Mfs Blended Correlations

Mutual Funds . USA . 
Fund . Mfs Blended Research
MUEVX Fund  USD 37.57  0.18  0.48%   
The current 90-days correlation between Mfs Blended Research and Pnc Balanced Allocation is 0.63 (i.e., Poor diversification). The correlation of Mfs Blended 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 Blended Correlation With Market

Modest diversification

The correlation between Mfs Blended Research and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Blended Research 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 Blended Research. 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 real.

Moving together with Mfs Mutual Fund

  0.85LFTFX Mfs Lifetime 2065PairCorr
  0.8LFTJX Mfs Lifetime 2065PairCorr
  0.86LFTGX Mfs Lifetime 2065PairCorr
  0.79LFTHX Mfs Lifetime 2065PairCorr
  0.84LFTMX Mfs Lifetime 2065PairCorr
  0.79LFTNX Mfs Lifetime 2065PairCorr
  0.85LFTKX Mfs Lifetime 2065PairCorr
  0.85LFTLX Mfs Lifetime 2065PairCorr
  0.81UIVIX Mfs Intrinsic ValuePairCorr
  0.83UIVCX Mfs Intrinsic ValuePairCorr
  0.82UIVPX Mfs Intrinsic ValuePairCorr
  0.81UIVQX Mfs Intrinsic ValuePairCorr
  0.82UIVNX Mfs Intrinsic ValuePairCorr
  0.83UIVMX Mfs Intrinsic ValuePairCorr
  0.82UIVVX Mfs Intrinsic ValuePairCorr
  0.82UIVRX Mfs Intrinsic ValuePairCorr
  0.9OTCHX Mfs Mid CapPairCorr
  0.88OTCIX Mfs Mid CapPairCorr
  0.89OTCJX Mfs Mid CapPairCorr
  0.88OTCKX Mfs Mid CapPairCorr
  0.81MKVCX Mfs International LargePairCorr
  0.81MKVBX Mfs International LargePairCorr
  0.93OTCGX Mfs Mid CapPairCorr
  0.81MKVGX Mfs International LargePairCorr
  0.81MKVFX Mfs International LargePairCorr
  0.81MKVEX Mfs International LargePairCorr
  0.81MKVDX Mfs International LargePairCorr
  0.81MKVIX Mfs International LargePairCorr
  0.81MKVHX Mfs Series TrustPairCorr
  0.9OTCAX 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 Blended 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 Blended'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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