Mfs Moderate Correlations

Mutual Funds . USA . 
Fund . Mfs Moderate Allocation
MAMAX Fund  USD 20.32  0.06  0.30%   
The current 90-days correlation between Mfs Moderate Allocation and Mfs Servative Allocation is 0.33 (i.e., Weak diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Modest diversification

The correlation between Mfs Moderate Allocation and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate 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 Moderate 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 nation.

Moving together with Mfs Mutual Fund

  0.79OTCIX Mfs Mid CapPairCorr
  0.76OTCGX Mfs Mid CapPairCorr
  0.81BRKCX Mfs Blended ResearchPairCorr
  0.87DIFIX Mfs Diversified IncomePairCorr
  0.88MLLEX Mfs Lifetime IncomePairCorr
  0.93MNDAX Mfs New DiscoveryPairCorr
  0.97MNWAX Mfs Managed WealthPairCorr
  0.98MNWUX Mfs Managed WealthPairCorr
  0.87MQGIX Mfs International GrowthPairCorr
  0.8MRGAX Mfs E EquityPairCorr
  0.9MRSAX Mfs Research InternaPairCorr
  0.88MRSKX Mfs Research InternaPairCorr
  0.88MRSRX Mfs Research InternaPairCorr
  1.0MAAGX Mfs Aggressive GrowthPairCorr
  0.9MACBX Mfs Servative AllocationPairCorr
  0.82MACFX Mfs Servative AllocationPairCorr
  1.0MAGWX Mfs Growth AllocationPairCorr
  0.97GLNAX Mfs Global NewPairCorr
  0.76MTCCX Mfs TechnologyPairCorr
  0.75MTCAX Mfs TechnologyPairCorr
  0.83MCSRX Mfs Modity StrategyPairCorr
  0.81MCVIX Mfs Mid CapPairCorr
  0.96MDIDX Mfs InternationalPairCorr
  0.94MDIZX Mfs InternationalPairCorr
  0.73MEDIX Mfs Emerging MarketsPairCorr
  0.73MEDHX Mfs Emerging MarketsPairCorr
  0.8MEIJX Mfs Value FundPairCorr
  0.83MEMJX Mfs Emerging MarketsPairCorr
  0.83MEMHX Mfs Emerging MarketsPairCorr
  0.8MWEFX Mfs Global EquityPairCorr
  0.8MWELX Mfs Global EquityPairCorr
  0.89MWOFX Mfs Global GrowthPairCorr
  0.91MFFMX Mfs Lifetime 2050PairCorr
  0.78MFEKX Mfs Growth FundPairCorr

Moving against Mfs Mutual Fund

  0.55MFEJX Mfs Growth FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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