Mfs Global Correlations

Mutual Funds . USA . 
Fund . Mfs Global Real
MGLIX Fund  USD 16.55  0.07  0.42%   
The current 90-days correlation between Mfs Global Real and Advent Claymore Convertible is 0.06 (i.e., Significant diversification). 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

Good diversification

The correlation between Mfs Global Real and DJI is -0.2 (i.e., Good 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.68LFTFX Mfs Lifetime 2065PairCorr
  0.68LFTGX Mfs Lifetime 2065PairCorr
  0.68UIVCX Mfs Intrinsic ValuePairCorr
  0.68UIVQX Mfs Intrinsic ValuePairCorr
  0.68UIVVX Mfs Intrinsic ValuePairCorr
  0.87OTCKX Mfs Mid CapPairCorr
  0.71MKVBX Mfs International LargePairCorr
  0.63BRKBX Mfs Blended ResearchPairCorr
  0.62BRKCX Mfs Blended ResearchPairCorr
  0.7OTCAX Mfs Mid CapPairCorr
  0.65EMLBX Mfs Emerging MarketsPairCorr
  0.67EMLAX Mfs Emerging MarketsPairCorr
  0.63BRKVX Mfs Blended ResearchPairCorr
  0.79BRKIX Mfs Blended ResearchPairCorr
  0.8EMLNX Mfs Emerging MarketsPairCorr
  0.84DIFIX Mfs Diversified IncomePairCorr
  0.8EMLKX Mfs Emerging MarketsPairCorr
  0.79DIFGX Mfs Diversified IncomePairCorr
  0.88DIFDX Mfs Diversified IncomePairCorr
  0.7DIFCX 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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