Mfs Global Correlations

Mutual Funds USA . 
Fund . Mfs Global Real
MGLIX Fund  USD 17.78  0.06  0.34%   
The current 90-days correlation between Mfs Global Real and T Rowe Price is 0.43 (i.e., Very weak diversification). The correlation of Mfs Global 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 Global Correlation With Market

Modest diversification

The correlation between Mfs Global Real and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Global Real 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 Global Real. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.68FPPJX Mfs Prudent InvestorPairCorr
  0.69FPPQX Mfs Prudent InvestorPairCorr
  0.72FPPRX Mfs Prudent InvestorPairCorr
  0.7FPPSX Mfs Prudent InvestorPairCorr
  0.69FPPUX Mfs Prudent InvestorPairCorr
  0.68FPPVX Mfs Prudent InvestorPairCorr
  0.77MKVCX Mfs International LargePairCorr
  0.76MKVBX Mfs International LargePairCorr
  0.76MKVGX Mfs International LargePairCorr
  0.76MKVFX Mfs International LargePairCorr
  0.76MKVEX Mfs International LargePairCorr
  0.77MKVDX Mfs International LargePairCorr
  0.76MKVIX Mfs International LargePairCorr
  0.76MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.36UIVIX Mfs Intrinsic ValuePairCorr
  0.35UIVCX Mfs Intrinsic ValuePairCorr
  0.45OTCHX Mfs Mid CapPairCorr
  0.45OTCIX Mfs Mid CapPairCorr
  0.45OTCJX Mfs Mid CapPairCorr
  0.45OTCKX Mfs Mid CapPairCorr
  0.45OTCGX Mfs Mid CapPairCorr
  0.36UIVPX Mfs Intrinsic ValuePairCorr
  0.36UIVQX Mfs Intrinsic ValuePairCorr
  0.36UIVNX Mfs Intrinsic ValuePairCorr
  0.36UIVVX Mfs Intrinsic ValuePairCorr
  0.36UIVRX Mfs Intrinsic ValuePairCorr
  0.35UIVMX Mfs Intrinsic ValuePairCorr
  0.45OTCAX Mfs Mid CapPairCorr
  0.45OTCBX Mfs Mid CapPairCorr
  0.45OTCCX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

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