Mfs Limited Correlations

MQLKX Fund  USD 5.88  0.01  0.17%   
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

Significant diversification

The correlation between Mfs Limited Maturity and DJI is 0.09 (i.e., Significant 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

  0.76LFTFX Mfs Lifetime 2065PairCorr
  0.76LFTJX Mfs Lifetime 2065PairCorr
  0.76LFTGX Mfs Lifetime 2065PairCorr
  0.77LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTNX Mfs Lifetime 2065PairCorr
  0.94HYPPX Mfs High YieldPairCorr
  0.72UIVIX Mfs Intrinsic ValuePairCorr
  0.71UIVCX Mfs Intrinsic ValuePairCorr
  0.72UIVPX Mfs Intrinsic ValuePairCorr
  0.72UIVQX Mfs Intrinsic ValuePairCorr
  0.72UIVNX Mfs Intrinsic ValuePairCorr
  0.71UIVMX Mfs Intrinsic ValuePairCorr
  0.72UIVVX Mfs Intrinsic ValuePairCorr
  0.72UIVRX Mfs Intrinsic ValuePairCorr
  0.75OTCHX Mfs Mid CapPairCorr
  0.75OTCIX Mfs Mid CapPairCorr
  0.75OTCJX Mfs Mid CapPairCorr
  0.75OTCKX Mfs Mid CapPairCorr
  0.72MKVCX Mfs International LargePairCorr
  0.71MKVBX Mfs International LargePairCorr
  0.74OTCGX Mfs Mid CapPairCorr
  0.82MKVGX Mfs International LargePairCorr
  0.72MKVFX Mfs International LargePairCorr
  0.72MKVEX Mfs International LargePairCorr
  0.72MKVDX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.72MKVHX Mfs Series TrustPairCorr
  0.77BRKBX Mfs Blended ResearchPairCorr
  0.77BRKCX Mfs Blended ResearchPairCorr
  0.77BRKAX Mfs Blended ResearchPairCorr
  0.75OTCAX Mfs Mid CapPairCorr

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   
FZDXXVMRXX
PFCXXVMRXX
PFCXXFZDXX
STSEXQCMMIX
STPXXVMRXX
FZDXXSTPXX
  
High negative correlations   
JRSXXPFCXX
JRSXXFZDXX
JRSXXSTPXX
JRSXXVMRXX
JRSXXSTSEX
JRSXXQCMMIX

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.