Mfs Emerging Correlations

EMLAX Fund

USD 6.03 0.01 0.17%

The current 90-days correlation between Mfs Emerging Markets and Artisan High Income is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Mfs Emerging Markets and DJI is 0.06 (i.e., Significant 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

0.9	HYPPX	Mfs High Yield	Pair Corr
0.73	UIVIX	Mfs Intrinsic Value	Pair Corr
0.67	OTCHX	Mfs Mid Cap	Pair Corr
0.66	OTCIX	Mfs Mid Cap	Pair Corr
0.67	OTCJX	Mfs Mid Cap	Pair Corr
0.66	OTCKX	Mfs Mid Cap	Pair Corr
0.7	OTCGX	Mfs Mid Cap	Pair Corr
0.67	OTCAX	Mfs Mid Cap	Pair Corr
0.69	OTCBX	Mfs Mid Cap	Pair Corr
0.71	OTCCX	Mfs Mid Cap	Pair Corr
1.0	EMLBX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.35	UIVQX	Mfs Intrinsic Value	Pair Corr
0.35	UIVRX	Mfs Intrinsic Value	Pair Corr
0.33	UIVCX	Mfs Intrinsic Value	Pair Corr
0.33	UIVPX	Mfs Intrinsic Value	Pair Corr
0.33	UIVMX	Mfs Intrinsic Value	Pair Corr
0.32	UIVVX	Mfs Intrinsic Value	Pair Corr
0.31	UIVNX	Mfs Intrinsic Value	Pair Corr

Related Correlations Analysis

	ARTFX	0P000070L2	PRFHX	STSEX	SMAAX	ANAGX	PRINX
ARTFX		0.81	0.39	0.7	0.73	-0.03	0.4	ARTFX
0P000070L2	0.81		0.46	0.48	0.78	-0.28	0.42	0P000070L2
PRFHX	0.39	0.46		0.23	0.79	0.45	0.98	PRFHX
STSEX	0.7	0.48	0.23		0.53	0.1	0.23	STSEX
SMAAX	0.73	0.78	0.79	0.53		0.22	0.77	SMAAX
ANAGX	-0.03	-0.28	0.45	0.1	0.22		0.5	ANAGX
PRINX	0.4	0.42	0.98	0.23	0.77	0.5		PRINX
	ARTFX	0P000070L2	PRFHX	STSEX	SMAAX	ANAGX	PRINX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PRINX	+ 0.98	PRFHX
0P000070L2	+ 0.81	ARTFX
SMAAX	+ 0.79	PRFHX
SMAAX	+ 0.78	0P000070L2
PRINX	+ 0.77	SMAAX
SMAAX	+ 0.73	ARTFX

High negative correlations

ANAGX	- 0.28	0P000070L2
ANAGX	- 0.03	ARTFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARTFX	0.09	(0.01)	(0.51)	0.02	0.00	(0.17)	0.22	(0.22)	0.66
0P000070L2	0.03	0.00	0.00	0.69	0.00	0.00	0.00	0.00	0.40
PRFHX	0.09	0.02	(0.39)	6.99	0.00	(0.14)	0.27	(0.09)	0.81
STSEX	0.49	(0.05)	(0.13)	0.01	0.58	(0.54)	0.95	(0.98)	2.35
SMAAX	0.07	0.02	(0.66)	2.27	0.00	(0.13)	0.19	(0.10)	0.29
ANAGX	0.10	0.00	(0.41)	(0.11)	0.07	(0.16)	0.14	(0.29)	0.57
PRINX	0.07	0.01	(0.45)	(1.39)	0.00	(0.14)	0.18	(0.09)	0.71

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