Mfs International Correlations

MIDJX Fund  USD 32.15  0.04  0.12%   
The current 90-days correlation between Mfs International New and Lord Abbett Convertible is 0.33 (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

Modest diversification

The correlation between Mfs International New and DJI is 0.26 (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 inflation.

Moving together with Mfs Mutual Fund

  0.8FPPJX Mfs Prudent InvestorPairCorr
  0.81FPPQX Mfs Prudent InvestorPairCorr
  0.84FPPRX Mfs Prudent InvestorPairCorr
  0.82FPPSX Mfs Prudent InvestorPairCorr
  0.8FPPUX Mfs Prudent InvestorPairCorr
  0.8FPPVX Mfs Prudent InvestorPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.97MKVEX Mfs International LargePairCorr
  0.97MKVDX Mfs International LargePairCorr
  0.97MKVIX Mfs International LargePairCorr
  0.97MKVHX Mfs Series TrustPairCorr
  0.68BRKBX Mfs Blended ResearchPairCorr
  0.93EMLAX Mfs Emerging MarketsPairCorr
  0.66BRKTX Mfs Blended ResearchPairCorr
  0.92EMLIX Mfs Emerging MarketsPairCorr
  0.86DIFDX Mfs Diversified IncomePairCorr
  0.92EMLCX Mfs Emerging MarketsPairCorr

Moving against Mfs Mutual Fund

  0.56OTCIX Mfs Mid CapPairCorr
  0.46UIVIX Mfs Intrinsic ValuePairCorr
  0.46UIVVX Mfs Intrinsic ValuePairCorr
  0.45UIVNX Mfs Intrinsic ValuePairCorr
  0.57BRWVX Mfs Blended ResearchPairCorr
  0.56OTCAX Mfs Mid CapPairCorr
  0.56BRUEX Mfs Blended ResearchPairCorr
  0.56BRWUX Mfs Blended ResearchPairCorr
  0.55BRSBX Mfs Blended ResearchPairCorr
  0.54BRWAX Mfs Blended ResearchPairCorr
  0.52BRUGX Mfs Blended ResearchPairCorr
  0.49OTCBX Mfs Mid CapPairCorr
  0.62MNDAX Mfs New DiscoveryPairCorr
  0.58MRGCX Mfs E EquityPairCorr

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   
VAADXLCFYX
PRCCXLCFYX
PRCCXVAADX
PRCCXARBOX
FSAWXLCFYX
FSAWXARBOX
  
High negative correlations   
FSAWXCCD
CCDVAADX
CCDLCFYX
CCDARBOX
PRCCXCCD

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.