Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International New
MIDHX Fund  USD 29.13  0.01  0.03%   
The current 90-days correlation between Mfs International New and Needham Small Cap is 0.37 (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 New and DJI is 0.35 (i.e., Weak 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 rate.

Moving together with Mfs Mutual Fund

  0.78LFTFX Mfs Lifetime 2065PairCorr
  0.79LFTJX Mfs Lifetime 2065PairCorr
  0.75LFTGX Mfs Lifetime 2065PairCorr
  0.77LFTHX Mfs Lifetime 2065PairCorr
  0.74LFTMX Mfs Lifetime 2065PairCorr
  0.71LFTNX Mfs Lifetime 2065PairCorr
  0.74LFTKX Mfs Lifetime 2065PairCorr
  0.72LFTLX Mfs Lifetime 2065PairCorr
  0.74UIVIX Mfs Intrinsic ValuePairCorr
  0.75UIVCX Mfs Intrinsic ValuePairCorr
  0.68UIVPX Mfs Intrinsic ValuePairCorr
  0.74UIVQX Mfs Intrinsic ValuePairCorr
  0.75UIVNX Mfs Intrinsic ValuePairCorr
  0.68UIVMX Mfs Intrinsic ValuePairCorr
  0.68UIVVX Mfs Intrinsic ValuePairCorr
  0.68UIVRX Mfs Intrinsic ValuePairCorr
  0.83OTCHX Mfs Mid CapPairCorr
  0.82OTCIX Mfs Mid CapPairCorr
  0.82OTCJX Mfs Mid CapPairCorr
  0.74OTCKX Mfs Mid CapPairCorr
  0.71MKVCX Mfs International LargePairCorr
  0.71MKVBX Mfs International LargePairCorr
  0.77OTCGX Mfs Mid CapPairCorr
  0.7MKVGX Mfs International LargePairCorr
  0.71MKVFX Mfs International LargePairCorr
  0.73MKVEX Mfs International LargePairCorr
  0.67MKVDX Mfs International LargePairCorr
  0.72MKVIX Mfs International LargePairCorr
  0.7MKVHX Mfs Series TrustPairCorr
  0.76OTCAX Mfs Mid CapPairCorr

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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