Mfs International Correlations

Mutual Funds USA . 
Fund . Mfs International Diversification
MDIJX Fund  USD 24.46  0.12  0.49%   
The current 90-days correlation between Mfs International and Mfs Growth Fund is 0.4 (i.e., Very 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

Very weak diversification

The correlation between Mfs International Diversificat and DJI is 0.41 (i.e., Very 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 inflation.

Moving together with MFS Mutual Fund

  0.83FPPJX Mfs Prudent InvestorPairCorr
  0.84FPPQX Mfs Prudent InvestorPairCorr
  0.84FPPRX Mfs Prudent InvestorPairCorr
  0.84FPPSX Mfs Prudent InvestorPairCorr
  0.8LFTKX Mfs Lifetime 2065PairCorr
  0.92MKVBX Mfs International LargePairCorr
  0.81DIFIX Mfs Diversified IncomePairCorr
  0.61MSVAX Mfs Virginia MunicipalPairCorr
  1.0MDIZX Mfs InternationalPairCorr
  0.86MEDAX Mfs Emerging MarketsPairCorr
  0.69MFFIX Mfs Lifetime 2050PairCorr
  0.76MFJTX Mfs Lifetime 2060PairCorr
  0.77MFJUX Mfs Lifetime 2060PairCorr
  0.74MFIWX Mfs Income FundPairCorr
  0.76MFJAX Mfs Lifetime 2060PairCorr
  0.76MFJBX Mfs Lifetime 2060PairCorr
  0.88MIACX Mfs Inflation AdjustedPairCorr
  0.63MINHX Mfs International ValuePairCorr
  0.66MINIX Mfs International ValuePairCorr
  0.95VGTSX Vanguard Total InterPairCorr
  0.95VTIAX Vanguard Total InterPairCorr
  0.98VTSNX Vanguard Total InterPairCorr
  0.98VTPSX Vanguard Total InterPairCorr
  0.98VTISX Vanguard Total InterPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.96VDVIX Vanguard DevelopedPairCorr
  0.96VTMNX Vanguard DevelopedPairCorr
  0.96VDIPX Vanguard DevelopedPairCorr
  0.94FSPSX Fidelity InternationalPairCorr

Related Correlations Analysis

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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.

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