Mfs Emerging Correlations

Mutual Funds . USA . 
Fund . Mfs Emerging Markets
MEMJX Fund  USD 36.20  0.02  0.06%   
The current 90-days correlation between Mfs Emerging Markets and Nationwide Global Equity is 0.48 (i.e., Very weak 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

Modest diversification

The correlation between Mfs Emerging Markets and DJI is 0.27 (i.e., Modest 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 inflation.

Moving together with Mfs Mutual Fund

  0.75FPPJX Mfs Prudent InvestorPairCorr
  0.75FPPQX Mfs Prudent InvestorPairCorr
  0.73FPPRX Mfs Prudent InvestorPairCorr
  0.74FPPSX Mfs Prudent InvestorPairCorr
  0.75FPPUX Mfs Prudent InvestorPairCorr
  0.75FPPVX Mfs Prudent InvestorPairCorr
  0.61MKVBX Mfs International LargePairCorr
  0.61MKVGX Mfs International LargePairCorr
  0.61MKVFX Mfs International LargePairCorr
  0.61MKVIX Mfs International LargePairCorr
  0.61MKVHX Mfs Series TrustPairCorr
  1.0BRKBX Mfs Blended ResearchPairCorr
  1.0BRKCX Mfs Blended ResearchPairCorr
  1.0BRKAX Mfs Blended ResearchPairCorr

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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