Mfs Aggressive Correlations

Mutual Funds . USA . 
Fund . Mfs Aggressive Growth
MBAGX Fund  USD 31.69  0.01  0.03%   
The current 90-days correlation between Mfs Aggressive Growth and Blackrock Science Technology is 0.81 (i.e., Very poor diversification). The correlation of Mfs Aggressive 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 Aggressive Correlation With Market

Very poor diversification

The correlation between Mfs Aggressive Growth and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Aggressive Growth 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 Aggressive Growth. 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 price.

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
  0.67HYPPX Mfs High YieldPairCorr
  0.92UIVIX Mfs Intrinsic ValuePairCorr
  0.92UIVCX Mfs Intrinsic ValuePairCorr
  0.92UIVPX Mfs Intrinsic ValuePairCorr
  0.92UIVQX Mfs Intrinsic ValuePairCorr
  0.92UIVNX Mfs Intrinsic ValuePairCorr
  0.92UIVMX Mfs Intrinsic ValuePairCorr
  0.92UIVVX Mfs Intrinsic ValuePairCorr
  0.92UIVRX Mfs Intrinsic ValuePairCorr
  0.83OTCHX Mfs Mid CapPairCorr
  0.83OTCIX Mfs Mid CapPairCorr
  0.83OTCJX Mfs Mid CapPairCorr
  0.83OTCKX Mfs Mid CapPairCorr
  0.84OTCGX Mfs Mid CapPairCorr
  0.62BRKBX Mfs Blended ResearchPairCorr
  0.62BRKCX Mfs Blended ResearchPairCorr
  0.63BRKAX Mfs Blended ResearchPairCorr
  0.84OTCAX 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 Aggressive 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 Aggressive'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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