Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDCX Fund  USD 12.43  0.01  0.08%   
The current 90-days correlation between Mfs Emerging Markets and Artisan Small Cap is 0.43 (i.e., Very weak 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

Good diversification

The correlation between Mfs Emerging Markets and DJI is -0.07 (i.e., Good 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 Correlation Analysis 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 banks.

Moving together with Mfs Mutual Fund

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.92LFTJX Mfs Lifetime 2065PairCorr
  0.92LFTGX Mfs Lifetime 2065PairCorr
  0.93LFTHX Mfs Lifetime 2065PairCorr
  0.93LFTMX Mfs Lifetime 2065PairCorr
  0.92LFTNX Mfs Lifetime 2065PairCorr
  0.92LFTKX Mfs Lifetime 2065PairCorr
  0.93LFTLX Mfs Lifetime 2065PairCorr
  0.97HYPPX Mfs High YieldPairCorr
  0.92UIVIX Mfs Intrinsic ValuePairCorr
  0.91UIVCX Mfs Intrinsic ValuePairCorr
  0.92UIVPX Mfs Intrinsic ValuePairCorr
  0.92UIVQX Mfs Intrinsic ValuePairCorr
  0.91UIVNX Mfs Intrinsic ValuePairCorr
  0.91UIVMX Mfs Intrinsic ValuePairCorr
  0.92UIVVX Mfs Intrinsic ValuePairCorr
  0.92UIVRX Mfs Intrinsic ValuePairCorr
  0.88OTCHX Mfs Mid CapPairCorr
  0.89OTCIX Mfs Mid CapPairCorr
  0.88OTCJX Mfs Mid CapPairCorr
  0.89OTCKX Mfs Mid CapPairCorr
  0.89MKVCX Mfs International LargePairCorr
  0.9MKVBX Mfs International LargePairCorr
  0.88OTCGX Mfs Mid CapPairCorr
  0.9MKVGX Mfs International LargePairCorr
  0.9MKVFX Mfs International LargePairCorr
  0.89MKVEX Mfs International LargePairCorr
  0.89MKVDX Mfs International LargePairCorr
  0.9MKVIX Mfs International LargePairCorr
  0.9MKVHX Mfs Series TrustPairCorr
  0.93BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.91OTCAX Mfs Mid CapPairCorr

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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