Mfs Emerging Correlations

EMLKX Fund

USD 6.00 0.04 0.67%

The current 90-days correlation between Mfs Emerging Markets and Virtus Seix Government is 0.05 (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

Weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.34 (i.e., Weak 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 board of governors.

Moving together with Mfs Mutual Fund

0.74	HYPPX	Mfs High Yield	Pair Corr
0.79	MKVCX	Mfs International Large	Pair Corr
0.78	MKVBX	Mfs International Large	Pair Corr
0.78	MKVGX	Mfs International Large	Pair Corr
0.78	MKVFX	Mfs International Large	Pair Corr
0.79	MKVEX	Mfs International Large	Pair Corr
0.77	MKVDX	Mfs International Large	Pair Corr
0.78	MKVIX	Mfs International Large	Pair Corr
0.8	MKVHX	Mfs Series Trust	Pair Corr
0.93	EMLBX	Mfs Emerging Markets	Pair Corr
0.93	EMLAX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.64	OTCAX	Mfs Mid Cap	Pair Corr
0.57	OTCHX	Mfs Mid Cap	Pair Corr
0.57	OTCIX	Mfs Mid Cap	Pair Corr
0.57	OTCJX	Mfs Mid Cap	Pair Corr
0.57	OTCKX	Mfs Mid Cap	Pair Corr
0.54	OTCGX	Mfs Mid Cap	Pair Corr
0.56	OTCBX	Mfs Mid Cap	Pair Corr
0.54	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	SSAGX	RGVEX	CGTFX	SIGVX	USGFX	CGTCX
SSAGX		0.68	0.68	0.96	0.73	0.56	SSAGX
RGVEX	0.68		0.99	0.69	0.99	0.85	RGVEX
CGTFX	0.68	0.99		0.69	0.99	0.85	CGTFX
SIGVX	0.96	0.69	0.69		0.74	0.58	SIGVX
USGFX	0.73	0.99	0.99	0.74		0.84	USGFX
CGTCX	0.56	0.85	0.85	0.58	0.84		CGTCX
	SSAGX	RGVEX	CGTFX	SIGVX	USGFX	CGTCX

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
SSAGX	0.05	0.01	(0.55)	(1.38)	0.00	(0.19)	0.10	(0.10)	0.51
RGVEX	0.15	(0.01)	(0.39)	(0.37)	0.16	(0.17)	0.33	(0.25)	0.91
CGTFX	0.14	(0.01)	(0.36)	(0.86)	0.15	(0.18)	0.33	(0.25)	0.91
SIGVX	0.06	0.00	(0.60)	0.57	0.00	(0.14)	0.10	(0.10)	0.51
USGFX	0.15	(0.01)	(0.36)	(0.30)	0.16	(0.18)	0.33	(0.25)	0.91
CGTCX	0.15	(0.01)	(0.37)	(0.09)	0.16	(0.16)	0.25	(0.25)	0.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC