Mfs International Correlations

MIDJX Fund  USD 32.10  0.06  0.19%   
The current 90-days correlation between Mfs International New and Mfs Prudent Investor is -0.02 (i.e., Good 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

Significant diversification

The correlation between Mfs International New and DJI is 0.01 (i.e., Significant 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
  0.79FPPUX Mfs Prudent InvestorPairCorr
  0.77FPPVX Mfs Prudent InvestorPairCorr
  0.97MKVCX Mfs International LargePairCorr
  0.97MKVBX Mfs International LargePairCorr
  0.97MKVGX Mfs International LargePairCorr
  0.97MKVFX Mfs International LargePairCorr
  0.97MKVEX Mfs International LargePairCorr
  0.97MKVDX Mfs International LargePairCorr
  0.97MKVIX Mfs International LargePairCorr
  0.97MKVHX Mfs Series TrustPairCorr

Moving against Mfs Mutual Fund

  0.38UIVIX Mfs Intrinsic ValuePairCorr
  0.37UIVCX Mfs Intrinsic ValuePairCorr
  0.51OTCIX Mfs Mid CapPairCorr
  0.51OTCJX Mfs Mid CapPairCorr
  0.51OTCKX Mfs Mid CapPairCorr
  0.5OTCHX Mfs Mid CapPairCorr
  0.5OTCGX Mfs Mid CapPairCorr
  0.41UIVVX Mfs Intrinsic ValuePairCorr
  0.4UIVNX Mfs Intrinsic ValuePairCorr
  0.38UIVPX Mfs Intrinsic ValuePairCorr
  0.38UIVQX Mfs Intrinsic ValuePairCorr
  0.38UIVRX 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

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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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.28  0.00 (0.29) 0.08  0.36 
 0.51 
 1.82 
FPPQX  0.29  0.00 (0.30) 0.08  0.36 
 0.58 
 1.74 
FPPRX  0.28 (0.01)(0.32) 0.01  0.37 
 0.52 
 1.85 
FPPSX  0.29 (0.01)(0.31) 0.04  0.37 
 0.58 
 1.83 
FPPUX  0.27 (0.01)(0.30) 0.10  0.31 
 0.58 
 1.82 
FPPVX  0.27 (0.01)(0.31) 0.07  0.34 
 0.50 
 1.82 
LFTFX  0.44  0.04 (0.13) 1.35  0.52 
 0.87 
 2.82 
LFTJX  0.45  0.04 (0.13) 1.00  0.54 
 0.87 
 2.93 
LFTGX  0.44  0.04 (0.13) 0.90  0.53 
 0.87 
 2.84 
LFTHX  0.45  0.05 (0.13) 1.77  0.53 
 0.86 
 2.80