Mfs Inflation-adjust Correlations

Mutual Funds . USA . 
Fund . Mfs Inflation Adjusted Bond
MIAKX Fund  USD 9.14  0.02  0.22%   
The current 90-days correlation between Mfs Inflation Adjusted and Allianzgi Technology Fund is -0.08 (i.e., Good diversification). The correlation of Mfs Inflation-adjust 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 Inflation-adjust Correlation With Market

Significant diversification

The correlation between Mfs Inflation Adjusted Bond and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Inflation Adjusted Bond 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 Inflation Adjusted Bond. 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

  0.79MKVCX Mfs International LargePairCorr
  0.79MKVBX Mfs International LargePairCorr
  0.78MKVGX Mfs International LargePairCorr
  0.79MKVFX Mfs International LargePairCorr
  0.79MKVEX Mfs International LargePairCorr
  0.79MKVDX Mfs International LargePairCorr
  0.78MKVIX Mfs International LargePairCorr
  0.78MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.46UIVIX Mfs Intrinsic ValuePairCorr
  0.44UIVCX Mfs Intrinsic ValuePairCorr
  0.33LFTKX Mfs Lifetime 2065PairCorr
  0.54OTCHX Mfs Mid CapPairCorr
  0.54OTCIX Mfs Mid CapPairCorr
  0.54OTCJX Mfs Mid CapPairCorr
  0.54OTCKX Mfs Mid CapPairCorr
  0.53OTCGX Mfs Mid CapPairCorr
  0.46UIVPX Mfs Intrinsic ValuePairCorr
  0.46UIVQX Mfs Intrinsic ValuePairCorr
  0.46UIVVX Mfs Intrinsic ValuePairCorr
  0.46UIVRX Mfs Intrinsic ValuePairCorr
  0.45UIVNX Mfs Intrinsic ValuePairCorr
  0.44UIVMX Mfs Intrinsic ValuePairCorr
  0.54OTCAX Mfs Mid CapPairCorr
  0.53OTCBX Mfs Mid CapPairCorr
  0.53OTCCX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Inflation-adjust 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 Inflation-adjust'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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