Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFIX Fund  USD 12.74  0.05  0.39%   
The current 90-days correlation between Mfs Diversified Income and Vanguard Diversified Equity is 0.5 (i.e., Very weak 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

Very poor diversification

The correlation between Mfs Diversified Income and DJI is 0.89 (i.e., Very poor 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.66LFTFX Mfs Lifetime 2065PairCorr
  0.95LFTJX Mfs Lifetime 2065PairCorr
  0.72LFTGX Mfs Lifetime 2065PairCorr
  0.95LFTHX Mfs Lifetime 2065PairCorr
  0.95LFTMX Mfs Lifetime 2065PairCorr
  0.95LFTNX Mfs Lifetime 2065PairCorr
  0.72LFTKX Mfs Lifetime 2065PairCorr
  0.95LFTLX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.75UIVIX Mfs Intrinsic ValuePairCorr
  0.68UIVCX Mfs Intrinsic ValuePairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.68UIVQX Mfs Intrinsic ValuePairCorr
  0.7UIVNX Mfs Intrinsic ValuePairCorr
  0.7UIVMX Mfs Intrinsic ValuePairCorr
  0.89UIVVX Mfs Intrinsic ValuePairCorr
  0.89UIVRX Mfs Intrinsic ValuePairCorr
  0.74OTCHX Mfs Mid CapPairCorr
  0.74OTCIX Mfs Mid CapPairCorr
  0.65OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.62OTCGX Mfs Mid CapPairCorr
  0.63MKVDX Mfs International LargePairCorr
  0.97MKVIX Mfs International LargePairCorr
  0.63MKVHX Mfs Series TrustPairCorr
  0.88BRKCX Mfs Blended ResearchPairCorr
  0.63OTCAX Mfs Mid CapPairCorr
  0.76OTCCX Mfs Mid CapPairCorr
  0.93EMLBX Mfs Emerging MarketsPairCorr

Related Correlations Analysis


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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