Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
MVCKX Fund  USD 30.77  0.44  1.41%   
The current 90-days correlation between Mfs Mid Cap and Mfs Mid Cap is -0.13 (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

MfsDowDiversified AwayMfsDowDiversified Away100%

Very poor diversification

The correlation between Mfs Mid Cap and DJI is 0.82 (i.e., Very poor 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 industry.

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
  0.79LFTMX Mfs Lifetime 2065PairCorr
  0.78LFTNX Mfs Lifetime 2065PairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.79LFTLX Mfs Lifetime 2065PairCorr
  0.97UIVIX Mfs Intrinsic ValuePairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.93UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.93UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.93UIVRX Mfs Intrinsic ValuePairCorr
  0.82OTCHX Mfs Mid CapPairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.9OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.9OTCGX Mfs Mid CapPairCorr
  0.94OTCAX Mfs Mid CapPairCorr
  0.9OTCBX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.39FPPUX Mfs Prudent InvestorPairCorr
  0.39FPPVX Mfs Prudent InvestorPairCorr
  0.56MKVGX Mfs International LargePairCorr
  0.5MKVCX Mfs International LargePairCorr
  0.5MKVFX Mfs International LargePairCorr
  0.5MKVDX Mfs International LargePairCorr
  0.33MKVBX Mfs International LargePairCorr
  0.33MKVEX Mfs International LargePairCorr
  0.54EMLNX Mfs Emerging MarketsPairCorr
  0.52EMLBX Mfs Emerging MarketsPairCorr
  0.52EMLAX Mfs Emerging MarketsPairCorr
  0.5MKVHX Mfs Series TrustPairCorr
  0.33MKVIX Mfs International LargePairCorr
  0.33BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis

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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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