Mfs Growth Correlations

Mutual Funds . USA . 
Fund . Mfs Growth Fund
MFEKX Fund  USD 219.39  2.05  0.93%   
The current 90-days correlation between Mfs Growth Fund and Intermediate Government Bond is -0.05 (i.e., Good 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 0.81 (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 industry.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.99LFTJX Mfs Lifetime 2065PairCorr
  0.99LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.99LFTMX Mfs Lifetime 2065PairCorr
  1.0LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTKX Mfs Lifetime 2065PairCorr
  1.0LFTLX Mfs Lifetime 2065PairCorr
  0.95HYPPX 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
  0.99OTCHX 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
  0.96MKVDX 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
  0.98OTCAX 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   
PYUSX
+ 0.99
DPIGX
RFBAX
+ 0.97
DPIGX
RFBAX
+ 0.95
PYUSX
ELMXX
+ 0.82
IVMXX
RYAQX
+ 0.52
IVMXX
RFBAX
+ 0.46
IVMXX
  
High negative correlations   
RYAQX
- 0.06
PYUSX
RYAQX
- 0.02
DPIGX

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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