Mfs Mid Correlations

MVCKX Fund  USD 32.88  0.23  0.69%   
The current 90-days correlation between Mfs Mid Cap and Mfs Value Fund is 0.91 (i.e., Almost no diversification). The correlation of Mfs Mid 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 Mid Correlation With Market

Very poor diversification

The correlation between Mfs Mid Cap and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Mid Cap 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 Mid Cap. 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

  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.97UIVIX Mfs Intrinsic ValuePairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVPX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.97UIVMX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.97UIVRX Mfs Intrinsic ValuePairCorr
  0.93OTCIX Mfs Mid CapPairCorr
  0.93OTCKX Mfs Mid CapPairCorr
  0.87MKVCX Mfs International LargePairCorr
  0.87MKVBX Mfs International LargePairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.87MKVFX Mfs International LargePairCorr
  0.87MKVEX Mfs International LargePairCorr
  0.87MKVDX Mfs International LargePairCorr
  0.87MKVIX Mfs International LargePairCorr
  0.87MKVHX Mfs Series TrustPairCorr
  0.93BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93OTCAX Mfs Mid CapPairCorr
  0.93OTCCX 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 Mid 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 Mid'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.