Mfs Limited Correlations

Mutual Funds . USA . 
Fund . Mfs Limited Maturity
MQLKX Fund  USD 5.87  0.01  0.17%   
The current 90-days correlation between Mfs Limited Maturity and Prudential Qma Large Cap is -0.03 (i.e., Good diversification). The correlation of Mfs Limited 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 Limited Correlation With Market

Good diversification

The correlation between Mfs Limited Maturity 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 Limited Maturity 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 Limited Maturity. 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 industry.

Moving together with Mfs Mutual Fund

  0.7VBIRX Vanguard Short TermPairCorr
  0.84VFSUX Vanguard Short TermPairCorr
  0.98VFSIX Vanguard Short TermPairCorr
  0.87VFSTX Vanguard Short TermPairCorr
  0.94VBITX Vanguard Short TermPairCorr
  0.83VBISX Vanguard Short TermPairCorr
  0.83LALDX Lord Abbett ShortPairCorr
  0.95VSCSX Vanguard Short TermPairCorr
  0.87LDLAX Lord Abbett ShortPairCorr
  0.97LDLRX Lord Abbett ShortPairCorr
  0.77PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.76PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.69FGPMX Franklin Gold And Steady GrowthPairCorr
  0.78CVLOX Calamos Global GrowthPairCorr
  0.83MAUKX Pioneer Multi AssetPairCorr
  0.62IBM International BusinessPairCorr
  0.63PFE Pfizer Inc Sell-off TrendPairCorr
  0.64JPM JPMorgan Chase Sell-off TrendPairCorr
  0.67CVX Chevron Corp Earnings Call This WeekPairCorr
  0.63CAT CaterpillarPairCorr

Moving against Mfs Mutual Fund

  0.69MCD McDonaldsPairCorr
  0.48TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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