Mfs Global Correlations

Mutual Funds USA . 
Fund . Mfs Global Real
MGLDX Fund  USD 17.29  0.03  0.17%   
The current 90-days correlation between Mfs Global Real and Alliancebernstein National Municipal is 0.19 (i.e., Average diversification). The correlation of Mfs Global 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 Global Correlation With Market

Very weak diversification

The correlation between Mfs Global Real and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real 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 Global Real. 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 discontinued.

Moving together with Mfs Mutual Fund

  0.81LFTFX Mfs Lifetime 2065PairCorr
  0.77LFTJX Mfs Lifetime 2065PairCorr
  0.77LFTGX Mfs Lifetime 2065PairCorr
  0.78LFTHX Mfs Lifetime 2065PairCorr
  0.78LFTMX Mfs Lifetime 2065PairCorr
  0.78LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.78LFTLX Mfs Lifetime 2065PairCorr
  0.72HYPPX Mfs High YieldPairCorr
  0.8MKVCX Mfs International LargePairCorr
  0.84MKVBX Mfs International LargePairCorr
  0.8MKVGX Mfs International LargePairCorr
  0.8MKVFX Mfs International LargePairCorr
  0.8MKVEX Mfs International LargePairCorr
  0.8MKVDX Mfs International LargePairCorr
  0.8MKVIX Mfs International LargePairCorr
  0.81MKVHX Mfs Series TrustPairCorr
  0.88BRKBX Mfs Blended ResearchPairCorr
  0.91BRKCX Mfs Blended ResearchPairCorr
  0.88BRKAX Mfs Blended ResearchPairCorr
  0.83EMLBX Mfs Emerging MarketsPairCorr
  0.87EMLAX Mfs Emerging MarketsPairCorr
  0.88BRKUX Mfs Blended ResearchPairCorr
  0.88BRKVX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.59OTCGX Mfs Mid CapPairCorr
  0.57OTCAX Mfs Mid CapPairCorr
  0.56OTCIX Mfs Mid CapPairCorr
  0.56OTCJX Mfs Mid CapPairCorr
  0.56OTCKX Mfs Mid CapPairCorr
  0.55OTCHX Mfs Mid CapPairCorr
  0.59OTCCX Mfs Mid CapPairCorr
  0.58OTCBX Mfs Mid CapPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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