Mfs Mid Correlations

Mutual Funds USA . 
Fund . Mfs Mid Cap
MVCKX Fund  USD 37.87  0.07  0.19%   
The current 90-days correlation between Mfs Mid Cap and Mfs Mid Cap is 0.84 (i.e., Very poor diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Mfs Mid Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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

  0.9LFTFX Mfs Lifetime 2065PairCorr
  0.89LFTJX Mfs Lifetime 2065PairCorr
  0.89LFTGX Mfs Lifetime 2065PairCorr
  0.9LFTHX Mfs Lifetime 2065PairCorr
  0.9LFTMX Mfs Lifetime 2065PairCorr
  0.9LFTNX Mfs Lifetime 2065PairCorr
  0.89LFTKX Mfs Lifetime 2065PairCorr
  0.9LFTLX Mfs Lifetime 2065PairCorr
  0.64HYPPX Mfs High YieldPairCorr
  0.96UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.96UIVPX Mfs Intrinsic ValuePairCorr
  0.96UIVQX Mfs Intrinsic ValuePairCorr
  0.96UIVNX Mfs Intrinsic ValuePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.96UIVVX Mfs Intrinsic ValuePairCorr
  0.96UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.97OTCGX Mfs Mid CapPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.97OTCBX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.47MKVDX Mfs International LargePairCorr
  0.46MKVCX Mfs International LargePairCorr
  0.45MKVBX Mfs International LargePairCorr
  0.45MKVEX Mfs International LargePairCorr
  0.44MKVGX Mfs International LargePairCorr
  0.44MKVIX Mfs International LargePairCorr
  0.6EMLBX Mfs Emerging MarketsPairCorr
  0.6EMLNX Mfs Emerging MarketsPairCorr
  0.6EMLMX Mfs Emerging MarketsPairCorr
  0.6EMLLX Mfs Emerging MarketsPairCorr
  0.59EMLAX Mfs Emerging MarketsPairCorr
  0.44MKVHX 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 Mid 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 Mid'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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