Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDFX Fund  USD 12.07  0.03  0.25%   
The current 90-days correlation between Mfs Emerging Markets and Mfs Prudent Investor is 0.22 (i.e., Modest 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.
  
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 census.

Moving together with Mfs Mutual Fund

  0.71FPPJX Mfs Prudent InvestorPairCorr
  0.71FPPQX Mfs Prudent InvestorPairCorr
  0.71FPPRX Mfs Prudent InvestorPairCorr
  0.71FPPSX Mfs Prudent InvestorPairCorr
  0.71FPPUX Mfs Prudent InvestorPairCorr
  0.71FPPVX Mfs Prudent InvestorPairCorr
  0.91DIFIX Mfs Diversified IncomePairCorr
  0.82DIFGX Mfs Diversified IncomePairCorr
  0.88DIFCX Mfs Diversified IncomePairCorr
  0.72EMLCX Mfs Emerging MarketsPairCorr
  0.88MMHCX Mfs Municipal HighPairCorr
  0.86MMHYX Mfs Municipal HighPairCorr
  0.65MMUCX Mfs UtilitiesPairCorr
  0.65MMUFX Mfs UtilitiesPairCorr
  0.63MMUIX Mfs UtilitiesPairCorr
  0.84MNCLX Mfs North CarolinaPairCorr
  0.78MQLFX Mfs Limited MaturityPairCorr
  0.83MQLJX Mfs Limited MaturityPairCorr
  0.79MACFX Mfs Servative AllocationPairCorr
  0.85MSNCX Mfs North CarolinaPairCorr
  0.78MBABX Mfs Alabama MunicipalPairCorr
  0.84MTALX Mfs MassachusettsPairCorr
  0.82MBMDX Mfs Maryland MunicipalPairCorr

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  0.28 (0.01)(0.31) 1.39  0.36 
(0.32)
 0.58 
(0.67)
 1.82 
FPPQX  0.28 (0.01) 0.00  0.77  0.00 
 0.00 
 0.59 
(0.67)
 1.74 
FPPRX  0.28  0.00  0.00  0.00  0.00 
 0.00 
 0.59 
(0.76)
 1.85 
FPPSX  0.28 (0.01) 0.00  0.75  0.00 
 0.00 
 0.59 
(0.67)
 1.83 
FPPUX  0.28 (0.01)(0.33) 0.52  0.35 
(0.34)
 0.59 
(0.75)
 1.82 
FPPVX  0.27 (0.01)(0.32) 0.80  0.34 
(0.32)
 0.51 
(0.66)
 1.82 
LFTFX  0.47 (0.02)(0.10) 0.08  0.53 
(0.54)
 0.97 
(0.86)
 3.14 
LFTJX  0.47 (0.03)(0.09) 0.08  0.53 
(0.55)
 0.98 
(0.87)
 3.15 
LFTGX  0.46 (0.03)(0.10) 0.08  0.52 
(0.54)
 0.98 
(0.87)
 3.16 
LFTHX  0.48 (0.02)(0.09) 0.09  0.53 
(0.55)
 0.87 
(0.95)
 3.22 

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