Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MVRRX Fund  USD 49.02  0.26  0.53%   
The current 90-days correlation between Mfs Value Fund and Virtus Seix Government is -0.05 (i.e., Good diversification). The correlation of Mfs Value 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 Value Correlation With Market

Poor diversification

The correlation between Mfs Value Fund and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value 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 Value 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.72FPPJX Mfs Prudent InvestorPairCorr
  0.72FPPQX Mfs Prudent InvestorPairCorr
  0.72FPPRX Mfs Prudent InvestorPairCorr
  0.72FPPSX Mfs Prudent InvestorPairCorr
  0.72FPPUX Mfs Prudent InvestorPairCorr
  0.72FPPVX Mfs Prudent InvestorPairCorr
  0.69LFTFX Mfs Lifetime 2065PairCorr
  0.67LFTJX Mfs Lifetime 2065PairCorr
  0.67LFTGX Mfs Lifetime 2065PairCorr
  0.7LFTHX Mfs Lifetime 2065PairCorr
  0.7LFTMX Mfs Lifetime 2065PairCorr
  0.7LFTNX Mfs Lifetime 2065PairCorr
  0.69LFTKX Mfs Lifetime 2065PairCorr
  0.69LFTLX Mfs Lifetime 2065PairCorr
  0.77HYPPX Mfs High YieldPairCorr
  0.66MKVCX Mfs International LargePairCorr
  0.66MKVBX Mfs International LargePairCorr
  0.66MKVGX Mfs International LargePairCorr
  0.66MKVFX Mfs International LargePairCorr
  0.66MKVEX Mfs International LargePairCorr
  0.66MKVDX Mfs International LargePairCorr
  0.66MKVIX Mfs International LargePairCorr
  0.66MKVHX 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 Value 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 Value'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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