Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEMBX Fund  USD 31.16  0.37  1.20%   
The current 90-days correlation between Mfs Emerging Markets and Gmo High Yield is 0.02 (i.e., Significant 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

Modest diversification

The correlation between Mfs Emerging Markets and DJI is 0.29 (i.e., Modest 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.74FPPJX Mfs Prudent InvestorPairCorr
  0.73FPPQX Mfs Prudent InvestorPairCorr
  0.75FPPRX Mfs Prudent InvestorPairCorr
  0.73FPPSX Mfs Prudent InvestorPairCorr
  0.76FPPUX Mfs Prudent InvestorPairCorr
  0.74FPPVX Mfs Prudent InvestorPairCorr
  0.62MKVBX Mfs International LargePairCorr
  0.62MKVGX Mfs International LargePairCorr
  0.62MKVFX Mfs International LargePairCorr
  0.61MKVEX Mfs International LargePairCorr
  0.62MKVIX Mfs International LargePairCorr
  0.62MKVHX Mfs Series TrustPairCorr
  1.0BRKBX Mfs Blended ResearchPairCorr
  1.0BRKCX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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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.

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