Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIKX Fund  USD 55.10  0.35  0.64%   
The current 90-days correlation between Mfs Value Fund and Mfs Growth Fund is 0.57 (i.e., Very weak 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

Almost no diversification

The correlation between Mfs Value Fund and DJI is 0.91 (i.e., Almost no 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 industry.

Moving together with Mfs Mutual Fund

  0.84LFTFX Mfs Lifetime 2065PairCorr
  0.84LFTLX Mfs Lifetime 2065PairCorr
  0.84OTCIX Mfs Mid CapPairCorr
  0.84OTCJX Mfs Mid CapPairCorr
  0.84OTCKX Mfs Mid CapPairCorr
  0.88OTCAX Mfs Mid CapPairCorr
  0.87BRSUX Mfs Blended ResearchPairCorr
  0.87BRSJX Mfs Blended ResearchPairCorr
  0.86BRSDX Mfs Blended ResearchPairCorr
  0.94BRUDX Mfs Blended ResearchPairCorr
  0.82BRWCX Mfs Blended ResearchPairCorr
  0.71MLTIX Mfs Lifetime 2030PairCorr
  0.82MLVAX Mfs Low VolatilityPairCorr
  0.96MLVPX Mfs Low VolatilityPairCorr
  0.96MLVMX Mfs Low VolatilityPairCorr

Moving against Mfs Mutual Fund

  0.39EMLCX Mfs Emerging MarketsPairCorr
  0.38EMLAX Mfs Emerging MarketsPairCorr
  0.52MRBCX Mfs Total ReturnPairCorr
  0.37MRSGX Mfs Research InternaPairCorr
  0.36MRSAX Mfs Research InternaPairCorr
  0.35MRSKX Mfs Research InternaPairCorr

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   
JMVYX
+ 0.99
MVCKX
MVCKX
+ 0.95
MFEKX
JMVYX
+ 0.95
MFEKX
MDIZX
+ 0.55
PTRQX
  
High negative correlations   
PTRQX
- 0.67
MFEKX
JMVYX
- 0.66
PTRQX
MVCKX
- 0.63
PTRQX
JMVYX
- 0.29
MDIZX
MDIZX
- 0.21
MFEKX
MVCKX
- 0.17
MDIZX

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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