Mfs Total Correlations

Mutual Funds . USA . 
Fund . Mfs Total Return
MRBCX Fund  USD 9.54  0.02  0.21%   
The current 90-days correlation between Mfs Total Return and T Rowe Price is -0.01 (i.e., Good diversification). The correlation of Mfs Total 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 Total Correlation With Market

Good diversification

The correlation between Mfs Total Return and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Total Return 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 Total Return. 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.67MKVCX Mfs International LargePairCorr
  0.66MKVBX Mfs International LargePairCorr
  0.66MKVGX Mfs International LargePairCorr
  0.66MKVFX Mfs International LargePairCorr
  0.66MKVEX Mfs International LargePairCorr
  0.67MKVDX Mfs International LargePairCorr
  0.66MKVIX Mfs International LargePairCorr
  0.66MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.58UIVIX Mfs Intrinsic ValuePairCorr
  0.57UIVCX Mfs Intrinsic ValuePairCorr
  0.51LFTKX Mfs Lifetime 2065PairCorr
  0.49LFTHX Mfs Lifetime 2065PairCorr
  0.49LFTMX Mfs Lifetime 2065PairCorr
  0.49LFTNX Mfs Lifetime 2065PairCorr
  0.48LFTFX Mfs Lifetime 2065PairCorr
  0.48LFTLX Mfs Lifetime 2065PairCorr
  0.46LFTJX Mfs Lifetime 2065PairCorr
  0.46LFTGX Mfs Lifetime 2065PairCorr
  0.63OTCHX Mfs Mid CapPairCorr
  0.63OTCIX Mfs Mid CapPairCorr
  0.63OTCJX Mfs Mid CapPairCorr
  0.63OTCKX Mfs Mid CapPairCorr
  0.63OTCGX Mfs Mid CapPairCorr
  0.58UIVPX Mfs Intrinsic ValuePairCorr
  0.58UIVQX Mfs Intrinsic ValuePairCorr
  0.58UIVVX Mfs Intrinsic ValuePairCorr
  0.58UIVRX Mfs Intrinsic ValuePairCorr
  0.57UIVNX Mfs Intrinsic ValuePairCorr
  0.57UIVMX Mfs Intrinsic ValuePairCorr
  0.63OTCAX Mfs Mid CapPairCorr
  0.63OTCBX Mfs Mid CapPairCorr
  0.63OTCCX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
EPEIX
+ 0.87
PACEX
APDOX
+ 0.65
PACEX
IHIAX
+ 0.52
MFTFX
IHIAX
+ 0.46
PACEX
EPEIX
+ 0.45
IHIAX
EPEIX
+ 0.44
APDOX
  
High negative correlations   
APDOX
- 0.51
MFTFX
MFTFX
- 0.38
PACEX
EPEIX
- 0.31
MFTFX

Risk-Adjusted Indicators

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY