Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLAX Fund  USD 5.75  0.01  0.17%   
The current 90-days correlation between Mfs Emerging Markets and Elfun Diversified Fund is -0.02 (i.e., Good diversification). The correlation of Mfs Emerging 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 Emerging Correlation With Market

Good diversification

The correlation between Mfs Emerging Markets and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Emerging Markets. 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

  0.93LFTFX Mfs Lifetime 2065PairCorr
  0.93LFTJX Mfs Lifetime 2065PairCorr
  0.93LFTGX Mfs Lifetime 2065PairCorr
  0.93LFTHX Mfs Lifetime 2065PairCorr
  0.93LFTMX Mfs Lifetime 2065PairCorr
  0.93LFTNX Mfs Lifetime 2065PairCorr
  0.93LFTKX Mfs Lifetime 2065PairCorr
  0.93LFTLX Mfs Lifetime 2065PairCorr
  0.95HYPPX Mfs High YieldPairCorr
  0.9UIVIX Mfs Intrinsic ValuePairCorr
  0.9UIVCX Mfs Intrinsic ValuePairCorr
  0.9UIVPX Mfs Intrinsic ValuePairCorr
  0.9UIVQX Mfs Intrinsic ValuePairCorr
  0.9UIVNX Mfs Intrinsic ValuePairCorr
  0.9UIVMX Mfs Intrinsic ValuePairCorr
  0.9UIVVX Mfs Intrinsic ValuePairCorr
  0.9UIVRX Mfs Intrinsic ValuePairCorr
  0.9OTCHX Mfs Mid CapPairCorr
  0.91OTCIX Mfs Mid CapPairCorr
  0.91OTCJX Mfs Mid CapPairCorr
  0.91OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.9OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.95BRKAX Mfs Blended ResearchPairCorr
  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 Emerging 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 Emerging'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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