Mfs International Correlations

MIDJX Fund  USD 32.10  0.06  0.19%   
The current 90-days correlation between Mfs International New and Wasatch Small Cap is 0.29 (i.e., Modest 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
  0.97MKVCX Mfs International LargePairCorr
  0.97MKVBX Mfs International LargePairCorr
  0.92MKVGX Mfs International LargePairCorr
  0.97MKVFX Mfs International LargePairCorr
  0.92MKVEX Mfs International LargePairCorr
  0.92MKVDX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.39UIVIX Mfs Intrinsic ValuePairCorr
  0.37UIVCX Mfs Intrinsic ValuePairCorr
  0.52OTCIX Mfs Mid CapPairCorr
  0.52OTCKX Mfs Mid CapPairCorr
  0.5OTCHX Mfs Mid CapPairCorr
  0.5OTCJX Mfs Mid CapPairCorr
  0.5OTCGX Mfs Mid CapPairCorr
  0.43UIVNX Mfs Intrinsic ValuePairCorr
  0.39UIVPX Mfs Intrinsic ValuePairCorr
  0.39UIVQX Mfs Intrinsic ValuePairCorr
  0.39UIVVX Mfs Intrinsic ValuePairCorr
  0.39UIVRX Mfs Intrinsic ValuePairCorr
  0.37UIVMX Mfs Intrinsic ValuePairCorr
  0.5OTCAX Mfs Mid CapPairCorr
  0.5OTCBX Mfs Mid CapPairCorr
  0.5OTCCX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.