Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDIX Fund  USD 12.35  0.03  0.24%   
The current 90-days correlation between Mfs Emerging Markets and Harding Loevner Emerging is 0.36 (i.e., 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

Weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.38 (i.e., 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 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.9LFTFX Mfs Lifetime 2065PairCorr
  0.89LFTJX Mfs Lifetime 2065PairCorr
  0.89LFTGX Mfs Lifetime 2065PairCorr
  0.9LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.9LFTKX Mfs Lifetime 2065PairCorr
  0.91LFTLX Mfs Lifetime 2065PairCorr
  0.96HYPPX Mfs High YieldPairCorr
  0.91UIVIX Mfs Intrinsic ValuePairCorr
  0.9UIVCX Mfs Intrinsic ValuePairCorr
  0.91UIVPX Mfs Intrinsic ValuePairCorr
  0.9UIVQX Mfs Intrinsic ValuePairCorr
  0.89UIVNX Mfs Intrinsic ValuePairCorr
  0.89UIVMX Mfs Intrinsic ValuePairCorr
  0.9UIVVX Mfs Intrinsic ValuePairCorr
  0.89UIVRX Mfs Intrinsic ValuePairCorr
  0.83OTCHX Mfs Mid CapPairCorr
  0.84OTCIX Mfs Mid CapPairCorr
  0.84OTCJX Mfs Mid CapPairCorr
  0.84OTCKX Mfs Mid CapPairCorr
  0.87MKVCX Mfs International LargePairCorr
  0.87MKVBX Mfs International LargePairCorr
  0.84OTCGX Mfs Mid CapPairCorr
  0.89MKVGX Mfs International LargePairCorr
  0.88MKVFX Mfs International LargePairCorr
  0.88MKVEX Mfs International LargePairCorr
  0.89MKVDX Mfs International LargePairCorr
  0.88MKVIX Mfs International LargePairCorr
  0.88MKVHX Mfs Series TrustPairCorr
  0.9BRKBX Mfs Blended ResearchPairCorr
  0.9BRKCX Mfs Blended ResearchPairCorr
  0.9BRKAX Mfs Blended ResearchPairCorr
  0.85OTCAX Mfs Mid CapPairCorr
  0.84OTCBX 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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