Mfs Modity Correlations

Mutual Funds USA . 
Fund . Mfs Modity Strategy
MCSAX Fund  USD 3.85  0.01  0.26%   
The current 90-days correlation between Mfs Modity Strategy and Pnc Emerging Markets is -0.02 (i.e., Good diversification). The correlation of Mfs Modity 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 Modity Correlation With Market

Very good diversification

The correlation between Mfs Modity Strategy and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Modity Strategy 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 Modity Strategy. 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

  0.89PCRIX CommodityrealreturnPairCorr
  0.97PCRRX CommodityrealreturnPairCorr
  0.89PCRPX Pimco ModityrealreturnPairCorr
  0.9PCSRX CommodityrealreturnPairCorr
  0.97PCRCX CommodityrealreturnPairCorr
  0.89PCRNX Pimco CommodityrealretPairCorr
  0.79PCLAX Pimco ModitiesplusPairCorr
  0.96PCPCX Pimco CommoditiesplusPairCorr
  0.98PCLNX Pimco CommoditiesplusPairCorr
  0.67UPUPX Upright GrowthPairCorr
  0.69CHDVX Cullen High DividendPairCorr
  0.62JCICX Jpmorgan Intrepid GrowthPairCorr
  0.72SEBLX Sentinel BalancedPairCorr
  0.82DLCMX Doubleline StrategicPairCorr
  0.71PWRIX Power IncomePairCorr
  0.64PMORX Putnam Mortgage OppoPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Modity 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 Modity'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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