Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDEX Fund  USD 12.12  0.03  0.25%   
The current 90-days correlation between Mfs Emerging Markets and Mfs Prudent Investor is 0.39 (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 0.15 (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 income.

Moving together with Mfs Mutual Fund

  0.79LFTFX Mfs Lifetime 2065PairCorr
  0.78LFTJX Mfs Lifetime 2065PairCorr
  0.78LFTGX Mfs Lifetime 2065PairCorr
  0.79LFTHX Mfs Lifetime 2065PairCorr
  0.8LFTMX Mfs Lifetime 2065PairCorr
  0.76LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.75LFTLX Mfs Lifetime 2065PairCorr
  0.61HYPPX Mfs High YieldPairCorr
  0.75UIVIX Mfs Intrinsic ValuePairCorr
  0.74UIVCX Mfs Intrinsic ValuePairCorr
  0.74UIVPX Mfs Intrinsic ValuePairCorr
  0.74UIVQX Mfs Intrinsic ValuePairCorr
  0.74UIVNX Mfs Intrinsic ValuePairCorr
  0.74UIVMX Mfs Intrinsic ValuePairCorr
  0.78UIVVX Mfs Intrinsic ValuePairCorr
  0.74UIVRX Mfs Intrinsic ValuePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.30  0.03 (0.11) 0.42  0.30 
(0.33)
 0.59 
(0.61)
 1.62 
FPPQX  0.30  0.03 (0.12) 0.39  0.32 
(0.33)
 0.60 
(0.61)
 1.63 
FPPRX  0.30  0.03 (0.12) 0.36  0.33 
(0.33)
 0.53 
(0.61)
 1.71 
FPPSX  0.30  0.03 (0.12) 0.37  0.35 
(0.32)
 0.60 
(0.61)
 1.63 
FPPUX  0.30  0.03 (0.12) 0.45  0.33 
(0.33)
 0.52 
(0.60)
 1.71 
FPPVX  0.29  0.03 (0.12) 0.46  0.32 
(0.32)
 0.52 
(0.61)
 1.70 
LFTFX  0.47 (0.01)(0.11) 0.03  0.69 
(0.50)
 1.10 
(1.18)
 3.82 
LFTJX  0.47 (0.01)(0.11) 0.00  0.67 
(0.53)
 1.20 
(1.18)
 3.81 
LFTGX  0.47 (0.01)(0.11) 0.00  0.68 
(0.51)
 1.19 
(1.28)
 3.83 
LFTHX  0.48  0.00 (0.11) 0.04  0.66 
(0.54)
 1.10 
(1.18)
 3.71 

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