Mfs Conservative Correlations

Mutual Funds . USA . 
Fund . Mfs Servative Allocation
MACJX Fund  USD 17.16  0.03  0.18%   
The current 90-days correlation between Mfs Servative Allocation and Advent Claymore Convertible is -0.01 (i.e., Good diversification). The correlation of Mfs Conservative 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 Conservative Correlation With Market

Very poor diversification

The correlation between Mfs Servative Allocation and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Servative Allocation and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Servative Allocation. 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 inflation.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.99LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.98LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.97LFTKX Mfs Lifetime 2065PairCorr
  0.97LFTLX Mfs Lifetime 2065PairCorr
  0.99HYPPX Mfs High YieldPairCorr
  0.95UIVIX Mfs Intrinsic ValuePairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVNX Mfs Intrinsic ValuePairCorr
  0.95UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.95MKVCX Mfs International LargePairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.96OTCGX Mfs Mid CapPairCorr
  0.95MKVGX Mfs International LargePairCorr
  0.95MKVFX Mfs International LargePairCorr
  0.95MKVEX Mfs International LargePairCorr
  0.95MKVDX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.95MKVHX Mfs Series TrustPairCorr
  0.98BRKBX Mfs Blended ResearchPairCorr
  0.98BRKCX Mfs Blended ResearchPairCorr
  0.98BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX 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 Conservative 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 Conservative'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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