Mfs Global Correlations

Mutual Funds . USA . 
Fund . Mfs Global Real
MGLAX Fund  USD 16.27  0.08  0.49%   
The current 90-days correlation between Mfs Global Real and Mfs Global Real is 1.0 (i.e., No risk reduction). The correlation of Mfs Global 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 Global Correlation With Market

Very weak diversification

The correlation between Mfs Global Real and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real 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 Global Real. 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 nation.

Moving together with Mfs Mutual Fund

  0.78LFTFX Mfs Lifetime 2065PairCorr
  0.8LFTJX Mfs Lifetime 2065PairCorr
  0.8LFTGX Mfs Lifetime 2065PairCorr
  0.68LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.66LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.66LFTLX Mfs Lifetime 2065PairCorr
  0.83UIVIX Mfs Intrinsic ValuePairCorr
  0.84UIVCX Mfs Intrinsic ValuePairCorr
  0.83UIVPX Mfs Intrinsic ValuePairCorr
  0.83UIVQX Mfs Intrinsic ValuePairCorr
  0.83UIVNX Mfs Intrinsic ValuePairCorr
  0.84UIVMX Mfs Intrinsic ValuePairCorr
  0.83UIVVX Mfs Intrinsic ValuePairCorr
  0.83UIVRX Mfs Intrinsic ValuePairCorr
  0.87OTCHX Mfs Mid CapPairCorr
  0.87OTCIX Mfs Mid CapPairCorr
  0.87OTCJX Mfs Mid CapPairCorr
  0.87OTCKX Mfs Mid CapPairCorr
  0.66MKVCX Mfs International LargePairCorr
  0.64MKVBX Mfs International LargePairCorr
  0.89OTCGX Mfs Mid CapPairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.77MKVFX Mfs International LargePairCorr
  0.64MKVEX Mfs International LargePairCorr
  0.71MKVDX Mfs International LargePairCorr
  0.64MKVIX Mfs International LargePairCorr
  0.64MKVHX Mfs Series TrustPairCorr
  0.87OTCAX Mfs Mid CapPairCorr

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 Global 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 Global'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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