Mfs Mid Correlations

Mutual Funds . USA . 
Fund . Mfs Mid Cap
OTCGX Fund  USD 22.92  0.03  0.13%   
The current 90-days correlation between Mfs Mid Cap and Allianzgi Health Sciences is -0.15 (i.e., Good 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

Poor diversification

The correlation between Mfs Mid Cap and DJI is 0.65 (i.e., 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 Your Equity Center 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 price.

Moving together with Mfs Mutual Fund

  0.97LFTFX Mfs Lifetime 2065PairCorr
  0.84LFTJX Mfs Lifetime 2065PairCorr
  0.8HYPPX Mfs High YieldPairCorr
  0.85UIVCX Mfs Intrinsic ValuePairCorr
  0.98UIVPX Mfs Intrinsic ValuePairCorr
  0.98UIVQX Mfs Intrinsic ValuePairCorr
  0.82UIVRX Mfs Intrinsic ValuePairCorr
  1.0OTCHX Mfs Mid CapPairCorr
  0.87OTCIX Mfs Mid CapPairCorr
  1.0OTCJX Mfs Mid CapPairCorr
  1.0OTCKX Mfs Mid CapPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.8MKVBX Mfs International LargePairCorr
  0.93MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.76MKVDX Mfs International LargePairCorr
  0.76MKVHX Mfs Series TrustPairCorr
  0.78BRKBX Mfs Blended ResearchPairCorr
  0.94BRKCX Mfs Blended ResearchPairCorr
  0.78BRKAX Mfs Blended ResearchPairCorr
  0.88OTCAX Mfs Mid CapPairCorr
  0.87OTCCX Mfs Mid CapPairCorr
  0.74EMLBX Mfs Emerging MarketsPairCorr
  0.88EMLAX Mfs Emerging MarketsPairCorr
  0.81BRKUX Mfs Blended ResearchPairCorr
  0.78BRKSX Mfs Blended ResearchPairCorr
  0.78BRKTX Mfs Blended ResearchPairCorr
  0.94BRKIX Mfs Blended ResearchPairCorr
  0.75EMLNX Mfs Emerging MarketsPairCorr
  0.76DIFIX Mfs Diversified IncomePairCorr
  0.91DIFHX Mfs Diversified IncomePairCorr
  0.88EMLKX Mfs Emerging MarketsPairCorr
  0.76DIFGX Mfs Diversified IncomePairCorr

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.

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