Mfs International Correlations

MIDJX Fund  USD 32.19  0.09  0.28%   
The current 90-days correlation between Mfs International New and T Rowe Price is -0.08 (i.e., Good 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 0.3 (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 inflation.

Moving together with Mfs Mutual Fund

  0.77FPPJX Mfs Prudent InvestorPairCorr
  0.78FPPQX Mfs Prudent InvestorPairCorr
  0.81FPPRX Mfs Prudent InvestorPairCorr
  0.79FPPSX Mfs Prudent InvestorPairCorr
  0.77FPPUX Mfs Prudent InvestorPairCorr
  0.77FPPVX Mfs Prudent InvestorPairCorr
  0.93EMLLX Mfs Emerging MarketsPairCorr
  0.85DIFHX Mfs Diversified IncomePairCorr
  0.74MRBGX Mfs Total ReturnPairCorr
  0.76MRBFX Mfs Total ReturnPairCorr
  0.98MRSAX Mfs Research InternaPairCorr

Moving against Mfs Mutual Fund

  0.58MNDAX Mfs New DiscoveryPairCorr
  0.53BRWBX Mfs Blended ResearchPairCorr
  0.52OTCIX Mfs Mid CapPairCorr
  0.51BRUJX Mfs Blended ResearchPairCorr
  0.5OTCAX Mfs Mid CapPairCorr
  0.39UIVVX Mfs Intrinsic ValuePairCorr
  0.55MFEIX Mfs Growth FundPairCorr
  0.53MSRRX Mfs ResearchPairCorr
  0.52MVCKX Mfs Mid CapPairCorr
  0.51MVCHX Mfs Mid CapPairCorr
  0.51MEGBX Mfs Growth FundPairCorr
  0.51MFECX Mfs Growth FundPairCorr
  0.49MSFRX Mfs Total ReturnPairCorr
  0.43MTCCX Mfs TechnologyPairCorr
  0.43MEIAX Mfs Value FundPairCorr

Related Correlations Analysis

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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   
BCHIXPRFHX
QLMABXMAHIX
RHYAXMAHIX
RHYAXTAHYX
FHAIXRHYAX
QLMABXRHYAX
  
High negative correlations   
QLMABXBCHIX

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.