Correlation Between Mfs Growth and Dimensional 2070

Can any of the company-specific risk be diversified away by investing in both Mfs Growth and Dimensional 2070 at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Mfs Growth and Dimensional 2070 into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Mfs Growth Fund and Dimensional 2070 Target, you can compare the effects of market volatilities on Mfs Growth and Dimensional 2070 and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Mfs Growth with a short position of Dimensional 2070. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mfs Growth and Dimensional 2070.

Diversification Opportunities for Mfs Growth and Dimensional 2070

0.0

Correlation Coefficient

Mfs Growth  Dimensional 2070

Pay attention - limited upside

The 3 months correlation between Mfs and Dimensional is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Growth Fund and Dimensional 2070 Target in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dimensional 2070 Target and Mfs Growth is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Mfs Growth Fund are associated (or correlated) with Dimensional 2070. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dimensional 2070 Target has no effect on the direction of Mfs Growth i.e., Mfs Growth and Dimensional 2070 go up and down completely randomly.

Pair Corralation between Mfs Growth and Dimensional 2070

If you would invest  18,385  in Mfs Growth Fund on May 17, 2025 and sell it today you would earn a total of  1,554  from holding Mfs Growth Fund or generate 8.45% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Mfs Growth Fund  vs.  Dimensional 2070 Target

Mfs Growth Fund

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Mfs Growth Fund are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Mfs Growth may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Dimensional 2070 Target

Risk-Adjusted Performance

Solid

Over the last 90 days Dimensional 2070 Target has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Dimensional 2070 is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with Mfs Growth and Dimensional 2070

The main advantage of trading using opposite Mfs Growth and Dimensional 2070 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mfs Growth position performs unexpectedly, Dimensional 2070 can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dimensional 2070 will offset losses from the drop in Dimensional 2070's long position.

The idea behind Mfs Growth Fund and Dimensional 2070 Target pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.