Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEICX Fund  USD 49.95  0.13  0.26%   
The current 90-days correlation between Mfs Value Fund and Ab Municipal Bond is -0.08 (i.e., Good 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

Weak diversification

The correlation between Mfs Value Fund and DJI is 0.37 (i.e., Weak 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.79LFTFX Mfs Lifetime 2065PairCorr
  0.79LFTJX Mfs Lifetime 2065PairCorr
  0.8LFTGX Mfs Lifetime 2065PairCorr
  0.75LFTHX Mfs Lifetime 2065PairCorr
  0.78LFTMX Mfs Lifetime 2065PairCorr
  0.78LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.73LFTLX Mfs Lifetime 2065PairCorr
  0.82UIVIX Mfs Intrinsic ValuePairCorr
  0.83UIVCX Mfs Intrinsic ValuePairCorr
  0.82UIVPX Mfs Intrinsic ValuePairCorr
  0.83UIVQX Mfs Intrinsic ValuePairCorr
  0.83UIVNX Mfs Intrinsic ValuePairCorr
  0.83UIVMX Mfs Intrinsic ValuePairCorr
  0.82UIVVX Mfs Intrinsic ValuePairCorr
  0.83UIVRX Mfs Intrinsic ValuePairCorr
  0.92OTCHX Mfs Mid CapPairCorr
  0.84OTCIX Mfs Mid CapPairCorr
  0.91OTCJX Mfs Mid CapPairCorr
  0.84OTCKX Mfs Mid CapPairCorr
  0.7MKVCX Mfs International LargePairCorr
  0.69MKVBX Mfs International LargePairCorr
  0.92OTCGX Mfs Mid CapPairCorr
  0.71MKVFX Mfs International LargePairCorr
  0.69MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.68MKVIX Mfs International LargePairCorr
  0.68MKVHX Mfs Series TrustPairCorr
  0.91OTCAX Mfs Mid CapPairCorr
  0.92OTCBX 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   
LOISX
+ 1.0
BBINX
RGVAX
+ 0.84
BBINX
LOISX
+ 0.84
RGVAX
LOISX
+ 0.8
AUNTX
BBINX
+ 0.78
AUNTX
RGVAX
+ 0.68
AUNTX
  
High negative correlations   
RGVAX
- 0.74
RYAQX
BBINX
- 0.65
RYAQX
LOISX
- 0.63
RYAQX
RYAQX
- 0.3
AUNTX

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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