Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCAX Fund  USD 29.47  0.10  0.34%   
The current 90-days correlation between Mfs Mid Cap and Columbia Global Technology is 0.64 (i.e., Poor 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

Average diversification

The correlation between Mfs Mid Cap and DJI is 0.12 (i.e., Average 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 Your Equity Center 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 nation.

Moving together with Mfs Mutual Fund

  0.86LFTFX Mfs Lifetime 2065PairCorr
  0.86LFTJX Mfs Lifetime 2065PairCorr
  0.86LFTGX Mfs Lifetime 2065PairCorr
  0.86LFTHX Mfs Lifetime 2065PairCorr
  0.86LFTMX Mfs Lifetime 2065PairCorr
  0.86LFTNX Mfs Lifetime 2065PairCorr
  0.86LFTKX Mfs Lifetime 2065PairCorr
  0.86LFTLX Mfs Lifetime 2065PairCorr
  0.87UIVIX Mfs Intrinsic ValuePairCorr
  0.87UIVCX Mfs Intrinsic ValuePairCorr
  0.88UIVPX Mfs Intrinsic ValuePairCorr
  0.88UIVQX Mfs Intrinsic ValuePairCorr
  0.87UIVNX Mfs Intrinsic ValuePairCorr
  0.88UIVMX Mfs Intrinsic ValuePairCorr
  0.87UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.95OTCHX Mfs Mid CapPairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.95OTCJX Mfs Mid CapPairCorr
  0.95OTCKX Mfs Mid CapPairCorr
  0.62MKVCX Mfs International LargePairCorr
  0.62MKVBX Mfs International LargePairCorr
  0.94OTCGX Mfs Mid CapPairCorr
  0.62MKVGX Mfs International LargePairCorr
  0.62MKVFX Mfs International LargePairCorr
  0.62MKVEX Mfs International LargePairCorr
  0.62MKVDX Mfs International LargePairCorr
  0.62MKVIX Mfs International LargePairCorr
  0.62MKVHX Mfs Series TrustPairCorr

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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