Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCKX Fund  USD 34.19  0.29  0.84%   
The current 90-days correlation between Mfs Mid Cap and Mfs International Diversification is 0.5 (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 0.66 (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 inflation.

Moving together with Mfs Mutual Fund

  0.9LFTFX Mfs Lifetime 2065PairCorr
  0.9LFTJX Mfs Lifetime 2065PairCorr
  0.9LFTKX Mfs Lifetime 2065PairCorr
  0.9UIVQX Mfs Intrinsic ValuePairCorr
  0.9UIVNX Mfs Intrinsic ValuePairCorr
  0.9UIVVX Mfs Intrinsic ValuePairCorr
  1.0OTCHX Mfs Mid CapPairCorr
  1.0OTCIX Mfs Mid CapPairCorr
  0.7MKVCX Mfs International LargePairCorr
  1.0OTCGX Mfs Mid CapPairCorr
  0.7MKVIX Mfs International LargePairCorr
  0.89BRKBX Mfs Blended ResearchPairCorr
  0.89BRKCX Mfs Blended ResearchPairCorr
  1.0OTCAX Mfs Mid CapPairCorr
  1.0OTCBX Mfs Mid CapPairCorr
  0.89BRKUX Mfs Blended ResearchPairCorr
  0.89BRKVX Mfs Blended ResearchPairCorr
  0.86EMLNX Mfs Emerging MarketsPairCorr
  0.86DIFIX Mfs Diversified IncomePairCorr
  0.87EMLLX Mfs Emerging MarketsPairCorr
  0.87EMLKX Mfs Emerging MarketsPairCorr
  0.87DIFEX Mfs Diversified IncomePairCorr
  0.86DIFCX Mfs Diversified IncomePairCorr
  0.86EMLCX Mfs Emerging MarketsPairCorr
  0.81BRSHX Mfs Blended ResearchPairCorr
  0.81BRSBX Mfs Blended ResearchPairCorr
  0.89BRULX Mfs Blended ResearchPairCorr
  0.89BRUMX Mfs Blended ResearchPairCorr
  0.88BRUEX Mfs Blended ResearchPairCorr
  0.92BRWBX Mfs Blended ResearchPairCorr
  0.91MLFBX Mfs Lifetime 2040PairCorr
  0.91MLFIX Mfs Lifetime 2040PairCorr
  0.86BRXBX 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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