Mfs Emerging Correlations

MEDBX Fund

USD 12.72 0.01 0.08%

The current 90-days correlation between Mfs Emerging Markets and Vanguard Small Cap Value is -0.11 (i.e., Good 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.

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

0.7	HYPPX	Mfs High Yield	Pair Corr
0.72	MKVBX	Mfs International Large	Pair Corr
0.73	MKVGX	Mfs International Large	Pair Corr
0.7	MKVFX	Mfs International Large	Pair Corr
0.69	MKVEX	Mfs International Large	Pair Corr
0.68	MKVDX	Mfs International Large	Pair Corr
0.73	MKVIX	Mfs International Large	Pair Corr
0.7	MKVHX	Mfs Series Trust	Pair Corr
0.74	BRKBX	Mfs Blended Research	Pair Corr
0.71	BRKCX	Mfs Blended Research	Pair Corr
0.75	BRKAX	Mfs Blended Research	Pair Corr
0.8	EMLBX	Mfs Emerging Markets	Pair Corr
0.82	EMLAX	Mfs Emerging Markets	Pair Corr
0.73	BRKUX	Mfs Blended Research	Pair Corr
0.7	BRKVX	Mfs Blended Research	Pair Corr
0.72	BRKRX	Mfs Blended Research	Pair Corr
0.69	BRKSX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.72	OTCHX	Mfs Mid Cap	Pair Corr
0.77	OTCBX	Mfs Mid Cap	Pair Corr
0.73	OTCIX	Mfs Mid Cap	Pair Corr
0.73	OTCJX	Mfs Mid Cap	Pair Corr
0.73	OTCKX	Mfs Mid Cap	Pair Corr
0.73	OTCAX	Mfs Mid Cap	Pair Corr
0.67	OTCGX	Mfs Mid Cap	Pair Corr
0.66	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	VISVX	SGPIX	GSXPX	SVPIX	LRSOX	QRSVX	WBVNX
VISVX		0.93	0.89	0.94	0.72	0.92	0.77	VISVX
SGPIX	0.93		0.86	0.88	0.73	0.95	0.64	SGPIX
GSXPX	0.89	0.86		0.95	0.54	0.77	0.69	GSXPX
SVPIX	0.94	0.88	0.95		0.57	0.82	0.72	SVPIX
LRSOX	0.72	0.73	0.54	0.57		0.79	0.84	LRSOX
QRSVX	0.92	0.95	0.77	0.82	0.79		0.7	QRSVX
WBVNX	0.77	0.64	0.69	0.72	0.84	0.7		WBVNX
	VISVX	SGPIX	GSXPX	SVPIX	LRSOX	QRSVX	WBVNX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VISVX	0.74	(0.03)	(0.02)	0.04	0.91	(0.78)	1.74	(1.38)	4.64
SGPIX	0.83	(0.03)	(0.01)	0.04	1.00	(0.84)	2.09	(1.52)	5.21
GSXPX	0.92	0.03	0.04	0.09	1.02	(1.02)	2.19	(1.65)	5.46
SVPIX	0.94	0.00	0.02	0.07	1.05	(1.01)	2.29	(2.09)	5.64
LRSOX	0.82	(0.03)	0.00	(0.11)	0.00	0.00	1.97	(1.66)	5.25
QRSVX	0.73	(0.05)	(0.05)	0.02	0.87	(0.84)	1.81	(1.11)	4.85
WBVNX	0.73	0.01	(0.04)	0.12	0.99	(0.76)	1.78	(1.63)	4.75

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Mfs Emerging Correlations

Moving together with Mfs Mutual Fund

Moving against Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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