Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCCX Fund  USD 19.93  0.32  1.58%   
The current 90-days correlation between Mfs Mid Cap and Goldman Sachs Short is -0.18 (i.e., Good 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

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.75 (i.e., Poor 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 Your Equity Center 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.66LFTFX Mfs Lifetime 2065PairCorr
  0.68LFTJX Mfs Lifetime 2065PairCorr
  0.68LFTGX Mfs Lifetime 2065PairCorr
  0.65LFTHX Mfs Lifetime 2065PairCorr
  0.76LFTMX Mfs Lifetime 2065PairCorr
  0.65LFTNX Mfs Lifetime 2065PairCorr
  0.77LFTKX Mfs Lifetime 2065PairCorr
  0.76LFTLX Mfs Lifetime 2065PairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.88UIVPX Mfs Intrinsic ValuePairCorr
  0.88UIVQX Mfs Intrinsic ValuePairCorr
  0.88UIVNX Mfs Intrinsic ValuePairCorr
  0.89UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  1.0OTCHX Mfs Mid CapPairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  1.0OTCJX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  1.0OTCGX Mfs Mid CapPairCorr
  1.0OTCAX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.38FPPJX Mfs Prudent InvestorPairCorr
  0.38FPPQX Mfs Prudent InvestorPairCorr
  0.38FPPSX Mfs Prudent InvestorPairCorr
  0.38FPPUX Mfs Prudent InvestorPairCorr
  0.38FPPVX Mfs Prudent InvestorPairCorr
  0.37FPPRX Mfs Prudent InvestorPairCorr
  0.48MKVCX Mfs International LargePairCorr
  0.48MKVBX Mfs International LargePairCorr
  0.48MKVGX Mfs International LargePairCorr
  0.48MKVFX Mfs International LargePairCorr
  0.48MKVEX Mfs International LargePairCorr
  0.48MKVDX Mfs International LargePairCorr
  0.53EMLNX Mfs Emerging MarketsPairCorr
  0.51EMLBX Mfs Emerging MarketsPairCorr
  0.51EMLAX Mfs Emerging MarketsPairCorr
  0.48MKVIX Mfs International LargePairCorr
  0.48MKVHX Mfs Series TrustPairCorr
  0.34BRKIX Mfs Blended ResearchPairCorr

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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