Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCHX Fund  USD 27.20  0.45  1.63%   
The current 90-days correlation between Mfs Mid Cap and Us Government Securities is -0.09 (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 rate.

Moving together with Mfs Mutual Fund

  0.67LFTFX Mfs Lifetime 2065PairCorr
  0.68LFTJX Mfs Lifetime 2065PairCorr
  0.68LFTGX Mfs Lifetime 2065PairCorr
  0.66LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.66LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.77LFTLX 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
  1.0OTCIX 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

  0.37FPPJX Mfs Prudent InvestorPairCorr
  0.37FPPQX Mfs Prudent InvestorPairCorr
  0.37FPPSX Mfs Prudent InvestorPairCorr
  0.37FPPUX Mfs Prudent InvestorPairCorr
  0.37FPPVX Mfs Prudent InvestorPairCorr
  0.36FPPRX Mfs Prudent InvestorPairCorr
  0.47MKVCX Mfs International LargePairCorr
  0.47MKVBX Mfs International LargePairCorr
  0.47MKVGX Mfs International LargePairCorr
  0.47MKVFX Mfs International LargePairCorr
  0.47MKVEX Mfs International LargePairCorr
  0.47MKVDX Mfs International LargePairCorr
  0.52EMLNX Mfs Emerging MarketsPairCorr
  0.5EMLBX Mfs Emerging MarketsPairCorr
  0.5EMLAX Mfs Emerging MarketsPairCorr
  0.47MKVIX Mfs International LargePairCorr
  0.47MKVHX Mfs Series TrustPairCorr
  0.33BRKUX 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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