Mfs Global Correlations

Mutual Funds . USA . 
Fund . Mfs Global Real
MGLAX Fund  USD 16.43  0.04  0.24%   
The current 90-days correlation between Mfs Global Real and Mfs Global Real is 1.0 (i.e., No risk reduction). The correlation of Mfs Global 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 Global Correlation With Market

Poor diversification

The correlation between Mfs Global Real and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real 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 Global Real. 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 nation.

Moving together with Mfs Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.92LFTGX Mfs Lifetime 2065PairCorr
  0.91UIVCX Mfs Intrinsic ValuePairCorr
  0.91UIVPX Mfs Intrinsic ValuePairCorr
  0.91UIVQX Mfs Intrinsic ValuePairCorr
  0.91UIVNX Mfs Intrinsic ValuePairCorr
  0.91UIVVX Mfs Intrinsic ValuePairCorr
  0.92OTCIX Mfs Mid CapPairCorr
  0.92OTCKX Mfs Mid CapPairCorr
  0.92MKVBX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.87BRKBX Mfs Blended ResearchPairCorr
  0.87BRKCX Mfs Blended ResearchPairCorr
  0.92OTCAX Mfs Mid CapPairCorr
  0.84EMLBX Mfs Emerging MarketsPairCorr
  0.85EMLAX Mfs Emerging MarketsPairCorr
  0.87BRKUX Mfs Blended ResearchPairCorr
  0.87BRKVX Mfs Blended ResearchPairCorr
  0.87BRKRX Mfs Blended ResearchPairCorr
  0.87BRKTX Mfs Blended ResearchPairCorr
  0.87BRKIX Mfs Blended ResearchPairCorr
  0.85EMLNX Mfs Emerging MarketsPairCorr
  0.93DIFIX Mfs Diversified IncomePairCorr
  0.85EMLMX Mfs Emerging MarketsPairCorr
  0.93DIFHX Mfs Diversified IncomePairCorr
  0.85EMLKX Mfs Emerging MarketsPairCorr
  0.93DIFGX Mfs Diversified IncomePairCorr
  0.93DIFFX Mfs Diversified IncomePairCorr
  0.85EMLIX Mfs Emerging MarketsPairCorr
  0.93DIFEX Mfs Diversified IncomePairCorr
  0.93DIFDX Mfs Diversified IncomePairCorr
  0.93DIFCX Mfs Diversified IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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