
MDIZX
+ 0.88
PTRQX
JMVYX
+ 0.85
MFEKX
MVCKX
+ 0.84
MFEKX
  
High negative correlations   
PTRQX
- 0.5
MFEKX
MVCKX
- 0.39
PTRQX
JMVYX
- 0.38
PTRQX
MDIZX
- 0.37
MFEKX
MVCKX
- 0.29
MDIZX
JMVYX
- 0.23
MDIZX

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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