Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Fund
MFEKX Fund  USD 190.50  0.49  0.26%   
The current 90-days correlation between Mfs Growth Fund and Global Diversified Income is -0.11 (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 0.69 (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 industry.

Moving together with Mfs Mutual Fund

  0.69LFTFX Mfs Lifetime 2065PairCorr
  0.71LFTJX Mfs Lifetime 2065PairCorr
  0.71LFTGX Mfs Lifetime 2065PairCorr
  0.68LFTHX Mfs Lifetime 2065PairCorr
  0.68LFTMX Mfs Lifetime 2065PairCorr
  0.68LFTNX Mfs Lifetime 2065PairCorr
  0.69LFTKX Mfs Lifetime 2065PairCorr
  0.69LFTLX Mfs Lifetime 2065PairCorr
  0.85UIVIX Mfs Intrinsic ValuePairCorr
  0.9UIVCX Mfs Intrinsic ValuePairCorr
  0.85UIVPX Mfs Intrinsic ValuePairCorr
  0.89UIVQX Mfs Intrinsic ValuePairCorr
  0.85UIVNX Mfs Intrinsic ValuePairCorr
  0.9UIVMX Mfs Intrinsic ValuePairCorr
  0.9UIVVX Mfs Intrinsic ValuePairCorr
  0.89UIVRX Mfs Intrinsic ValuePairCorr
  0.86OTCHX Mfs Mid CapPairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.85OTCKX Mfs Mid CapPairCorr
  0.86OTCGX Mfs Mid CapPairCorr
  0.86OTCAX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.44FPPUX Mfs Prudent InvestorPairCorr
  0.43FPPJX Mfs Prudent InvestorPairCorr
  0.43FPPQX Mfs Prudent InvestorPairCorr
  0.43FPPSX Mfs Prudent InvestorPairCorr
  0.43FPPVX Mfs Prudent InvestorPairCorr
  0.42FPPRX Mfs Prudent InvestorPairCorr
  0.41MKVBX Mfs International LargePairCorr
  0.41MKVGX Mfs International LargePairCorr
  0.41MKVFX Mfs International LargePairCorr
  0.4MKVCX Mfs International LargePairCorr
  0.4MKVEX Mfs International LargePairCorr
  0.4MKVDX Mfs International LargePairCorr
  0.47EMLNX Mfs Emerging MarketsPairCorr
  0.44EMLBX Mfs Emerging MarketsPairCorr
  0.44EMLAX Mfs Emerging MarketsPairCorr
  0.41MKVIX Mfs International LargePairCorr
  0.41MKVHX 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 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.

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