Mfs Emerging Correlations

Mutual Funds USA . 
Fund . Mfs Emerging Markets
MEDAX Fund  USD 12.93  0.03  0.23%   
The current 90-days correlation between Mfs Emerging Markets and Ambrus Core Bond is -0.11 (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

Poor diversification

The correlation between Mfs Emerging Markets and DJI is 0.62 (i.e., Poor 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

  0.62LFTFX Mfs Lifetime 2065PairCorr
  0.62LFTJX Mfs Lifetime 2065PairCorr
  0.62LFTGX Mfs Lifetime 2065PairCorr
  0.62LFTHX Mfs Lifetime 2065PairCorr
  0.62LFTMX Mfs Lifetime 2065PairCorr
  0.62LFTNX Mfs Lifetime 2065PairCorr
  0.62LFTKX Mfs Lifetime 2065PairCorr
  0.62LFTLX Mfs Lifetime 2065PairCorr
  0.65MKVCX Mfs International LargePairCorr
  0.65MKVBX Mfs International LargePairCorr
  0.65MKVFX Mfs International LargePairCorr
  0.65MKVEX Mfs International LargePairCorr
  0.65MKVDX Mfs International LargePairCorr
  0.65MKVIX Mfs International LargePairCorr
  0.65MKVHX Mfs Series TrustPairCorr
  0.74BRKBX Mfs Blended ResearchPairCorr
  0.74BRKCX Mfs Blended ResearchPairCorr
  0.74BRKAX Mfs Blended ResearchPairCorr
  0.67EMLBX Mfs Emerging MarketsPairCorr
  0.67EMLAX Mfs Emerging MarketsPairCorr
  0.74BRKUX Mfs Blended ResearchPairCorr
  0.74BRKVX Mfs Blended ResearchPairCorr
  0.74BRKRX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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.

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