Mfs Total Correlations

Mutual Funds . USA . 
Fund . Mfs Total Return
MRBFX Fund  USD 9.53  0.02  0.21%   
The current 90-days correlation between Mfs Total Return and Wilmington Diversified Income is 0.29 (i.e., Modest diversification). The correlation of Mfs Total 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 Total Correlation With Market

Modest diversification

The correlation between Mfs Total Return and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Total Return 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 Total Return. 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 census.

Moving together with Mfs Mutual Fund

  0.69FPPJX Mfs Prudent InvestorPairCorr
  0.69FPPQX Mfs Prudent InvestorPairCorr
  0.69FPPRX Mfs Prudent InvestorPairCorr
  0.7FPPSX Mfs Prudent InvestorPairCorr
  0.69FPPUX Mfs Prudent InvestorPairCorr
  0.75EMLNX Mfs Emerging MarketsPairCorr
  0.79DIFIX Mfs Diversified IncomePairCorr
  0.75EMLMX Mfs Emerging MarketsPairCorr
  0.76EMLKX Mfs Emerging MarketsPairCorr
  0.67MMDIX Mfs Maryland MunicipalPairCorr
  0.67MMIDX Mfs Municipal IncomePairCorr
  0.68MMIBX Mfs Municipal IncomePairCorr
  0.72MMHKX Mfs Municipal HighPairCorr
  0.61MPGOX Mfs Georgia MunicipalPairCorr
  0.64MPRAX Mfs Arkansas MunicipalPairCorr
  0.71MPWVX Mfs West VirginiaPairCorr
  0.69MQGIX Mfs International GrowthPairCorr
  0.7MQLJX Mfs Limited MaturityPairCorr
  0.87MRBCX Mfs Total ReturnPairCorr

Moving against Mfs Mutual Fund

  0.43OTCAX Mfs Mid CapPairCorr
  0.54MNDAX Mfs New DiscoveryPairCorr
  0.54MNDKX Mfs New DiscoveryPairCorr
  0.54MNDRX Mfs New DiscoveryPairCorr
  0.46NDVIX Mfs New DiscoveryPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
PRWLX
+ 0.98
FZABX
JPDVX
+ 0.78
WDIAX
FZABX
+ 0.63
WDIAX
PRWLX
+ 0.54
WDIAX
XWDIX
+ 0.52
JPDVX
JPDVX
+ 0.51
FZABX
  
High negative correlations   
XWDIX
- 0.53
SRDAX
PRWLX
- 0.32
SRDAX
FZABX
- 0.23
SRDAX

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY