Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLCX Fund  USD 5.77  0.02  0.35%   
The current 90-days correlation between Mfs Emerging Markets and Needham Aggressive Growth is 0.19 (i.e., Average 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

Average diversification

The correlation between Mfs Emerging Markets and DJI is 0.17 (i.e., Average 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.92LFTJX Mfs Lifetime 2065PairCorr
  0.92LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.97HYPPX Mfs High YieldPairCorr
  0.87UIVIX Mfs Intrinsic ValuePairCorr
  0.87UIVCX Mfs Intrinsic ValuePairCorr
  0.87UIVPX Mfs Intrinsic ValuePairCorr
  0.87UIVQX Mfs Intrinsic ValuePairCorr
  0.87UIVNX Mfs Intrinsic ValuePairCorr
  0.87UIVMX Mfs Intrinsic ValuePairCorr
  0.87UIVVX Mfs Intrinsic ValuePairCorr
  0.87UIVRX Mfs Intrinsic ValuePairCorr
  0.88OTCHX Mfs Mid CapPairCorr
  0.89OTCIX Mfs Mid CapPairCorr
  0.89OTCJX Mfs Mid CapPairCorr
  0.89OTCKX Mfs Mid CapPairCorr
  0.91MKVCX Mfs International LargePairCorr
  0.91MKVBX Mfs International LargePairCorr
  0.88OTCGX Mfs Mid CapPairCorr
  0.91MKVGX Mfs International LargePairCorr
  0.91MKVFX Mfs International LargePairCorr
  0.91MKVEX Mfs International LargePairCorr
  0.91MKVDX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.91MKVHX Mfs Series TrustPairCorr
  0.94BRKBX Mfs Blended ResearchPairCorr
  0.94BRKCX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.88OTCAX Mfs Mid CapPairCorr
  0.88OTCCX Mfs Mid CapPairCorr
  1.0EMLBX Mfs Emerging MarketsPairCorr
  0.99EMLAX Mfs Emerging MarketsPairCorr

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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