Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIHX Fund  USD 51.39  0.45  0.88%   
The current 90-days correlation between Mfs Value Fund and T Rowe Price is -0.11 (i.e., Good diversification). The correlation of Mfs Value 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 Value Correlation With Market

Good diversification

The correlation between Mfs Value Fund and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Value Fund 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 Value Fund. 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 rate.

Moving together with Mfs Mutual Fund

  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98UIVCX Mfs Intrinsic ValuePairCorr
  0.96UIVQX Mfs Intrinsic ValuePairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.95OTCKX Mfs Mid CapPairCorr
  0.92MKVCX Mfs International LargePairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.89EMLBX Mfs Emerging MarketsPairCorr
  0.96DIFIX Mfs Diversified IncomePairCorr
  0.89EMLKX Mfs Emerging MarketsPairCorr
  0.96DIFDX Mfs Diversified IncomePairCorr
  0.98BRSYX Mfs Blended ResearchPairCorr
  0.96BRUNX Mfs Blended ResearchPairCorr
  0.96BRUJX Mfs Blended ResearchPairCorr
  0.96BRUEX Mfs Blended ResearchPairCorr
  0.97BRWVX Mfs Blended ResearchPairCorr
  0.97BRWUX Mfs Blended ResearchPairCorr
  0.97BRWBX Mfs Blended ResearchPairCorr
  0.95BRXVX Mfs Blended ResearchPairCorr
  0.96MLFEX Mfs Lifetime 2040PairCorr
  0.98MLFBX Mfs Lifetime 2040PairCorr
  0.96MLFIX Mfs Lifetime 2040PairCorr
  0.95BRXIX Mfs Blended ResearchPairCorr
  0.95BRXCX Mfs Blended ResearchPairCorr
  0.96BRXAX Mfs Blended ResearchPairCorr
  0.94MLLIX Mfs Lifetime IncomePairCorr
  0.97MLLHX Mfs Lifetime IncomePairCorr
  0.94MLLCX Mfs Lifetime RetirementPairCorr
  0.95MLTHX Mfs Lifetime 2030PairCorr
  0.98MLVTX Mfs Low VolatilityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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