Mfs Moderate Correlations

Mutual Funds . USA . 
Fund . Mfs Moderate Allocation
MMAIX Fund  USD 20.58  0.10  0.48%   
The current 90-days correlation between Mfs Moderate Allocation and Nuveen Ohio Municipal is -0.05 (i.e., Good diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Very poor diversification

The correlation between Mfs Moderate Allocation and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation 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 Moderate Allocation. 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

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.97LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065PairCorr
  0.9HYPPX Mfs High YieldPairCorr
  0.94UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.79OTCHX Mfs Mid CapPairCorr
  0.79OTCIX Mfs Mid CapPairCorr
  0.79OTCJX Mfs Mid CapPairCorr
  0.79OTCKX Mfs Mid CapPairCorr
  0.92MKVCX Mfs International LargePairCorr
  0.91MKVGX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.82BRKBX Mfs Blended ResearchPairCorr
  0.86BRKCX Mfs Blended ResearchPairCorr
  0.89EMLBX Mfs Emerging MarketsPairCorr
  0.88EMLAX Mfs Emerging MarketsPairCorr
  0.86BRKUX Mfs Blended ResearchPairCorr
  0.83BRKRX Mfs Blended ResearchPairCorr
  0.86BRKTX Mfs Blended ResearchPairCorr
  0.89EMLNX Mfs Emerging MarketsPairCorr
  0.91DIFIX Mfs Diversified IncomePairCorr
  0.89EMLMX Mfs Emerging MarketsPairCorr
  0.89EMLLX Mfs Emerging MarketsPairCorr
  0.91DIFGX Mfs Diversified IncomePairCorr
  0.89EMLJX Mfs Emerging MarketsPairCorr
  0.9DIFFX Mfs Diversified IncomePairCorr
  0.89EMLIX Mfs Emerging MarketsPairCorr
  0.89EMLCX Mfs Emerging MarketsPairCorr
  0.87BRSTX Mfs Blended ResearchPairCorr
  0.87BRSHX Mfs Blended ResearchPairCorr
  0.88BRSBX Mfs Blended ResearchPairCorr
  0.87BRSYX Mfs Blended ResearchPairCorr
  0.92BRUJX Mfs Blended ResearchPairCorr
  0.93BRUGX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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