MFS Multimarket Correlations

MMT Stock  USD 4.64  0.03  0.65%   
The current 90-days correlation between MFS Multimarket Income and MFS Intermediate Income is 0.22 (i.e., Modest diversification). The correlation of MFS Multimarket 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 Multimarket Correlation With Market

Good diversification

The correlation between MFS Multimarket Income 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 Multimarket Income 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 Multimarket Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with MFS Stock

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  0.72AXP American ExpressPairCorr
  0.65PNNT PennantPark InvestmentPairCorr
  0.71SEIC SEI InvestmentsPairCorr
  0.76SOFI SoFi Technologies Earnings Call TomorrowPairCorr
  0.81CNNE Cannae HoldingsPairCorr
  0.75C Citigroup Aggressive PushPairCorr
  0.75L Loews Corp Earnings Call TomorrowPairCorr
  0.73DHIL Diamond Hill InvestmentPairCorr
  0.74AX Axos Financial Earnings Call TomorrowPairCorr
  0.67BN Brookfield CorpPairCorr
  0.63BX Blackstone Group Sell-off TrendPairCorr
  0.73CG Carlyle Group Normal TradingPairCorr
  0.72CM Canadian Imperial BankPairCorr
  0.64DB Deutsche Bank AG Normal TradingPairCorr
  0.81GS Goldman Sachs GroupPairCorr
  0.81IX Orix Corp AdsPairCorr
  0.74KB KB Financial GroupPairCorr
  0.78LC LendingClub Corp Earnings Call This WeekPairCorr
  0.71MC MoelisPairCorr
  0.75MS Morgan StanleyPairCorr

Moving against MFS Stock

  0.75AIHS Senmiao TechnologyPairCorr
  0.43CB ChubbPairCorr
  0.43EG Everest Group Earnings Call This WeekPairCorr
  0.42FG FG Annuities LifePairCorr
  0.61LX Lexinfintech Holdings Normal TradingPairCorr
  0.45LU Lufax HoldingPairCorr
  0.39TW Tradeweb MarketsPairCorr

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   
MQYCXE
MFMCXE
PPTMCR
MCRMIN
MFMMQY
MGFMIN
  
High negative correlations   
CMUMCR
MGFCMU
CMUMIN
PPTCMU
MQYMCR

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Multimarket Company 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 Multimarket'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.

MFS Multimarket Corporate Management

James KilmanIndependent TrusteeProfile
Amanda MooradianAssistant Secretary, Assistant ClerkProfile
CFA CFAPortfolio ManagerProfile
Susan PereiraAssistant Secretary and Assistant ClerkProfile
Laurie ThomsenIndependent TrusteeProfile