Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLMX Fund  USD 5.39  0.01  0.19%   
The current 90-days correlation between Mfs Emerging Markets and Ancorathelen Small Mid Cap is 0.08 (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

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.1 (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 population.

Moving together with Mfs Mutual Fund

  0.69FPPJX Mfs Prudent InvestorPairCorr
  0.7FPPQX Mfs Prudent InvestorPairCorr
  0.73FPPRX Mfs Prudent InvestorPairCorr
  0.71FPPSX Mfs Prudent InvestorPairCorr
  0.69FPPUX Mfs Prudent InvestorPairCorr
  0.69FPPVX Mfs Prudent InvestorPairCorr
  0.87MKVCX Mfs International LargePairCorr
  0.86MKVGX Mfs International LargePairCorr
  0.86MKVFX Mfs International LargePairCorr
  0.86MKVEX Mfs International LargePairCorr
  0.87MKVDX Mfs International LargePairCorr
  0.86MKVIX Mfs International LargePairCorr
  0.86MKVHX Mfs Series TrustPairCorr
  1.0EMLAX Mfs Emerging MarketsPairCorr

Moving against Mfs Mutual Fund

  0.49OTCHX Mfs Mid CapPairCorr
  0.49OTCJX Mfs Mid CapPairCorr
  0.4OTCIX Mfs Mid CapPairCorr
  0.4OTCKX Mfs Mid CapPairCorr
  0.38UIVIX Mfs Intrinsic ValuePairCorr
  0.38UIVPX Mfs Intrinsic ValuePairCorr
  0.38UIVQX Mfs Intrinsic ValuePairCorr
  0.38UIVNX Mfs Intrinsic ValuePairCorr
  0.38UIVVX Mfs Intrinsic ValuePairCorr
  0.38UIVRX Mfs Intrinsic ValuePairCorr
  0.37UIVCX Mfs Intrinsic ValuePairCorr
  0.36UIVMX Mfs Intrinsic ValuePairCorr
  0.5BRSTX Mfs Blended ResearchPairCorr
  0.5BRSUX Mfs Blended ResearchPairCorr
  0.5BRSSX Mfs Blended ResearchPairCorr
  0.49OTCAX Mfs Mid CapPairCorr
  0.49OTCBX Mfs Mid CapPairCorr
  0.49BRSPX Mfs Blended ResearchPairCorr
  0.48OTCCX 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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