Mfs High Correlations

Mutual Funds . USA . 
Fund . Mfs High Income
MHIIX Fund  USD 3.15  0.01  0.32%   
The current 90-days correlation between Mfs High Income and Qs Moderate Growth is 0.3 (i.e., Weak diversification). The correlation of Mfs High 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 High Correlation With Market

Poor diversification

The correlation between Mfs High Income and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs High Income 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 High Income. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.78LFTFX Mfs Lifetime 2065PairCorr
  0.85LFTJX Mfs Lifetime 2065PairCorr
  0.85LFTHX Mfs Lifetime 2065PairCorr
  0.94LFTMX Mfs Lifetime 2065PairCorr
  0.8LFTNX Mfs Lifetime 2065PairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.8LFTLX Mfs Lifetime 2065PairCorr
  0.99HYPPX Mfs High YieldPairCorr
  0.84UIVIX Mfs Intrinsic ValuePairCorr
  0.91UIVCX Mfs Intrinsic ValuePairCorr
  0.85UIVPX Mfs Intrinsic ValuePairCorr
  0.84UIVQX Mfs Intrinsic ValuePairCorr
  0.74UIVNX Mfs Intrinsic ValuePairCorr
  0.74UIVMX Mfs Intrinsic ValuePairCorr
  0.84UIVVX Mfs Intrinsic ValuePairCorr
  0.79OTCHX Mfs Mid CapPairCorr
  0.66OTCIX Mfs Mid CapPairCorr
  0.8OTCJX Mfs Mid CapPairCorr
  0.66OTCKX Mfs Mid CapPairCorr
  0.72MKVCX Mfs International LargePairCorr
  0.7MKVBX Mfs International LargePairCorr
  0.74OTCGX Mfs Mid CapPairCorr
  0.72MKVGX Mfs International LargePairCorr
  0.94MKVFX Mfs International LargePairCorr
  0.72MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.94MKVHX Mfs Series TrustPairCorr
  0.68BRKBX Mfs Blended ResearchPairCorr
  0.81BRKCX Mfs Blended ResearchPairCorr
  0.7BRKAX Mfs Blended ResearchPairCorr
  0.74OTCBX Mfs Mid CapPairCorr
  0.74OTCCX Mfs Mid CapPairCorr
  0.82EMLBX Mfs Emerging MarketsPairCorr
  0.69BRKUX Mfs Blended ResearchPairCorr
  0.69BRKVX Mfs Blended ResearchPairCorr
  0.69BRKRX Mfs Blended ResearchPairCorr
  0.69BRKSX Mfs Blended ResearchPairCorr
  0.69BRKTX Mfs Blended ResearchPairCorr
  0.92EMLNX Mfs Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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