Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCJX Fund  USD 32.83  0.50  1.55%   
The current 90-days correlation between Mfs Mid Cap and Chase Growth Fund is 0.86 (i.e., Very poor 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 0.72 (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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTKX Mfs Lifetime 2065PairCorr
  0.91UIVQX Mfs Intrinsic ValuePairCorr
  0.91UIVNX Mfs Intrinsic ValuePairCorr
  0.91UIVVX Mfs Intrinsic ValuePairCorr
  1.0OTCHX Mfs Mid CapPairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  0.72MKVCX Mfs International LargePairCorr
  1.0OTCGX Mfs Mid CapPairCorr
  0.73MKVIX Mfs International LargePairCorr
  0.9BRKBX Mfs Blended ResearchPairCorr
  0.9BRKCX Mfs Blended ResearchPairCorr
  1.0OTCAX Mfs Mid CapPairCorr
  1.0OTCBX Mfs Mid CapPairCorr
  0.9BRKUX Mfs Blended ResearchPairCorr
  0.9BRKVX Mfs Blended ResearchPairCorr
  0.88EMLNX Mfs Emerging MarketsPairCorr
  0.91DIFIX Mfs Diversified IncomePairCorr
  0.89EMLLX Mfs Emerging MarketsPairCorr
  0.89EMLKX Mfs Emerging MarketsPairCorr
  0.91DIFEX Mfs Diversified IncomePairCorr
  0.91DIFCX Mfs Diversified IncomePairCorr
  0.89EMLCX Mfs Emerging MarketsPairCorr
  0.86BRSHX Mfs Blended ResearchPairCorr
  0.86BRSBX Mfs Blended ResearchPairCorr
  0.91BRULX Mfs Blended ResearchPairCorr
  0.91BRUMX Mfs Blended ResearchPairCorr
  0.91BRUEX Mfs Blended ResearchPairCorr
  0.94BRWBX Mfs Blended ResearchPairCorr
  0.93MLFBX Mfs Lifetime 2040PairCorr
  0.93MLFIX Mfs Lifetime 2040PairCorr
  0.88BRXBX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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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