Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLAX Fund  USD 5.38  0.01  0.19%   
The current 90-days correlation between Mfs Emerging Markets and Intermediate Term Bond Fund is 0.09 (i.e., Significant diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

MfsDowDiversified AwayMfsDowDiversified Away100%

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets 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 Emerging Markets. 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 nation.

Moving together with Mfs Mutual Fund

  0.94FPPJX Mfs Prudent InvestorPairCorr
  0.94FPPQX Mfs Prudent InvestorPairCorr
  0.93FPPRX Mfs Prudent InvestorPairCorr
  0.94FPPSX Mfs Prudent InvestorPairCorr
  0.94FPPUX Mfs Prudent InvestorPairCorr
  0.94FPPVX Mfs Prudent InvestorPairCorr
  0.76HYPPX Mfs High YieldPairCorr
  0.98MKVCX Mfs International LargePairCorr
  0.98MKVBX Mfs International LargePairCorr
  0.98MKVGX Mfs International LargePairCorr
  0.98MKVFX Mfs International LargePairCorr
  0.98MKVEX Mfs International LargePairCorr
  0.98MKVDX Mfs International LargePairCorr
  0.98MKVIX Mfs International LargePairCorr
  0.98MKVHX Mfs Series TrustPairCorr
  0.85BRKBX Mfs Blended ResearchPairCorr
  0.85BRKCX Mfs Blended ResearchPairCorr
  0.86BRKAX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.38UIVCX Mfs Intrinsic ValuePairCorr
  0.36UIVIX Mfs Intrinsic ValuePairCorr
  0.54OTCGX Mfs Mid CapPairCorr
  0.53OTCHX Mfs Mid CapPairCorr
  0.53OTCIX Mfs Mid CapPairCorr
  0.53OTCJX Mfs Mid CapPairCorr
  0.53OTCKX Mfs Mid CapPairCorr
  0.38UIVMX Mfs Intrinsic ValuePairCorr
  0.37UIVNX Mfs Intrinsic ValuePairCorr
  0.36UIVPX Mfs Intrinsic ValuePairCorr
  0.36UIVQX Mfs Intrinsic ValuePairCorr
  0.36UIVVX Mfs Intrinsic ValuePairCorr
  0.36UIVRX Mfs Intrinsic ValuePairCorr
  0.54OTCBX Mfs Mid CapPairCorr
  0.54OTCCX Mfs Mid CapPairCorr
  0.53OTCAX 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 Emerging 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 Emerging'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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