Mfs Core Correlations

Mutual Funds . USA . 
Fund . Mfs E Equity
MRGAX Fund  USD 48.89  0.15  0.31%   
The current 90-days correlation between Mfs E Equity and Mfs Growth Fund is 0.03 (i.e., Significant diversification). The correlation of Mfs Core 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 Core Correlation With Market

Good diversification

The correlation between Mfs E Equity and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs E Equity 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 E Equity. 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

  0.82LFTFX Mfs Lifetime 2065PairCorr
  0.84LFTJX Mfs Lifetime 2065PairCorr
  0.84LFTGX Mfs Lifetime 2065PairCorr
  0.82LFTHX Mfs Lifetime 2065PairCorr
  0.76LFTMX Mfs Lifetime 2065PairCorr
  0.76LFTNX Mfs Lifetime 2065PairCorr
  0.77LFTKX Mfs Lifetime 2065PairCorr
  0.83LFTLX Mfs Lifetime 2065PairCorr
  0.89UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.79OTCHX Mfs Mid CapPairCorr
  0.79OTCIX Mfs Mid CapPairCorr
  0.79OTCJX Mfs Mid CapPairCorr
  0.79OTCKX Mfs Mid CapPairCorr
  0.8OTCGX Mfs Mid CapPairCorr
  0.85OTCAX 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   
MRBFX
+ 0.98
MFBFX
MVCAX
+ 0.88
OTCAX
MVCAX
+ 0.84
MFEGX
OTCAX
+ 0.78
MFEGX
  
High negative correlations   
MRBFX
- 0.45
OTCAX
MVCAX
- 0.41
MRBFX
MRBFX
- 0.4
MFEGX
MFBFX
- 0.34
OTCAX
MVCAX
- 0.31
MFBFX
MFBFX
- 0.27
MFEGX

Risk-Adjusted Indicators

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