Mfs International Correlations

MIDJX Fund  USD 32.10  0.05  0.16%   
The current 90-days correlation between Mfs International New and Blackrock Inflation Protected 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

Modest diversification

The correlation between Mfs International New and DJI is 0.27 (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

  0.75FPPJX Mfs Prudent InvestorPairCorr
  0.76FPPQX Mfs Prudent InvestorPairCorr
  0.79FPPRX Mfs Prudent InvestorPairCorr
  0.77FPPSX Mfs Prudent InvestorPairCorr
  0.75FPPUX Mfs Prudent InvestorPairCorr
  0.75FPPVX Mfs Prudent InvestorPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVBX Mfs International LargePairCorr
  0.92MKVGX Mfs International LargePairCorr
  0.92MKVFX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.93MKVDX Mfs International LargePairCorr
  0.92MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.62BRKBX Mfs Blended ResearchPairCorr
  0.62BRKCX Mfs Blended ResearchPairCorr
  0.61BRKAX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.43UIVIX Mfs Intrinsic ValuePairCorr
  0.43UIVCX Mfs Intrinsic ValuePairCorr
  0.56OTCKX Mfs Mid CapPairCorr
  0.53OTCHX Mfs Mid CapPairCorr
  0.53OTCIX Mfs Mid CapPairCorr
  0.53OTCJX Mfs Mid CapPairCorr
  0.43UIVPX Mfs Intrinsic ValuePairCorr
  0.43UIVQX Mfs Intrinsic ValuePairCorr
  0.43UIVRX Mfs Intrinsic ValuePairCorr
  0.42UIVNX Mfs Intrinsic ValuePairCorr
  0.42UIVVX Mfs Intrinsic ValuePairCorr
  0.41UIVMX Mfs Intrinsic ValuePairCorr
  0.53OTCAX Mfs Mid CapPairCorr
  0.53OTCBX Mfs Mid CapPairCorr
  0.53OTCCX Mfs Mid CapPairCorr

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   
WAFAXBPRIX
TIPSXLWICX
LWICXBPRIX
TIPSXBPRIX
LWICXWAFAX
TIPSXABNYX
  
High negative correlations   
FIFGXRYIFX
EVOIXFIFGX
WAFAXFIFGX
LWICXFIFGX
TIPSXFIFGX
FIFGXBPRIX

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.