Mfs Corporate Correlations

Mutual Funds . USA . 
Fund . Mfs Porate Bond
MFBHX Fund  USD 12.27  0.02  0.16%   
The current 90-days correlation between Mfs Porate Bond and Ultrasmall Cap Profund Ultrasmall Cap is 0.23 (i.e., Modest diversification). The correlation of Mfs Corporate 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 Corporate Correlation With Market

Modest diversification

The correlation between Mfs Porate Bond and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Porate Bond 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 Porate Bond. 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

  0.84LFTFX Mfs Lifetime 2065PairCorr
  0.84LFTJX Mfs Lifetime 2065PairCorr
  0.84LFTGX Mfs Lifetime 2065PairCorr
  0.83LFTHX Mfs Lifetime 2065PairCorr
  0.83LFTMX Mfs Lifetime 2065PairCorr
  0.83LFTNX Mfs Lifetime 2065PairCorr
  0.84LFTKX Mfs Lifetime 2065PairCorr
  0.82LFTLX Mfs Lifetime 2065PairCorr
  0.79UIVIX Mfs Intrinsic ValuePairCorr
  0.8UIVCX Mfs Intrinsic ValuePairCorr
  0.79UIVPX Mfs Intrinsic ValuePairCorr
  0.79UIVQX Mfs Intrinsic ValuePairCorr
  0.8UIVNX Mfs Intrinsic ValuePairCorr
  0.8UIVMX Mfs Intrinsic ValuePairCorr
  0.81UIVVX Mfs Intrinsic ValuePairCorr
  0.79UIVRX Mfs Intrinsic ValuePairCorr
  0.7OTCHX Mfs Mid CapPairCorr
  0.71OTCIX Mfs Mid CapPairCorr
  0.71OTCJX Mfs Mid CapPairCorr
  0.71OTCKX Mfs Mid CapPairCorr
  0.73MKVCX Mfs International LargePairCorr
  0.73MKVBX Mfs International LargePairCorr
  0.69OTCGX Mfs Mid CapPairCorr
  0.73MKVGX Mfs International LargePairCorr
  0.73MKVFX Mfs International LargePairCorr
  0.73MKVEX Mfs International LargePairCorr
  0.73MKVDX Mfs International LargePairCorr
  0.73MKVIX Mfs International LargePairCorr
  0.73MKVHX Mfs Series TrustPairCorr
  0.71OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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