Mfs Total Correlations

Mutual Funds . USA . 
Fund . Mfs Total Return
MRBKX Fund  USD 9.51  0.02  0.21%   
The current 90-days correlation between Mfs Total Return and Federated Mdt Small is 0.09 (i.e., Significant diversification). The correlation of Mfs Total 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 Total Correlation With Market

Average diversification

The correlation between Mfs Total Return and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Total Return 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 Total Return. 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 industry.

Moving together with Mfs Mutual Fund

  0.7LFTFX Mfs Lifetime 2065PairCorr
  0.7LFTJX Mfs Lifetime 2065PairCorr
  0.7LFTGX Mfs Lifetime 2065PairCorr
  0.7LFTHX Mfs Lifetime 2065PairCorr
  0.7LFTMX Mfs Lifetime 2065PairCorr
  0.7LFTNX Mfs Lifetime 2065PairCorr
  0.7LFTKX Mfs Lifetime 2065PairCorr
  0.82HYPPX Mfs High YieldPairCorr
  0.66UIVIX Mfs Intrinsic ValuePairCorr
  0.65UIVCX Mfs Intrinsic ValuePairCorr
  0.65UIVPX Mfs Intrinsic ValuePairCorr
  0.66UIVQX Mfs Intrinsic ValuePairCorr
  0.65UIVNX Mfs Intrinsic ValuePairCorr
  0.65UIVMX Mfs Intrinsic ValuePairCorr
  0.66UIVVX Mfs Intrinsic ValuePairCorr
  0.65UIVRX Mfs Intrinsic ValuePairCorr
  0.66OTCHX Mfs Mid CapPairCorr
  0.66OTCIX Mfs Mid CapPairCorr
  0.66OTCJX Mfs Mid CapPairCorr
  0.66OTCKX Mfs Mid CapPairCorr
  0.66MKVCX Mfs International LargePairCorr
  0.66MKVBX Mfs International LargePairCorr
  0.66OTCGX Mfs Mid CapPairCorr
  0.66MKVGX Mfs International LargePairCorr
  0.66MKVFX Mfs International LargePairCorr
  0.66MKVEX Mfs International LargePairCorr
  0.66MKVDX Mfs International LargePairCorr
  0.66MKVIX Mfs International LargePairCorr
  0.66MKVHX Mfs Series TrustPairCorr
  0.72BRKBX Mfs Blended ResearchPairCorr
  0.72BRKCX Mfs Blended ResearchPairCorr
  0.72BRKAX Mfs Blended ResearchPairCorr
  0.66OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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