Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Fund
MFEKX Fund  USD 211.94  0.48  0.23%   
The current 90-days correlation between Mfs Growth Fund and Tax Managed Mid Small is 0.51 (i.e., Very weak diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Very weak diversification

The correlation between Mfs Growth Fund and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth 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 Growth 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

  0.86LFTGX Mfs Lifetime 2065PairCorr
  0.85LFTKX Mfs Lifetime 2065PairCorr
  0.87UIVPX Mfs Intrinsic ValuePairCorr
  0.87UIVRX Mfs Intrinsic ValuePairCorr
  0.8OTCIX Mfs Mid CapPairCorr
  0.8OTCJX Mfs Mid CapPairCorr
  0.82MKVCX Mfs International LargePairCorr
  0.82MKVDX Mfs International LargePairCorr
  0.8OTCAX Mfs Mid CapPairCorr
  0.73EMLBX Mfs Emerging MarketsPairCorr
  0.87DIFIX Mfs Diversified IncomePairCorr
  0.72EMLMX Mfs Emerging MarketsPairCorr
  0.87DIFHX Mfs Diversified IncomePairCorr
  0.73EMLKX Mfs Emerging MarketsPairCorr
  0.88DIFEX Mfs Diversified IncomePairCorr
  0.88DIFDX Mfs Diversified IncomePairCorr
  0.88DIFCX Mfs Diversified IncomePairCorr
  0.87DIFAX Mfs Diversified IncomePairCorr
  0.86BRSSX Mfs Blended ResearchPairCorr
  0.85BRSPX Mfs Blended ResearchPairCorr
  0.81BRUMX Mfs Blended ResearchPairCorr
  0.8BRUHX Mfs Blended ResearchPairCorr
  0.69BRWVX Mfs Blended ResearchPairCorr
  0.7BRWUX Mfs Blended ResearchPairCorr
  0.64BRWSX Mfs Blended ResearchPairCorr
  0.86MLLCX Mfs Lifetime RetirementPairCorr
  0.87MLTCX Mfs Lifetime 2030PairCorr
  0.85MLTHX Mfs Lifetime 2030PairCorr
  0.8MLVBX Mfs Low VolatilityPairCorr
  0.73MMIIX Mfs Municipal HighPairCorr
  0.73MMUFX Mfs UtilitiesPairCorr
  0.69MNDAX Mfs New DiscoveryPairCorr
  0.72MPMAX Mfs MassachusettsPairCorr
  0.77MRBFX Mfs Total ReturnPairCorr
  0.79MRRRX 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 Growth 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 Growth'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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