Mfs Research Correlations

Mutual Funds . USA . 
Fund . Mfs Research Fund
MFRKX Fund  USD 65.05  0.21  0.32%   
The current 90-days correlation between Mfs Research and Vanguard Total Stock is 0.98 (i.e., Almost no diversification). The correlation of Mfs Research 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 Research Correlation With Market

Very poor diversification

The correlation between Mfs Research Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Research 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 Research 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

  0.89LFTFX Mfs Lifetime 2065PairCorr
  0.88LFTJX Mfs Lifetime 2065PairCorr
  0.88LFTGX Mfs Lifetime 2065PairCorr
  0.89LFTHX Mfs Lifetime 2065PairCorr
  0.89LFTMX Mfs Lifetime 2065PairCorr
  0.89LFTNX Mfs Lifetime 2065PairCorr
  0.84LFTKX Mfs Lifetime 2065PairCorr
  0.89LFTLX Mfs Lifetime 2065PairCorr
  0.65HYPPX Mfs High YieldPairCorr
  0.97UIVIX Mfs Intrinsic ValuePairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.96UIVNX Mfs Intrinsic ValuePairCorr
  0.96UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.97UIVRX Mfs Intrinsic ValuePairCorr
  0.95OTCHX Mfs Mid CapPairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.95OTCJX Mfs Mid CapPairCorr
  0.95OTCKX Mfs Mid CapPairCorr
  0.95OTCGX Mfs Mid CapPairCorr
  0.95OTCAX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.47MKVDX Mfs International LargePairCorr
  0.46MKVCX Mfs International LargePairCorr
  0.45MKVBX Mfs International LargePairCorr
  0.45MKVEX Mfs International LargePairCorr
  0.44MKVGX Mfs International LargePairCorr
  0.44MKVFX Mfs International LargePairCorr
  0.61EMLNX Mfs Emerging MarketsPairCorr
  0.6EMLAX Mfs Emerging MarketsPairCorr
  0.59EMLBX Mfs Emerging MarketsPairCorr
  0.44MKVIX Mfs International LargePairCorr
  0.44MKVHX Mfs Series TrustPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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