Mfs Equity Correlations

Mutual Funds . USA . 
Fund . Mfs Equity Income
EQNTX Fund  USD 23.32  0.06  0.26%   
The current 90-days correlation between Mfs Equity Income and Commonwealth Real Estate is 0.43 (i.e., Very weak diversification). The correlation of Mfs Equity 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 Equity Correlation With Market

Almost no diversification

The correlation between Mfs Equity Income and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Equity 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 Equity 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 poverty.

Moving together with Mfs Mutual Fund

  0.89LFTFX Mfs Lifetime 2065PairCorr
  0.9LFTJX Mfs Lifetime 2065PairCorr
  0.9LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTMX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.9LFTKX Mfs Lifetime 2065PairCorr
  0.91LFTLX Mfs Lifetime 2065PairCorr
  0.88HYPPX Mfs High YieldPairCorr
  0.9UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.92OTCHX Mfs Mid CapPairCorr
  0.92OTCIX Mfs Mid CapPairCorr
  0.92OTCJX Mfs Mid CapPairCorr
  0.92OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.92MKVBX Mfs International LargePairCorr
  0.93OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.7BRKBX Mfs Blended ResearchPairCorr
  0.73BRKCX Mfs Blended ResearchPairCorr
  0.71BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX Mfs Mid CapPairCorr
  0.93OTCBX Mfs Mid CapPairCorr
  0.85EMLBX Mfs Emerging MarketsPairCorr
  0.85EMLAX Mfs Emerging MarketsPairCorr
  0.74BRKUX Mfs Blended ResearchPairCorr
  0.74BRKVX Mfs Blended ResearchPairCorr
  0.73BRKRX Mfs Blended ResearchPairCorr
  0.73BRKSX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Equity 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 Equity'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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