Mfs Value Correlations

Mutual Funds . USA . 
Fund . Mfs Value Fund
MEIKX Fund  USD 51.35  0.10  0.19%   
The current 90-days correlation between Mfs Value Fund and Mfs Growth Fund is 0.67 (i.e., Poor 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

Very poor diversification

The correlation between Mfs Value Fund and DJI is 0.89 (i.e., Very poor 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 industry.

Moving together with Mfs Mutual Fund

  0.99UIVCX Mfs Intrinsic ValuePairCorr
  0.99UIVQX Mfs Intrinsic ValuePairCorr
  0.96DIFIX Mfs Diversified IncomePairCorr
  0.98BRSTX Mfs Blended ResearchPairCorr
  0.98NDVCX Mfs New DiscoveryPairCorr
  0.99MRGAX Mfs E EquityPairCorr
  0.98MAAFX Mfs Aggressive GrowthPairCorr
  0.97MTCCX Mfs TechnologyPairCorr
  0.97MTCIX Mfs TechnologyPairCorr
  0.96MDIDX Mfs InternationalPairCorr
  0.96MDIZX Mfs InternationalPairCorr
  0.99MVCAX Mfs Mid CapPairCorr
  0.91MEDIX Mfs Emerging MarketsPairCorr
  1.0MEIIX Mfs Value FundPairCorr
  0.96MEMCX Mfs Emerging MarketsPairCorr
  0.98MFEIX Mfs Growth FundPairCorr
  0.98MFJTX Mfs Lifetime 2060PairCorr
  0.98MFJUX Mfs Lifetime 2060PairCorr
  0.79MFIWX Mfs Income FundPairCorr
  0.98MFJAX Mfs Lifetime 2060PairCorr
  0.98MFJBX Mfs Lifetime 2060PairCorr
  0.94MGIAX Mfs International ValuePairCorr
  0.89MGLAX Mfs Global RealPairCorr
  0.9MGLIX Mfs Global RealPairCorr
  0.95DVRKX Mfs Global AlternativePairCorr
  0.95MIDHX Mfs International NewPairCorr
  0.95MIDLX Mfs International NewPairCorr
  0.94MINJX Mfs International ValuePairCorr
  0.98VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY