Mfs International Correlations

MIDJX Fund  USD 32.19  0.09  0.28%   
The current 90-days correlation between Mfs International New and Artisan Small Cap is 0.05 (i.e., Significant 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 0.29 (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

  0.76FPPJX Mfs Prudent InvestorPairCorr
  0.77FPPQX Mfs Prudent InvestorPairCorr
  0.8FPPRX Mfs Prudent InvestorPairCorr
  0.78FPPSX Mfs Prudent InvestorPairCorr
  0.76FPPUX Mfs Prudent InvestorPairCorr
  0.76FPPVX Mfs Prudent InvestorPairCorr
  0.93MKVCX Mfs International LargePairCorr
  0.93MKVEX Mfs International LargePairCorr
  0.97MKVDX Mfs International LargePairCorr
  0.97MKVIX Mfs International LargePairCorr
  0.92MKVHX Mfs Series TrustPairCorr
  0.92EMLAX Mfs Emerging MarketsPairCorr
  0.92EMLIX Mfs Emerging MarketsPairCorr
  0.86DIFDX Mfs Diversified IncomePairCorr
  0.93EMLCX Mfs Emerging MarketsPairCorr

Moving against Mfs Mutual Fund

  0.51OTCIX Mfs Mid CapPairCorr
  0.4UIVIX Mfs Intrinsic ValuePairCorr
  0.4UIVVX Mfs Intrinsic ValuePairCorr
  0.39UIVNX Mfs Intrinsic ValuePairCorr
  0.56BRWUX Mfs Blended ResearchPairCorr
  0.54BRUEX Mfs Blended ResearchPairCorr
  0.54BRWVX Mfs Blended ResearchPairCorr
  0.54BRWAX Mfs Blended ResearchPairCorr
  0.53BRSBX Mfs Blended ResearchPairCorr
  0.51OTCAX Mfs Mid CapPairCorr
  0.51OTCBX Mfs Mid CapPairCorr
  0.51BRUGX Mfs Blended ResearchPairCorr

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.