Mfs High Correlations

Mutual Funds USA . 
Fund . Mfs High Yield
HYPPX Fund  USD 8.48  0.01  0.12%   
The current 90-days correlation between Mfs High Yield and Payden Emerging Markets is -0.06 (i.e., Good diversification). The correlation of Mfs High 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 High Correlation With Market

Good diversification

The correlation between Mfs High Yield and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs High Yield and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Mfs High Yield. 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 producer price index.

Moving together with Mfs Mutual Fund

  0.95LFTFX Mfs Lifetime 2065PairCorr
  0.95LFTJX Mfs Lifetime 2065PairCorr
  0.95LFTGX Mfs Lifetime 2065PairCorr
  0.95LFTHX Mfs Lifetime 2065PairCorr
  0.95LFTMX Mfs Lifetime 2065PairCorr
  0.62LFTNX Mfs Lifetime 2065PairCorr
  0.62LFTKX Mfs Lifetime 2065PairCorr
  0.95LFTLX Mfs Lifetime 2065PairCorr
  0.94UIVIX Mfs Intrinsic ValuePairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  0.94UIVPX Mfs Intrinsic ValuePairCorr
  0.94UIVQX Mfs Intrinsic ValuePairCorr
  0.94UIVNX Mfs Intrinsic ValuePairCorr
  0.94UIVMX Mfs Intrinsic ValuePairCorr
  0.94UIVVX Mfs Intrinsic ValuePairCorr
  0.94UIVRX Mfs Intrinsic ValuePairCorr
  0.9OTCHX Mfs Mid CapPairCorr
  0.62OTCIX Mfs Mid CapPairCorr
  0.9OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.86MKVCX Mfs International LargePairCorr
  0.86MKVBX Mfs International LargePairCorr
  0.61OTCGX Mfs Mid CapPairCorr
  0.67MKVGX Mfs International LargePairCorr
  0.86MKVFX Mfs International LargePairCorr
  0.86MKVDX Mfs International LargePairCorr
  0.71MKVIX Mfs International LargePairCorr
  0.86MKVHX Mfs Series TrustPairCorr
  0.92BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.9OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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