Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIAX Fund  USD 50.75  0.41  0.81%   
The current 90-days correlation between Mfs Value Fund and Mfs Total Return is 0.29 (i.e., Modest diversification). The correlation of Mfs Value 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 Value Correlation With Market

Modest diversification

The correlation between Mfs Value Fund and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value Fund 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 Value Fund. 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

  0.69LFTGX Mfs Lifetime 2065PairCorr
  0.68LFTKX Mfs Lifetime 2065PairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.7UIVRX Mfs Intrinsic ValuePairCorr
  0.85OTCIX Mfs Mid CapPairCorr
  0.85OTCJX Mfs Mid CapPairCorr
  0.83MKVCX Mfs International LargePairCorr
  0.83MKVDX Mfs International LargePairCorr
  0.87OTCAX Mfs Mid CapPairCorr
  0.74EMLBX Mfs Emerging MarketsPairCorr
  0.85DIFIX Mfs Diversified IncomePairCorr
  0.72EMLMX Mfs Emerging MarketsPairCorr
  0.84DIFHX Mfs Diversified IncomePairCorr
  0.71EMLKX Mfs Emerging MarketsPairCorr
  0.85DIFEX Mfs Diversified IncomePairCorr
  0.86DIFDX Mfs Diversified IncomePairCorr
  0.86DIFCX Mfs Diversified IncomePairCorr
  0.84DIFAX Mfs Diversified IncomePairCorr
  0.92BRSSX Mfs Blended ResearchPairCorr
  0.93BRSPX Mfs Blended ResearchPairCorr
  1.0BRUMX Mfs Blended ResearchPairCorr
  1.0BRUHX Mfs Blended ResearchPairCorr
  0.78MLLCX Mfs Lifetime RetirementPairCorr
  0.77MLTCX Mfs Lifetime 2030PairCorr
  0.77MLTHX Mfs Lifetime 2030PairCorr
  0.99MLVBX Mfs Low VolatilityPairCorr
  0.9MMUFX Mfs UtilitiesPairCorr
  0.65MRRRX Mfs Total ReturnPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Value 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 Value'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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