Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
MCVIX Fund  USD 32.46  0.03  0.09%   
The current 90-days correlation between Mfs Mid Cap and Mfs Growth Fund is 0.7 (i.e., Poor diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Mfs Mid Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.98LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.98LFTHX Mfs Lifetime 2065PairCorr
  0.98LFTMX Mfs Lifetime 2065PairCorr
  0.98LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.99UIVIX Mfs Intrinsic ValuePairCorr
  0.99UIVCX Mfs Intrinsic ValuePairCorr
  0.99UIVPX Mfs Intrinsic ValuePairCorr
  0.99UIVQX Mfs Intrinsic ValuePairCorr
  0.99UIVNX Mfs Intrinsic ValuePairCorr
  0.99UIVMX Mfs Intrinsic ValuePairCorr
  0.99UIVVX Mfs Intrinsic ValuePairCorr
  0.99UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.97OTCGX Mfs Mid CapPairCorr
  0.93MKVGX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.93MKVHX Mfs Series TrustPairCorr
  0.96BRKBX Mfs Blended ResearchPairCorr
  0.96BRKCX Mfs Blended ResearchPairCorr
  0.96BRKAX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.97OTCBX 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 Mid 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 Mid'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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