Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCCX Fund  USD 22.38  0.17  0.77%   
The current 90-days correlation between Mfs Mid Cap and Semiconductor Ultrasector Profund is 0.58 (i.e., Very weak diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Mfs Mid Cap. 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.98UIVIX Mfs Intrinsic ValuePairCorr
  0.98UIVCX Mfs Intrinsic ValuePairCorr
  0.98UIVPX Mfs Intrinsic ValuePairCorr
  0.98UIVNX Mfs Intrinsic ValuePairCorr
  0.98UIVMX Mfs Intrinsic ValuePairCorr
  0.98UIVVX Mfs Intrinsic ValuePairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  0.94MKVCX Mfs International LargePairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.94MKVGX Mfs International LargePairCorr
  0.94MKVFX Mfs International LargePairCorr
  0.94MKVEX Mfs International LargePairCorr
  0.94MKVIX Mfs International LargePairCorr
  0.94MKVHX Mfs Series TrustPairCorr
  0.94BRKBX Mfs Blended ResearchPairCorr
  0.94BRKCX Mfs Blended ResearchPairCorr
  1.0OTCAX Mfs Mid CapPairCorr
  0.94BRKVX Mfs Blended ResearchPairCorr
  0.94BRKRX Mfs Blended ResearchPairCorr
  0.94BRKSX Mfs Blended ResearchPairCorr
  0.93DIFIX Mfs Diversified IncomePairCorr
  0.89EMLKX Mfs Emerging MarketsPairCorr
  0.93DIFGX Mfs Diversified IncomePairCorr
  0.93DIFEX Mfs Diversified IncomePairCorr
  0.93DIFDX Mfs Diversified IncomePairCorr
  0.93DIFAX Mfs Diversified IncomePairCorr
  0.95BRSHX Mfs Blended ResearchPairCorr
  0.96BRUHX Mfs Blended ResearchPairCorr
  0.98BRWBX Mfs Blended ResearchPairCorr
  0.98BRWCX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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