Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
EMLBX Fund  USD 5.40  0.01  0.19%   
The current 90-days correlation between Mfs Emerging Markets and Tax Free Conservative Income is -0.22 (i.e., Very good diversification). The correlation of Mfs Emerging 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.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Mfs Emerging Markets. 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 bureau of labor statistics.

Moving together with Mfs Mutual Fund

  0.61FPPRX Mfs Prudent InvestorPairCorr
  0.9MKVCX Mfs International LargePairCorr
  0.89MKVGX Mfs International LargePairCorr
  0.89MKVFX Mfs International LargePairCorr
  0.89MKVEX Mfs International LargePairCorr
  0.86MKVDX Mfs International LargePairCorr
  0.84MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.66OTCHX Mfs Mid CapPairCorr
  0.66OTCKX Mfs Mid CapPairCorr
  0.66OTCGX Mfs Mid CapPairCorr
  0.65OTCIX Mfs Mid CapPairCorr
  0.65OTCJX Mfs Mid CapPairCorr
  0.6UIVIX Mfs Intrinsic ValuePairCorr
  0.6UIVQX Mfs Intrinsic ValuePairCorr
  0.6UIVRX Mfs Intrinsic ValuePairCorr
  0.59UIVPX Mfs Intrinsic ValuePairCorr
  0.59UIVNX Mfs Intrinsic ValuePairCorr
  0.59UIVVX Mfs Intrinsic ValuePairCorr
  0.58UIVCX Mfs Intrinsic ValuePairCorr
  0.58UIVMX Mfs Intrinsic ValuePairCorr
  0.42LFTHX Mfs Lifetime 2065PairCorr
  0.42LFTNX Mfs Lifetime 2065PairCorr
  0.41LFTFX Mfs Lifetime 2065PairCorr
  0.41LFTMX Mfs Lifetime 2065PairCorr
  0.41LFTLX Mfs Lifetime 2065PairCorr
  0.4LFTKX Mfs Lifetime 2065PairCorr
  0.38LFTJX Mfs Lifetime 2065PairCorr
  0.38LFTGX Mfs Lifetime 2065PairCorr
  0.32HYPPX Mfs High YieldPairCorr
  0.64OTCAX Mfs Mid CapPairCorr
  0.62OTCBX Mfs Mid CapPairCorr
  0.62OTCCX 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   
ELDFX
+ 0.98
JPDVX
FHCOX
+ 0.93
TFCAX
WDIAX
+ 0.76
FARIX
WDIAX
+ 0.71
JPDVX
ELDFX
+ 0.69
WDIAX
FARIX
+ 0.67
JPDVX
  
High negative correlations   
XWDIX
- 0.81
FHCOX
XWDIX
- 0.69
TFCAX
WDIAX
- 0.5
XWDIX
FARIX
- 0.39
XWDIX
JPDVX
- 0.12
XWDIX
ELDFX
- 0.06
XWDIX

Risk-Adjusted Indicators

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