Massachusetts Investors Correlations

MITBX Fund  USD 33.58  4.64  12.14%   
The current 90-days correlation between Massachusetts Investors and Pnc Emerging Markets is 0.48 (i.e., Very weak diversification). The correlation of Massachusetts Investors 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.

Massachusetts Investors Correlation With Market

Significant diversification

The correlation between Massachusetts Investors Trust and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massachusetts Investors Trust 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 Massachusetts Investors Trust. 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 Massachusetts Mutual Fund

  0.68LFTFX Mfs Lifetime 2065PairCorr
  0.64LFTJX Mfs Lifetime 2065PairCorr
  0.65LFTGX Mfs Lifetime 2065PairCorr
  0.69LFTHX Mfs Lifetime 2065PairCorr
  0.69LFTMX Mfs Lifetime 2065PairCorr
  0.69LFTNX Mfs Lifetime 2065PairCorr
  0.67LFTKX Mfs Lifetime 2065PairCorr
  0.68LFTLX Mfs Lifetime 2065PairCorr
  0.69HYPPX Mfs High YieldPairCorr
  0.78UIVIX Mfs Intrinsic ValuePairCorr
  0.79UIVCX Mfs Intrinsic ValuePairCorr
  0.79UIVPX Mfs Intrinsic ValuePairCorr
  0.78UIVQX Mfs Intrinsic ValuePairCorr
  0.79UIVNX Mfs Intrinsic ValuePairCorr
  0.79UIVMX Mfs Intrinsic ValuePairCorr
  0.79UIVVX Mfs Intrinsic ValuePairCorr
  0.78UIVRX Mfs Intrinsic ValuePairCorr
  0.61OTCHX Mfs Mid CapPairCorr
  0.65OTCIX Mfs Mid CapPairCorr
  0.64OTCJX Mfs Mid CapPairCorr
  0.65OTCKX Mfs Mid CapPairCorr
  0.61OTCGX Mfs Mid CapPairCorr
  0.61OTCAX Mfs Mid CapPairCorr

Moving against Massachusetts Mutual Fund

  0.6MKVCX Mfs International LargePairCorr
  0.58MKVEX Mfs International LargePairCorr
  0.56MKVGX Mfs International LargePairCorr
  0.54MKVDX Mfs International LargePairCorr
  0.52MKVBX Mfs International LargePairCorr
  0.51MKVFX Mfs International LargePairCorr
  0.76EMLBX Mfs Emerging MarketsPairCorr
  0.75EMLAX Mfs Emerging MarketsPairCorr
  0.75EMLNX Mfs Emerging MarketsPairCorr
  0.56MKVHX Mfs Series TrustPairCorr
  0.56BRKBX Mfs Blended ResearchPairCorr
  0.56BRKCX Mfs Blended ResearchPairCorr

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   
EPASXEMSLX
EPASXPIEFX
EMSLXPIEFX
EPASXEMCIX
EMCIXPIEFX
EMCIXEMSLX
  
High negative correlations   
LOTCXPIEFX
EPASXLOTCX
EMSLXLOTCX
EMCIXLOTCX

Risk-Adjusted Indicators

There is a big difference between Massachusetts Mutual Fund performing well and Massachusetts Investors 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 Massachusetts Investors' 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.