Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDBX Fund  USD 12.60  0.02  0.16%   
The current 90-days correlation between Mfs Emerging Markets and Old Westbury Municipal is 0.12 (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

Modest diversification

The correlation between Mfs Emerging Markets and DJI is 0.21 (i.e., Modest 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 Correlation Analysis 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.91LFTJX Mfs Lifetime 2065PairCorr
  0.91LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTMX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.91LFTKX Mfs Lifetime 2065PairCorr
  0.91LFTLX Mfs Lifetime 2065PairCorr
  0.97HYPPX Mfs High YieldPairCorr
  0.84UIVIX Mfs Intrinsic ValuePairCorr
  0.83UIVCX Mfs Intrinsic ValuePairCorr
  0.8UIVPX Mfs Intrinsic ValuePairCorr
  0.84UIVQX Mfs Intrinsic ValuePairCorr
  0.84UIVNX Mfs Intrinsic ValuePairCorr
  0.79UIVMX Mfs Intrinsic ValuePairCorr
  0.84UIVVX Mfs Intrinsic ValuePairCorr
  0.85UIVRX Mfs Intrinsic ValuePairCorr
  0.74OTCHX Mfs Mid CapPairCorr
  0.7OTCIX Mfs Mid CapPairCorr
  0.74OTCJX Mfs Mid CapPairCorr
  0.7OTCKX Mfs Mid CapPairCorr
  0.89MKVCX Mfs International LargePairCorr
  0.9MKVBX Mfs International LargePairCorr
  0.71OTCGX Mfs Mid CapPairCorr
  0.9MKVGX Mfs International LargePairCorr
  0.9MKVFX Mfs International LargePairCorr
  0.9MKVEX Mfs International LargePairCorr
  0.89MKVDX Mfs International LargePairCorr
  0.9MKVIX Mfs International LargePairCorr
  0.84MKVHX Mfs Series TrustPairCorr
  0.78BRKBX Mfs Blended ResearchPairCorr
  0.83BRKCX Mfs Blended ResearchPairCorr
  0.78BRKAX Mfs Blended ResearchPairCorr
  0.68OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis


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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