MFS Multimarket Correlations

MMT Stock  USD 4.63  0.01  0.22%   
The current 90-days correlation between MFS Multimarket Income and MFS Intermediate Income is 0.29 (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 -0.01 (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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Moving against MFS Stock

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Related Correlations Analysis

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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