Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Allocation
MAGEX Fund  USD 26.05  0.01  0.04%   
The current 90-days correlation between Mfs Growth Allocation and Bbh Intermediate Municipal is -0.06 (i.e., Good diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Mfs Growth Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Growth Allocation. 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 income.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.99LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.9LFTKX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.7HYPPX Mfs High YieldPairCorr
  0.93UIVIX Mfs Intrinsic ValuePairCorr
  0.93UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.93UIVNX Mfs Intrinsic ValuePairCorr
  0.93UIVMX Mfs Intrinsic ValuePairCorr
  0.93UIVVX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.86OTCHX Mfs Mid CapPairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.86OTCKX Mfs Mid CapPairCorr
  0.86OTCGX Mfs Mid CapPairCorr
  0.86OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PATFX
+ 0.88
BBINX
NEITX
+ 0.85
BBINX
NEITX
+ 0.85
PATFX
XFINX
+ 0.67
PFSQX
XFINX
+ 0.14
PATFX
  
High negative correlations   
NEITX
- 0.49
PFSQX
PFSQX
- 0.44
BBINX
PFSQX
- 0.31
PATFX
NEITX
- 0.23
XFINX
XFINX
- 0.05
BBINX

Risk-Adjusted Indicators

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