Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEDAX Fund  USD 12.14  0.03  0.25%   
The current 90-days correlation between Mfs Emerging Markets and Artisan High Income is 0.7 (i.e., Poor 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.

Mfs Emerging Correlation With Market

Significant diversification

The correlation between Mfs Emerging Markets and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Emerging Markets 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 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 nation.

Moving together with MFS Mutual Fund

  0.69FPPJX Mfs Prudent InvestorPairCorr
  0.69FPPQX Mfs Prudent InvestorPairCorr
  0.7FPPRX Mfs Prudent InvestorPairCorr
  0.69FPPSX Mfs Prudent InvestorPairCorr
  0.69FPPUX Mfs Prudent InvestorPairCorr
  0.69FPPVX Mfs Prudent InvestorPairCorr
  0.63MKVBX Mfs International LargePairCorr
  0.8MLALX Mfs Alabama MunicipalPairCorr
  0.61BRXBX Mfs Blended ResearchPairCorr
  0.85MLLHX Mfs Lifetime IncomePairCorr
  0.83MLLKX Mfs Lifetime IncomePairCorr
  0.85MLLCX Mfs Lifetime RetirementPairCorr
  0.82MMGAX Mfs Georgia MunicipalPairCorr
  0.85MMICX Mfs Municipal IncomePairCorr
  0.84MMHCX Mfs Municipal HighPairCorr

Related Correlations Analysis

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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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