Correlation Analysis Between MFS Emerging and PIMCO Emerging

This module allows you to analyze existing cross correlation between MFS Emerging Markets Debt Local and PIMCO Emerging Markets Local Cu. You can compare the effects of market volatilities on MFS Emerging and PIMCO Emerging and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in MFS Emerging with a short position of PIMCO Emerging. See also your portfolio center. Please also check ongoing floating volatility patterns of MFS Emerging and PIMCO Emerging.
Horizon     30 Days    Login   to change
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Comparative Performance

MFS Emerging Markets  
33

Risk-Adjusted Fund Performance

Compared to the overall equity markets, risk-adjusted returns on investments in MFS Emerging Markets Debt Local are ranked lower than 3 (%) of all funds and portfolios of funds over the last 30 days. Inspite fairly strong basic indicators, MFS Emerging is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
PIMCO Emerging Markets  
00

Risk-Adjusted Fund Performance

Over the last 30 days PIMCO Emerging Markets Local Cu has generated negative risk-adjusted returns adding no value to fund investors. Inspite fairly strong basic indicators, PIMCO Emerging is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

MFS Emerging and PIMCO Emerging Volatility Contrast

MFS Emerging Markets Debt Loca  vs.  PIMCO Emerging Markets Local C

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  685.00  in MFS Emerging Markets Debt Local on November 13, 2019 and sell it today you would earn a total of  8.00  from holding MFS Emerging Markets Debt Local or generate 1.17% return on investment over 30 days.

Pair Corralation between MFS Emerging and PIMCO Emerging

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.56%
ValuesDaily Returns

Diversification Opportunities for MFS Emerging and PIMCO Emerging

MFS Emerging Markets Debt Loca diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding MFS Emerging Markets Debt Loca and PIMCO Emerging Markets Local C in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on PIMCO Emerging Markets and MFS Emerging is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on MFS Emerging Markets Debt Local are associated (or correlated) with PIMCO Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of PIMCO Emerging Markets has no effect on the direction of MFS Emerging i.e. MFS Emerging and PIMCO Emerging go up and down completely randomly.

MFS Emerging Markets Debt Local

Pair trading matchups for MFS Emerging

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