Mfs Emerging Correlations

MEDHX Fund

USD 12.15 0.02 0.16%

The current 90-days correlation between Mfs Emerging Markets and Mfs Prudent Investor is 0.23 (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.

Mfs Emerging Correlation With Market

Significant diversification

The correlation between Mfs Emerging Markets and DJI is 0.06 (i.e., Significant 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 rate.

Moving together with MFS Mutual Fund

0.69	FPPJX	Mfs Prudent Investor	Pair Corr
0.69	FPPQX	Mfs Prudent Investor	Pair Corr
0.7	FPPRX	Mfs Prudent Investor	Pair Corr
0.7	FPPSX	Mfs Prudent Investor	Pair Corr
0.69	FPPUX	Mfs Prudent Investor	Pair Corr
0.69	FPPVX	Mfs Prudent Investor	Pair Corr
0.7	MKVBX	Mfs International Large	Pair Corr
0.69	BRXBX	Mfs Blended Research	Pair Corr
0.61	MLLCX	Mfs Lifetime Retirement	Pair Corr
0.63	MMGAX	Mfs Georgia Municipal	Pair Corr
0.69	MMICX	Mfs Municipal Income	Pair Corr
0.7	MMHCX	Mfs Municipal High	Pair Corr

Moving against MFS Mutual Fund

0.34	MNDAX	Mfs New Discovery	Pair Corr
0.34	MNDIX	Mfs New Discovery	Pair Corr
0.34	MNDRX	Mfs New Discovery	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	1.0	1.0	0.24	0.36	0.26	0.33	FPPJX
FPPQX	1.0		1.0	1.0	1.0	1.0	0.23	0.34	0.25	0.32	FPPQX
FPPRX	1.0	1.0		1.0	1.0	1.0	0.19	0.3	0.21	0.27	FPPRX
FPPSX	1.0	1.0	1.0		1.0	1.0	0.22	0.33	0.23	0.3	FPPSX
FPPUX	1.0	1.0	1.0	1.0		1.0	0.24	0.36	0.25	0.33	FPPUX
FPPVX	1.0	1.0	1.0	1.0	1.0		0.25	0.37	0.27	0.34	FPPVX
LFTFX	0.24	0.23	0.19	0.22	0.24	0.25		0.83	1.0	0.83	LFTFX
LFTJX	0.36	0.34	0.3	0.33	0.36	0.37	0.83		0.83	1.0	LFTJX
LFTGX	0.26	0.25	0.21	0.23	0.25	0.27	1.0	0.83		0.83	LFTGX
LFTHX	0.33	0.32	0.27	0.3	0.33	0.34	0.83	1.0	0.83		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

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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
FPPJX	0.28	(0.02)	(0.28)	0.02	0.35	(0.30)	0.51	(0.67)	1.82
FPPQX	0.29	(0.02)	(0.29)	0.01	0.36	(0.31)	0.58	(0.67)	1.74
FPPRX	0.28	(0.03)	(0.30)	0.00	0.36	(0.30)	0.52	(0.76)	1.85
FPPSX	0.29	(0.02)	(0.30)	0.00	0.37	(0.30)	0.58	(0.67)	1.83
FPPUX	0.29	(0.02)	(0.30)	0.02	0.35	(0.32)	0.58	(0.75)	1.82
FPPVX	0.27	(0.02)	(0.30)	0.02	0.34	(0.29)	0.50	(0.66)	1.82
LFTFX	0.43	0.07	(0.09)	1.29	0.40	(0.53)	0.87	(0.85)	2.82
LFTJX	0.45	(0.03)	(0.11)	0.08	0.53	(0.52)	0.87	(0.87)	2.93
LFTGX	0.42	0.06	(0.09)	1.09	0.40	(0.52)	0.87	(0.76)	2.84
LFTHX	0.46	(0.02)	(0.10)	0.09	0.53	(0.53)	0.86	(0.95)	2.80

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