Mfs Emerging Correlations

MEMCX Fund  USD 34.71  0.19  0.55%   
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

Very weak diversification

The correlation between Mfs Emerging Markets and DJI is 0.52 (i.e., Very weak 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.93HYPPX Mfs High YieldPairCorr
  0.97UIVIX Mfs Intrinsic ValuePairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.97UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.97UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.94MKVCX Mfs International LargePairCorr
  0.94MKVBX Mfs International LargePairCorr
  0.97OTCGX Mfs Mid CapPairCorr
  0.95MKVGX Mfs International LargePairCorr
  0.95MKVFX Mfs International LargePairCorr
  0.95MKVEX Mfs International LargePairCorr
  0.94MKVDX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.95MKVHX Mfs Series TrustPairCorr
  1.0BRKBX Mfs Blended ResearchPairCorr
  1.0BRKCX Mfs Blended ResearchPairCorr
  1.0BRKAX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.97OTCBX Mfs Mid CapPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FPPQXFPPJX
FPPRXFPPJX
FPPSXFPPJX
FPPRXFPPQX
FPPSXFPPQX
FPPSXFPPRX
  
High negative correlations   
LFTHXFPPVX
LFTGXFPPVX
LFTJXFPPVX
LFTFXFPPVX
LFTHXFPPUX
LFTGXFPPUX

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FPPQX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FPPRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FPPSX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FPPUX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FPPVX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LFTFX  0.46  0.11  0.08  0.30  0.32 
 1.42 
 3.42 
LFTJX  0.46  0.10  0.07  0.29  0.33 
 1.46 
 3.43 
LFTGX  0.46  0.10  0.07  0.29  0.30 
 1.46 
 3.45 
LFTHX  0.45  0.11  0.08  0.30  0.31 
 1.45 
 3.35