Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
MVCJX Fund  USD 31.62  0.18  0.57%   
The current 90-days correlation between Mfs Mid Cap and Dunham Focused Large is -0.08 (i.e., Good diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Almost no diversification

The correlation between Mfs Mid Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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 employment.

Moving together with Mfs Mutual Fund

  0.86LFTFX Mfs Lifetime 2065PairCorr
  0.88LFTJX Mfs Lifetime 2065PairCorr
  0.88LFTGX Mfs Lifetime 2065PairCorr
  0.88LFTMX Mfs Lifetime 2065PairCorr
  0.88LFTNX Mfs Lifetime 2065PairCorr
  0.88LFTKX Mfs Lifetime 2065PairCorr
  0.88LFTLX Mfs Lifetime 2065PairCorr
  0.9HYPPX Mfs High YieldPairCorr
  0.93UIVCX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.93UIVMX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.98OTCIX Mfs Mid CapPairCorr
  0.98OTCJX Mfs Mid CapPairCorr
  0.98OTCKX Mfs Mid CapPairCorr
  0.91MKVBX Mfs International LargePairCorr
  0.92MKVGX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.64BRKBX Mfs Blended ResearchPairCorr
  0.67BRKCX Mfs Blended ResearchPairCorr
  0.64BRKAX Mfs Blended ResearchPairCorr
  0.96OTCAX Mfs Mid CapPairCorr
  0.82EMLBX Mfs Emerging MarketsPairCorr
  0.82EMLAX Mfs Emerging MarketsPairCorr
  0.68BRKUX Mfs Blended ResearchPairCorr
  0.68BRKVX Mfs Blended ResearchPairCorr
  0.67BRKRX Mfs Blended ResearchPairCorr
  0.67BRKTX Mfs Blended ResearchPairCorr
  0.87DIFIX Mfs Diversified IncomePairCorr
  0.83EMLKX Mfs Emerging MarketsPairCorr
  0.85DIFGX Mfs Diversified IncomePairCorr
  0.86DIFAX Mfs Diversified IncomePairCorr
  0.83EMLCX Mfs Emerging MarketsPairCorr
  0.99BRSTX Mfs Blended ResearchPairCorr
  0.99BRSUX Mfs Blended ResearchPairCorr
  0.99BRSSX Mfs Blended ResearchPairCorr
  0.99BRSPX Mfs Blended ResearchPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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