Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFCX Fund  USD 12.33  0.05  0.41%   
The current 90-days correlation between Mfs Diversified Income and Crafword Dividend Growth is -0.02 (i.e., Good diversification). The correlation of Mfs Diversified 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 Diversified Correlation With Market

MfsDowDiversified AwayMfsDowDiversified Away100%

Modest diversification

The correlation between Mfs Diversified Income and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Diversified Income. 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

  0.8LFTFX Mfs Lifetime 2065PairCorr
  0.8LFTJX Mfs Lifetime 2065PairCorr
  0.8LFTGX Mfs Lifetime 2065PairCorr
  0.82LFTHX Mfs Lifetime 2065PairCorr
  0.8LFTMX Mfs Lifetime 2065PairCorr
  0.8LFTNX Mfs Lifetime 2065PairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.79LFTLX Mfs Lifetime 2065PairCorr
  0.73HYPPX Mfs High YieldPairCorr
  0.69UIVIX Mfs Intrinsic ValuePairCorr
  0.66UIVCX Mfs Intrinsic ValuePairCorr
  0.66UIVPX Mfs Intrinsic ValuePairCorr
  0.67UIVQX Mfs Intrinsic ValuePairCorr
  0.69UIVNX Mfs Intrinsic ValuePairCorr
  0.69UIVMX Mfs Intrinsic ValuePairCorr
  0.66UIVVX Mfs Intrinsic ValuePairCorr
  0.67UIVRX Mfs Intrinsic ValuePairCorr
  0.67OTCHX Mfs Mid CapPairCorr
  0.67OTCIX Mfs Mid CapPairCorr
  0.67OTCKX Mfs Mid CapPairCorr
  0.89MKVCX Mfs International LargePairCorr
  0.88MKVBX Mfs International LargePairCorr
  0.67OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.88MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.88MKVIX Mfs International LargePairCorr
  0.88MKVHX Mfs Series TrustPairCorr
  0.67BRKCX Mfs Blended ResearchPairCorr
  0.67BRKAX Mfs Blended ResearchPairCorr
  0.67OTCAX 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 Diversified 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 Diversified'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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