Mfs Research Correlations

Mutual Funds . USA . 
Fund . Mfs Research Fund
MRFIX Fund  USD 60.76  0.07  0.12%   
The current 90-days correlation between Mfs Research and Dunham Porategovernment Bond is 0.22 (i.e., Modest diversification). The correlation of Mfs Research 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 Research Correlation With Market

Weak diversification

The correlation between Mfs Research Fund and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Research 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 Research 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 gross domestic product.

Moving together with MFS Mutual Fund

  0.74LFTFX Mfs Lifetime 2065PairCorr
  0.75LFTJX Mfs Lifetime 2065PairCorr
  0.76LFTGX Mfs Lifetime 2065PairCorr
  0.73LFTHX Mfs Lifetime 2065PairCorr
  0.73LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.74LFTKX Mfs Lifetime 2065PairCorr
  0.81UIVIX Mfs Intrinsic ValuePairCorr
  0.82UIVCX Mfs Intrinsic ValuePairCorr
  0.81UIVPX Mfs Intrinsic ValuePairCorr
  0.81UIVQX Mfs Intrinsic ValuePairCorr
  0.81UIVNX Mfs Intrinsic ValuePairCorr
  0.82UIVMX Mfs Intrinsic ValuePairCorr
  0.81UIVVX Mfs Intrinsic ValuePairCorr
  0.81UIVRX Mfs Intrinsic ValuePairCorr
  0.98OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.98OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.95OTCGX Mfs Mid CapPairCorr
  0.98OTCAX Mfs Mid CapPairCorr
  0.99OTCBX Mfs Mid CapPairCorr
  0.99OTCCX Mfs Mid CapPairCorr

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   
CGTCX
+ 0.99
RGVJX
CGTCX
+ 0.98
DNCGX
RGVJX
+ 0.97
DNCGX
VSIGX
+ 0.92
DNCGX
VSIGX
+ 0.91
RGVJX
VSIGX
+ 0.91
CGTCX
  
High negative correlations   
RYAQX
- 0.77
DNCGX
RYAQX
- 0.75
CGTCX
RYAQX
- 0.68
RGVJX
RYAQX
- 0.67
VSIGX
RYAQX
- 0.0
PBMXX
SSAGX
- 0.0
PBMXX

Risk-Adjusted Indicators

There is a big difference between MFS Mutual Fund performing well and Mfs Research 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 Research'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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