Mfs International Correlations

MIDAX Fund

USD 29.51 0.12 0.40%

The current 90-days correlation between Mfs International New and Mfs Prudent Investor is 0.43 (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

Modest diversification

The correlation between Mfs International New and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs International New 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 New. 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 nation.

Moving together with Mfs Mutual Fund

0.85	MKVGX	Mfs International Large	Pair Corr
0.85	MKVDX	Mfs International Large	Pair Corr
0.85	MKVHX	Mfs Series Trust	Pair Corr
0.83	EMLBX	Mfs Emerging Markets	Pair Corr
0.83	EMLAX	Mfs Emerging Markets	Pair Corr
0.82	EMLNX	Mfs Emerging Markets	Pair Corr
0.82	EMLLX	Mfs Emerging Markets	Pair Corr
0.66	DIFHX	Mfs Diversified Income	Pair Corr
0.83	EMLKX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.59	UIVIX	Mfs Intrinsic Value	Pair Corr
0.59	UIVPX	Mfs Intrinsic Value	Pair Corr
0.59	UIVQX	Mfs Intrinsic Value	Pair Corr
0.59	UIVNX	Mfs Intrinsic Value	Pair Corr
0.59	UIVRX	Mfs Intrinsic Value	Pair Corr
0.58	UIVCX	Mfs Intrinsic Value	Pair Corr
0.58	UIVMX	Mfs Intrinsic Value	Pair Corr
0.45	HYPPX	Mfs High Yield	Pair Corr
0.37	LFTHX	Mfs Lifetime 2065	Pair Corr
0.36	LFTMX	Mfs Lifetime 2065	Pair Corr
0.36	LFTLX	Mfs Lifetime 2065	Pair Corr
0.36	OTCIX	Mfs Mid Cap	Pair Corr
0.36	OTCKX	Mfs Mid Cap	Pair Corr
0.35	LFTFX	Mfs Lifetime 2065	Pair Corr
0.35	LFTKX	Mfs Lifetime 2065	Pair Corr
0.35	OTCJX	Mfs Mid Cap	Pair Corr
0.32	LFTJX	Mfs Lifetime 2065	Pair Corr
0.32	LFTGX	Mfs Lifetime 2065	Pair Corr
0.32	OTCHX	Mfs Mid Cap	Pair Corr
0.32	OTCAX	Mfs Mid Cap	Pair Corr
0.38	BRSUX	Mfs Blended Research	Pair Corr
0.38	BRSJX	Mfs Blended Research	Pair Corr
0.38	BRSYX	Mfs Blended Research	Pair Corr
0.37	BRSTX	Mfs Blended Research	Pair Corr
0.37	BRSSX	Mfs Blended Research	Pair Corr
0.37	BRSDX	Mfs Blended Research	Pair Corr
0.35	BRSPX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	1.0	1.0	0.2	0.23	0.22	0.19	FPPJX
FPPQX	1.0		1.0	1.0	1.0	1.0	0.18	0.2	0.2	0.17	FPPQX
FPPRX	1.0	1.0		1.0	1.0	1.0	0.13	0.16	0.16	0.13	FPPRX
FPPSX	1.0	1.0	1.0		1.0	1.0	0.17	0.2	0.2	0.16	FPPSX
FPPUX	1.0	1.0	1.0	1.0		1.0	0.2	0.22	0.22	0.19	FPPUX
FPPVX	1.0	1.0	1.0	1.0	1.0		0.2	0.23	0.23	0.19	FPPVX
LFTFX	0.2	0.18	0.13	0.17	0.2	0.2		1.0	1.0	1.0	LFTFX
LFTJX	0.23	0.2	0.16	0.2	0.22	0.23	1.0		1.0	1.0	LFTJX
LFTGX	0.22	0.2	0.16	0.2	0.22	0.23	1.0	1.0		1.0	LFTGX
LFTHX	0.19	0.17	0.13	0.16	0.19	0.19	1.0	1.0	1.0		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FPPJX	0.28	(0.01)	(0.19)	0.06	0.34	(0.30)	0.58	(0.59)	1.82
FPPQX	0.29	(0.01)	(0.20)	0.04	0.35	(0.30)	0.58	(0.59)	1.74
FPPRX	0.28	(0.01)	(0.21)	0.03	0.35	(0.30)	0.59	(0.60)	1.85
FPPSX	0.29	(0.01)	(0.20)	0.04	0.35	(0.30)	0.58	(0.59)	1.83
FPPUX	0.28	(0.01)	(0.21)	0.05	0.33	(0.31)	0.58	(0.59)	1.82
FPPVX	0.27	(0.01)	(0.20)	0.05	0.33	(0.29)	0.51	(0.59)	1.82
LFTFX	0.41	0.00	(0.07)	0.09	0.38	(0.49)	0.87	(0.67)	2.82
LFTJX	0.40	0.00	(0.07)	0.08	0.39	(0.49)	0.87	(0.76)	2.93
LFTGX	0.39	0.00	(0.08)	0.08	0.37	(0.48)	0.87	(0.67)	2.84
LFTHX	0.41	0.00	(0.08)	0.09	0.38	(0.50)	0.86	(0.67)	2.80

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