Mfs Union Correlations

Mutual Funds . USA . 
Fund . Mfs Union Standard
MUSEX Fund  USD 37.38  0.14  0.37%   
The current 90-days correlation between Mfs Union Standard and Mfs Growth Fund is 0.07 (i.e., Significant diversification). The correlation of Mfs Union 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 Union Correlation With Market

Modest diversification

The correlation between Mfs Union Standard and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Union Standard 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 Union Standard. 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 income.

Moving together with Mfs Mutual Fund

  0.8LFTFX Mfs Lifetime 2065PairCorr
  0.81LFTJX Mfs Lifetime 2065PairCorr
  0.81LFTGX Mfs Lifetime 2065PairCorr
  0.79LFTHX Mfs Lifetime 2065PairCorr
  0.8LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.8LFTLX Mfs Lifetime 2065PairCorr
  0.82UIVIX Mfs Intrinsic ValuePairCorr
  0.83UIVCX Mfs Intrinsic ValuePairCorr
  0.82UIVPX Mfs Intrinsic ValuePairCorr
  0.82UIVQX Mfs Intrinsic ValuePairCorr
  0.83UIVNX Mfs Intrinsic ValuePairCorr
  0.83UIVMX Mfs Intrinsic ValuePairCorr
  0.82UIVVX Mfs Intrinsic ValuePairCorr
  0.82UIVRX Mfs Intrinsic ValuePairCorr
  0.87OTCHX Mfs Mid CapPairCorr
  0.86OTCIX Mfs Mid CapPairCorr
  0.86OTCJX Mfs Mid CapPairCorr
  0.86OTCKX Mfs Mid CapPairCorr
  0.84MKVCX Mfs International LargePairCorr
  0.84MKVBX Mfs International LargePairCorr
  0.93OTCGX Mfs Mid CapPairCorr
  0.84MKVFX Mfs International LargePairCorr
  0.84MKVEX Mfs International LargePairCorr
  0.84MKVDX Mfs International LargePairCorr
  0.83MKVIX Mfs International LargePairCorr
  0.84MKVHX Mfs Series TrustPairCorr
  0.87OTCAX Mfs Mid CapPairCorr
  0.87OTCBX 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 Union 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 Union'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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