Mfs Emerging Correlations

MEDAX Fund

USD 12.74 0.01 0.08%

The current 90-days correlation between Mfs Emerging Markets and Msift High Yield is -0.02 (i.e., Good diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Mfs Emerging Markets and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets 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 Emerging Markets. 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

0.86	HYPPX	Mfs High Yield	Pair Corr
0.92	EMLAX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.39	UIVMX	Mfs Intrinsic Value	Pair Corr
0.38	UIVPX	Mfs Intrinsic Value	Pair Corr
0.38	UIVQX	Mfs Intrinsic Value	Pair Corr
0.38	UIVRX	Mfs Intrinsic Value	Pair Corr
0.37	UIVNX	Mfs Intrinsic Value	Pair Corr
0.35	UIVCX	Mfs Intrinsic Value	Pair Corr
0.34	UIVVX	Mfs Intrinsic Value	Pair Corr

Related Correlations Analysis

	MRHYX	PYRLX	CYBAX	MZHIX	SHYIX	CAYCX	RTHAX
MRHYX		0.96	0.94	0.96	0.92	0.36	0.37	MRHYX
PYRLX	0.96		0.96	0.97	0.91	0.39	0.4	PYRLX
CYBAX	0.94	0.96		0.92	0.95	0.36	0.33	CYBAX
MZHIX	0.96	0.97	0.92		0.92	0.45	0.45	MZHIX
SHYIX	0.92	0.91	0.95	0.92		0.38	0.35	SHYIX
CAYCX	0.36	0.39	0.36	0.45	0.38		0.96	CAYCX
RTHAX	0.37	0.4	0.33	0.45	0.35	0.96		RTHAX
	MRHYX	PYRLX	CYBAX	MZHIX	SHYIX	CAYCX	RTHAX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MRHYX	0.09	0.01	(0.28)	0.14	0.00	(0.17)	0.24	(0.24)	0.59
PYRLX	0.11	0.00	(0.34)	0.17	0.06	(0.14)	0.24	(0.24)	0.94
CYBAX	0.11	0.00	(0.47)	1.53	0.02	(0.12)	0.24	(0.20)	0.68
MZHIX	0.12	0.00	(0.26)	0.07	0.06	(0.17)	0.25	(0.25)	1.00
SHYIX	0.11	0.00	(0.39)	0.03	0.00	(0.21)	0.25	(0.25)	0.87
CAYCX	0.08	0.01	(0.36)	(5.06)	0.00	(0.14)	0.21	(0.10)	0.73
RTHAX	0.06	0.01	(0.40)	3.17	0.00	(0.13)	0.21	(0.10)	0.42

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