Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Fund
MFEIX Fund  USD 219.03  0.12  0.05%   
The current 90-days correlation between Mfs Growth Fund and Mfs Value Fund is 0.67 (i.e., Poor diversification). The correlation of Mfs Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Mfs Growth Fund and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth 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 Growth 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 gross domestic product.

Moving together with Mfs Mutual Fund

  1.0LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  1.0LFTGX Mfs Lifetime 2065PairCorr
  1.0LFTHX Mfs Lifetime 2065PairCorr
  1.0LFTMX Mfs Lifetime 2065PairCorr
  1.0LFTNX Mfs Lifetime 2065PairCorr
  1.0LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.95HYPPX Mfs High YieldPairCorr
  0.99UIVIX Mfs Intrinsic ValuePairCorr
  0.99UIVCX Mfs Intrinsic ValuePairCorr
  0.99UIVPX Mfs Intrinsic ValuePairCorr
  0.99UIVQX Mfs Intrinsic ValuePairCorr
  0.99UIVNX Mfs Intrinsic ValuePairCorr
  0.99UIVMX Mfs Intrinsic ValuePairCorr
  0.99UIVVX Mfs Intrinsic ValuePairCorr
  0.99UIVRX Mfs Intrinsic ValuePairCorr
  0.99OTCHX Mfs Mid CapPairCorr
  0.99OTCIX Mfs Mid CapPairCorr
  0.99OTCJX Mfs Mid CapPairCorr
  0.99OTCKX Mfs Mid CapPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.99OTCGX Mfs Mid CapPairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.98BRKBX Mfs Blended ResearchPairCorr
  0.98BRKCX Mfs Blended ResearchPairCorr
  0.98BRKAX Mfs Blended ResearchPairCorr
  0.99OTCAX Mfs Mid CapPairCorr
  0.99OTCBX Mfs Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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