Mfs Commodity Correlations

Mutual Funds . USA . 
Fund . Mfs Commodity Strategy
MCSHX Fund  USD 3.79  0.14  3.56%   
The current 90-days correlation between Mfs Commodity Strategy and The Hartford Growth is -0.06 (i.e., 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 0.72 (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

  0.87LFTJX Mfs Lifetime 2065PairCorr
  0.87LFTHX Mfs Lifetime 2065PairCorr
  0.87LFTMX Mfs Lifetime 2065PairCorr
  0.87LFTNX Mfs Lifetime 2065PairCorr
  0.87LFTLX Mfs Lifetime 2065PairCorr
  0.81HYPPX Mfs High YieldPairCorr
  0.78UIVRX Mfs Intrinsic ValuePairCorr
  0.62OTCHX Mfs Mid CapPairCorr
  0.62OTCIX Mfs Mid CapPairCorr
  0.62OTCKX Mfs Mid CapPairCorr
  0.9MKVIX Mfs International LargePairCorr
  0.9BRKCX Mfs Blended ResearchPairCorr
  0.94EMLBX Mfs Emerging MarketsPairCorr
  0.9BRKRX Mfs Blended ResearchPairCorr
  0.88DIFIX Mfs Diversified IncomePairCorr
  0.93EMLJX Mfs Emerging MarketsPairCorr
  0.92EMLIX Mfs Emerging MarketsPairCorr
  0.74BRSYX Mfs Blended ResearchPairCorr
  0.87BRUJX Mfs Blended ResearchPairCorr
  0.92BRXUX Mfs Blended ResearchPairCorr
  0.86MLFBX Mfs Lifetime 2040PairCorr
  0.85MLFJX Mfs Lifetime 2040PairCorr
  0.94BRXAX Mfs Blended ResearchPairCorr
  0.86MLLCX Mfs Lifetime RetirementPairCorr
  0.85MMACX Mfs Moderate AllocationPairCorr
  0.72MMHBX Mfs Municipal HighPairCorr
  0.75MNDCX Mfs New DiscoveryPairCorr
  0.8MNDAX Mfs New DiscoveryPairCorr
  0.76MNDKX Mfs New DiscoveryPairCorr
  0.75MNDHX Mfs New DiscoveryPairCorr
  0.63MNWAX Mfs Managed WealthPairCorr
  0.68MPMAX Mfs MassachusettsPairCorr
  0.63MPMNX Mfs Municipal IncomePairCorr
  0.84MQGIX Mfs International GrowthPairCorr
  0.76NDVCX Mfs New DiscoveryPairCorr

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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