Mfs Moderate Correlations

Mutual Funds . USA . 
Fund . Mfs Moderate Allocation
MMABX Fund  USD 20.24  0.02  0.1%   
The current 90-days correlation between Mfs Moderate Allocation and Goldman Sachs Clean is -0.12 (i.e., Good diversification). The correlation of Mfs Moderate 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 Moderate Correlation With Market

Good diversification

The correlation between Mfs Moderate Allocation and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Moderate Allocation 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 Moderate Allocation. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  1.0LFTFX Mfs Lifetime 2065PairCorr
  1.0LFTJX Mfs Lifetime 2065PairCorr
  0.74LFTGX Mfs Lifetime 2065PairCorr
  1.0LFTHX Mfs Lifetime 2065PairCorr
  0.74LFTMX Mfs Lifetime 2065PairCorr
  0.74LFTNX Mfs Lifetime 2065PairCorr
  1.0LFTKX Mfs Lifetime 2065PairCorr
  0.74LFTLX Mfs Lifetime 2065PairCorr
  0.79HYPPX 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
  0.75UIVRX Mfs Intrinsic ValuePairCorr
  0.74OTCHX Mfs Mid CapPairCorr
  0.99OTCIX Mfs Mid CapPairCorr
  0.99OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.67MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.74OTCGX Mfs Mid CapPairCorr
  0.68MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.67MKVDX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.97BRKBX Mfs Blended ResearchPairCorr
  0.97BRKCX Mfs Blended ResearchPairCorr
  0.97BRKAX Mfs Blended ResearchPairCorr
  0.74OTCAX 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 Moderate 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 Moderate'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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