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 0.37 (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

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

0.76	FPPJX	Mfs Prudent Investor	Pair Corr
0.77	FPPQX	Mfs Prudent Investor	Pair Corr
0.8	FPPRX	Mfs Prudent Investor	Pair Corr
0.78	FPPSX	Mfs Prudent Investor	Pair Corr
0.76	FPPUX	Mfs Prudent Investor	Pair Corr
0.76	FPPVX	Mfs Prudent Investor	Pair Corr
0.97	MKVCX	Mfs International Large	Pair Corr
0.93	MKVEX	Mfs International Large	Pair Corr
0.93	MKVDX	Mfs International Large	Pair Corr
0.92	MKVIX	Mfs International Large	Pair Corr
0.92	MKVHX	Mfs Series Trust	Pair Corr
0.61	BRKBX	Mfs Blended Research	Pair Corr
0.93	EMLAX	Mfs Emerging Markets	Pair Corr
0.93	EMLIX	Mfs Emerging Markets	Pair Corr
0.86	DIFDX	Mfs Diversified Income	Pair Corr
0.93	EMLCX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.53	OTCIX	Mfs Mid Cap	Pair Corr
0.42	UIVIX	Mfs Intrinsic Value	Pair Corr
0.41	UIVNX	Mfs Intrinsic Value	Pair Corr
0.41	UIVVX	Mfs Intrinsic Value	Pair Corr
0.56	BRWVX	Mfs Blended Research	Pair Corr
0.56	BRWUX	Mfs Blended Research	Pair Corr
0.56	BRWAX	Mfs Blended Research	Pair Corr
0.54	BRSBX	Mfs Blended Research	Pair Corr
0.52	OTCAX	Mfs Mid Cap	Pair Corr
0.52	OTCBX	Mfs Mid Cap	Pair Corr
0.52	BRUGX	Mfs Blended Research	Pair Corr
0.52	BRUEX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	LCFYX	ARBOX	VAADX	CCD	PRCCX	FSAWX
LCFYX		0.93	0.99	-0.08	0.98	0.96	LCFYX
ARBOX	0.93		0.94	0.05	0.96	0.96	ARBOX
VAADX	0.99	0.94		-0.1	0.97	0.95	VAADX
CCD	-0.08	0.05	-0.1		0.05	-0.08	CCD
PRCCX	0.98	0.96	0.97	0.05		0.96	PRCCX
FSAWX	0.96	0.96	0.95	-0.08	0.96		FSAWX
	LCFYX	ARBOX	VAADX	CCD	PRCCX	FSAWX

Click cells to compare fundamentals

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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

VAADX	+ 0.99	LCFYX
PRCCX	+ 0.98	LCFYX
PRCCX	+ 0.97	VAADX
FSAWX	+ 0.96	LCFYX
PRCCX	+ 0.96	ARBOX
FSAWX	+ 0.96	ARBOX

High negative correlations

CCD	- 0.1	VAADX
FSAWX	- 0.08	CCD
CCD	- 0.08	LCFYX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LCFYX	0.36	0.11	0.11	0.39	0.00	(0.47)	1.01	(0.58)	2.22
ARBOX	0.04	0.00	0.00	0.00	0.00	0.00	0.09	0.00	0.26
VAADX	0.42	0.17	0.12	1.84	0.00	(0.55)	1.09	(0.70)	2.28
CCD	0.74	(0.02)	(0.10)	0.08	0.91	(0.81)	1.88	(1.68)	4.88
PRCCX	0.38	0.08	0.04	0.29	0.00	(0.47)	0.98	(0.64)	1.94
FSAWX	0.08	0.04	(0.82)	(3.36)	0.00	(0.14)	0.19	(0.09)	0.46

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