Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLKX Fund  USD 5.81  0.02  0.35%   
The current 90-days correlation between Mfs Emerging Markets and Voya Solution Conservative is 0.18 (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

Significant diversification

The correlation between Mfs Emerging Markets and DJI is 0.09 (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 industry.

Moving together with MFS Mutual Fund

  0.99PLMPX Pimco Emerging MarketsPairCorr
  0.99PLMIX Pimco Emerging MarketsPairCorr
  0.91PELPX Pimco Emerging LocalPairCorr
  1.0PELBX Pimco Emerging LocalPairCorr
  0.99PELAX Pimco Emerging LocalPairCorr
  0.99PELCX Pimco Emerging LocalPairCorr
  1.0PELNX Pimco Emerging LocalPairCorr
  0.91EEIAX Eaton Vance EmergingPairCorr
  1.0EEIIX Eaton Vance EmergingPairCorr
  0.99EEICX Eaton Vance EmergingPairCorr
  0.9CPAYX Columbia Pacific/asiaPairCorr
  0.96CASAX Columbia Pacific/asiaPairCorr
  0.95CCCZX Center St BrookfieldPairCorr
  0.95CASCX Columbia Pacific/asiaPairCorr
  0.88MGHRX Morgan Stanley InstiPairCorr
  0.88MSEQX Growth Portfolio ClassPairCorr
  0.88MSHLX Growth Portfolio ClassPairCorr
  0.83FTXNX Fuller Thaler BehavioralPairCorr
  0.92BAFQX Brown AdvisoryPairCorr
  0.95ISIAX Voya Strategic IncomePairCorr
  0.92MFLDX Marketfield Fund MarPairCorr
  0.94MSTSX Morningstar UnconstrainedPairCorr
  0.93DQIYX Dreyfus Equity IncomePairCorr
  0.91LEVIX Lazard Equity CentratedPairCorr
  0.89FISVX Fidelity Small CapPairCorr
  0.95DGINX Dgi BalancedPairCorr
  0.95PALCX Allianzgi Global AllPairCorr
  0.91KAGCX Kensington Dynamic GrowthPairCorr
  0.93JORRX Janus Global SelectPairCorr
  0.95RRTLX T Rowe PricePairCorr
  0.93RELVX Equity Growth StrategyPairCorr
  0.92FNILX Fidelity Zero LargePairCorr
  0.86JDSNX Perkins Small CapPairCorr
  0.9RYRUX Russell 2000 2x Steady GrowthPairCorr
  0.86FDEGX Fidelity Growth StraPairCorr
  0.98FFFCX Fidelity Freedom 2010PairCorr
  0.91CSRYX Columbia Select LargePairCorr
  0.96FFEGX Fidelity Freedom IndexPairCorr
  0.93PSHAX Short Term FundPairCorr
  0.94PPLSX Deutsche Multi AssetPairCorr

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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