Mfs Commodity Correlations

Mutual Funds . USA . 
Fund . Mfs Commodity Strategy
MCSHX Fund  USD 4.02  0.04  1.01%   
The current 90-days correlation between Mfs Commodity Strategy and Pace Municipal Fixed is -0.29 (i.e., Very good diversification). The correlation of Mfs Commodity 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 Commodity Correlation With Market

Poor diversification

The correlation between Mfs Commodity Strategy and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Commodity Strategy 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 Commodity Strategy. 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 rate.

Moving together with Mfs Mutual Fund

  0.92LFTFX Mfs Lifetime 2065PairCorr
  0.91LFTJX Mfs Lifetime 2065PairCorr
  0.91LFTGX Mfs Lifetime 2065PairCorr
  0.92LFTHX Mfs Lifetime 2065PairCorr
  0.92LFTMX Mfs Lifetime 2065PairCorr
  0.92LFTNX Mfs Lifetime 2065PairCorr
  0.92LFTKX Mfs Lifetime 2065PairCorr
  0.92LFTLX Mfs Lifetime 2065PairCorr
  0.84HYPPX Mfs High YieldPairCorr
  0.78UIVIX Mfs Intrinsic ValuePairCorr
  0.74UIVCX Mfs Intrinsic ValuePairCorr
  0.75UIVPX Mfs Intrinsic ValuePairCorr
  0.75UIVQX Mfs Intrinsic ValuePairCorr
  0.75UIVNX Mfs Intrinsic ValuePairCorr
  0.74UIVMX Mfs Intrinsic ValuePairCorr
  0.75UIVVX Mfs Intrinsic ValuePairCorr
  0.75UIVRX Mfs Intrinsic ValuePairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.93BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.92EMLBX Mfs Emerging MarketsPairCorr
  0.92EMLAX Mfs Emerging MarketsPairCorr
  0.93BRKUX Mfs Blended ResearchPairCorr
  0.93BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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