Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDBX Fund  USD 12.02  0.01  0.08%   
The current 90-days correlation between Mfs Emerging Markets and Alphacentric Symmetry Strategy is 0.38 (i.e., Weak 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

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.17 (i.e., Average 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.66FPPJX Mfs Prudent InvestorPairCorr
  0.66FPPQX Mfs Prudent InvestorPairCorr
  0.67FPPRX Mfs Prudent InvestorPairCorr
  0.66FPPSX Mfs Prudent InvestorPairCorr
  0.66FPPUX Mfs Prudent InvestorPairCorr
  0.66FPPVX Mfs Prudent InvestorPairCorr
  0.76LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.76LFTGX Mfs Lifetime 2065PairCorr
  0.76LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.77LFTNX Mfs Lifetime 2065PairCorr
  0.76LFTKX Mfs Lifetime 2065PairCorr
  0.76LFTLX Mfs Lifetime 2065PairCorr
  0.73UIVIX Mfs Intrinsic ValuePairCorr
  0.73UIVCX Mfs Intrinsic ValuePairCorr
  0.78UIVPX Mfs Intrinsic ValuePairCorr
  0.78UIVQX Mfs Intrinsic ValuePairCorr
  0.73UIVNX Mfs Intrinsic ValuePairCorr
  0.77UIVMX Mfs Intrinsic ValuePairCorr
  0.73UIVVX Mfs Intrinsic ValuePairCorr
  0.77UIVRX Mfs Intrinsic ValuePairCorr
  0.63OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RBLCX
+ 0.88
RYCVX
IGIEX
+ 0.87
VMSAX
VMSAX
+ 0.83
FEMDX
VMSAX
+ 0.8
SYMAX
FEMDX
+ 0.79
SYMAX
IGIEX
+ 0.74
RBLCX
  
High negative correlations   
IGIEX
- 0.07
MBXAX

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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