Mfs International Correlations

MDIDX Fund

USD 23.95 0.09 0.37%

The current 90-days correlation between Mfs International and Classic Value Fund is 0.33 (i.e., Weak diversification). The correlation of Mfs International 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 International Correlation With Market

Weak diversification

The correlation between Mfs International Diversificat and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs International Diversificat 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 International Diversification. 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 unemployment.

Moving together with Mfs Mutual Fund

0.77	FPPJX	Mfs Prudent Investor	Pair Corr
0.78	FPPQX	Mfs Prudent Investor	Pair Corr
0.81	FPPRX	Mfs Prudent Investor	Pair Corr
0.79	FPPSX	Mfs Prudent Investor	Pair Corr
0.77	FPPUX	Mfs Prudent Investor	Pair Corr
0.77	FPPVX	Mfs Prudent Investor	Pair Corr
0.97	MKVCX	Mfs International Large	Pair Corr
0.98	MKVGX	Mfs International Large	Pair Corr
0.98	MKVFX	Mfs International Large	Pair Corr
0.97	MKVDX	Mfs International Large	Pair Corr
0.98	MKVHX	Mfs Series Trust	Pair Corr
0.8	BRKBX	Mfs Blended Research	Pair Corr
0.8	BRKCX	Mfs Blended Research	Pair Corr
0.79	BRKAX	Mfs Blended Research	Pair Corr
0.86	EMLBX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.54	OTCIX	Mfs Mid Cap	Pair Corr
0.54	OTCJX	Mfs Mid Cap	Pair Corr
0.54	OTCKX	Mfs Mid Cap	Pair Corr
0.53	OTCHX	Mfs Mid Cap	Pair Corr
0.5	UIVIX	Mfs Intrinsic Value	Pair Corr
0.5	UIVPX	Mfs Intrinsic Value	Pair Corr
0.5	UIVQX	Mfs Intrinsic Value	Pair Corr
0.5	UIVVX	Mfs Intrinsic Value	Pair Corr
0.5	UIVRX	Mfs Intrinsic Value	Pair Corr
0.49	UIVCX	Mfs Intrinsic Value	Pair Corr
0.49	UIVNX	Mfs Intrinsic Value	Pair Corr
0.48	UIVMX	Mfs Intrinsic Value	Pair Corr
0.48	OTCGX	Mfs Mid Cap	Pair Corr
0.53	OTCAX	Mfs Mid Cap	Pair Corr
0.48	OTCBX	Mfs Mid Cap	Pair Corr
0.47	OTCCX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	JCVIX	HWLIX	QUAIX	HASCX	MSSMX
JCVIX		0.28	0.96	0.98	0.92	JCVIX
HWLIX	0.28		0.24	0.33	0.0	HWLIX
QUAIX	0.96	0.24		0.97	0.89	QUAIX
HASCX	0.98	0.33	0.97		0.88	HASCX
MSSMX	0.92	0.0	0.89	0.88		MSSMX
	JCVIX	HWLIX	QUAIX	HASCX	MSSMX

Click cells to compare fundamentals

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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

HASCX	+ 0.98	JCVIX
HASCX	+ 0.97	QUAIX
QUAIX	+ 0.96	JCVIX
MSSMX	+ 0.92	JCVIX
MSSMX	+ 0.89	QUAIX
MSSMX	+ 0.88	HASCX

High negative correlations

MSSMX

- 0.0

HWLIX

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
JCVIX	0.70	(0.02)	(0.01)	0.07	0.52	(0.96)	1.37	(1.01)	6.01
HWLIX	0.71	(0.17)	0.00	(0.07)	0.00	0.00	1.10	(0.97)	13.65
QUAIX	0.90	0.04	0.06	0.12	0.91	(0.99)	1.92	(1.95)	6.76
HASCX	0.85	0.00	0.05	0.09	0.74	(1.02)	1.96	(1.28)	7.80
MSSMX	1.44	0.44	0.36	0.38	0.82	(1.91)	3.47	(1.72)	7.29

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