Mfs Diversified Correlations

Mutual Funds . USA . 
Fund . Mfs Diversified Income
DIFGX Fund  USD 12.10  0.14  1.14%   
The current 90-days correlation between Mfs Diversified Income and Goldman Sachs Income is 0.75 (i.e., Poor diversification). The correlation of Mfs Diversified 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 Diversified Correlation With Market

Weak diversification

The correlation between Mfs Diversified Income and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Diversified Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Diversified Income. 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

  0.63FPPJX Mfs Prudent InvestorPairCorr
  0.64FPPQX Mfs Prudent InvestorPairCorr
  0.65FPPRX Mfs Prudent InvestorPairCorr
  0.64FPPSX Mfs Prudent InvestorPairCorr
  0.64FPPUX Mfs Prudent InvestorPairCorr
  0.64FPPVX Mfs Prudent InvestorPairCorr
  0.81MKVCX Mfs International LargePairCorr
  0.81MKVGX Mfs International LargePairCorr
  0.81MKVFX Mfs International LargePairCorr
  0.81MKVEX Mfs International LargePairCorr
  0.81MKVDX Mfs International LargePairCorr
  0.8MKVIX Mfs International LargePairCorr
  0.8MKVHX Mfs Series TrustPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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