Mfs High Correlations

Mutual Funds . USA . 
Fund . Mfs High Income
MHIKX Fund  USD 3.15  0.01  0.32%   
The current 90-days correlation between Mfs High Income and Virtus Convertible is 0.03 (i.e., Significant 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

Almost no diversification

The correlation between Mfs High Income and DJI is 0.9 (i.e., Almost no 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 employment.

Moving together with Mfs Mutual Fund

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.93LFTHX Mfs Lifetime 2065PairCorr
  0.93LFTMX Mfs Lifetime 2065PairCorr
  0.93LFTNX Mfs Lifetime 2065PairCorr
  0.93LFTKX Mfs Lifetime 2065PairCorr
  0.93LFTLX Mfs Lifetime 2065PairCorr
  0.98HYPPX Mfs High YieldPairCorr
  0.94UIVIX Mfs Intrinsic ValuePairCorr
  0.9UIVCX Mfs Intrinsic ValuePairCorr
  0.9UIVPX Mfs Intrinsic ValuePairCorr
  0.9UIVQX Mfs Intrinsic ValuePairCorr
  0.9UIVNX Mfs Intrinsic ValuePairCorr
  0.9UIVMX Mfs Intrinsic ValuePairCorr
  0.9UIVRX Mfs Intrinsic ValuePairCorr
  0.79OTCHX Mfs Mid CapPairCorr
  0.79OTCIX Mfs Mid CapPairCorr
  0.79OTCJX Mfs Mid CapPairCorr
  0.79OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.78OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.8BRKBX Mfs Blended ResearchPairCorr
  0.84BRKCX Mfs Blended ResearchPairCorr
  0.81BRKAX Mfs Blended ResearchPairCorr
  0.79OTCAX Mfs Mid CapPairCorr
  0.78OTCBX Mfs Mid CapPairCorr
  0.77OTCCX Mfs Mid CapPairCorr
  0.88EMLBX Mfs Emerging MarketsPairCorr
  0.88EMLAX Mfs Emerging MarketsPairCorr
  0.84BRKUX Mfs Blended ResearchPairCorr
  0.84BRKVX Mfs Blended ResearchPairCorr
  0.84BRKRX Mfs Blended ResearchPairCorr

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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