Mfs Emerging Correlations

Mutual Funds USA . 
Fund . Mfs Emerging Markets
EMLKX Fund  USD 5.82  0.01  0.17%   
The current 90-days correlation between Mfs Emerging Markets and T Rowe Price is -0.01 (i.e., Good diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

Very weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Emerging Markets. 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 board of governors.

Moving together with Mfs Mutual Fund

  0.87PLMIX Pimco Emerging MarketsPairCorr
  0.9PELPX Pimco Emerging LocalPairCorr
  0.9PELBX Pimco Emerging LocalPairCorr
  0.89PELAX Pimco Emerging LocalPairCorr
  0.9PELCX Pimco Emerging LocalPairCorr
  0.9PELNX Pimco Emerging LocalPairCorr
  0.9EEIIX Eaton Vance EmergingPairCorr
  0.9EEIAX Eaton Vance EmergingPairCorr
  0.89EEICX Eaton Vance EmergingPairCorr
  0.76ASMZX Alger Smidcap FocusPairCorr
  0.75RFATX Investment Grade BondPairCorr
  0.74TBSIX T Rowe PricePairCorr
  0.84MGOYX Victory Munder MidPairCorr
  0.76GMMPX Goldman Sachs MultiPairCorr
  0.61FCSTX Fidelity CaliforniaPairCorr
  0.86IRGPX Voya Retirement GrowthPairCorr
  0.87FLBSX Franklin Lifesmart 2060PairCorr
  0.86FMGDX Fa529 Mdgr ClPairCorr
  0.84OYCIX Oppenhemier CnsrvtvPairCorr
  0.62CSBCX Calvert Bond PortfolioPairCorr
  0.86GSBUX Goldman Sachs IncomePairCorr
  0.86BCGPX Blackrock Gwth PreparedPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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