Mfs Corporate Correlations

Mutual Funds . USA . 
Fund . Mfs Porate Bond
MBDIX Fund  USD 12.48  0.05  0.40%   
The current 90-days correlation between Mfs Porate Bond and Qs Small Capitalization is 0.12 (i.e., Average diversification). The correlation of Mfs Corporate 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 Corporate Correlation With Market

Average diversification

The correlation between Mfs Porate Bond and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Porate Bond 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 Porate Bond. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.7MKVCX Mfs International LargePairCorr
  0.69MKVBX Mfs International LargePairCorr
  0.71MKVGX Mfs International LargePairCorr
  0.7MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.71MKVIX Mfs International LargePairCorr
  0.71MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.55OTCHX Mfs Mid CapPairCorr
  0.54OTCIX Mfs Mid CapPairCorr
  0.54OTCJX Mfs Mid CapPairCorr
  0.54OTCKX Mfs Mid CapPairCorr
  0.53OTCGX Mfs Mid CapPairCorr
  0.48UIVIX Mfs Intrinsic ValuePairCorr
  0.48UIVPX Mfs Intrinsic ValuePairCorr
  0.48UIVQX Mfs Intrinsic ValuePairCorr
  0.48UIVVX Mfs Intrinsic ValuePairCorr
  0.48UIVRX Mfs Intrinsic ValuePairCorr
  0.47UIVCX Mfs Intrinsic ValuePairCorr
  0.47UIVNX Mfs Intrinsic ValuePairCorr
  0.47UIVMX Mfs Intrinsic ValuePairCorr
  0.36LFTHX Mfs Lifetime 2065PairCorr
  0.35LFTFX Mfs Lifetime 2065PairCorr
  0.35LFTMX Mfs Lifetime 2065PairCorr
  0.35LFTNX Mfs Lifetime 2065PairCorr
  0.35LFTLX Mfs Lifetime 2065PairCorr
  0.34LFTKX Mfs Lifetime 2065PairCorr
  0.33LFTJX Mfs Lifetime 2065PairCorr
  0.33LFTGX Mfs Lifetime 2065PairCorr
  0.55OTCBX Mfs Mid CapPairCorr
  0.55OTCCX Mfs Mid CapPairCorr
  0.54OTCAX Mfs Mid CapPairCorr
  0.54BRSUX Mfs Blended ResearchPairCorr
  0.54BRSSX Mfs Blended ResearchPairCorr
  0.54BRSPX Mfs Blended ResearchPairCorr
  0.54BRSJX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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