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

Significant diversification

The correlation between Mfs International New and DJI is 0.02 (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 various price indices.

Moving together with Mfs Mutual Fund

  0.96OSCIX Oppenheimer Intl SmallPairCorr
  0.93TIDDX T Rowe PricePairCorr
  0.99BTMPX Ishares Msci EafePairCorr
  0.96BTMKX Blackrock InternationalPairCorr
  0.99MDIIX Blackrock Intern IndexPairCorr
  0.66MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.85KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr

Moving against Mfs Mutual Fund

  0.82JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.73SPMPX Invesco Steelpath MlpPairCorr
  0.73MLPNX Oppenheimer Steelpath MlpPairCorr
  0.73SPMJX Invesco Steelpath MlpPairCorr
  0.73TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.66COGVX Cognios Large CapPairCorr
  0.66CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.61T ATT Inc Aggressive PushPairCorr
  0.53AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.5AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.39HPQ HP IncPairCorr
  0.31INTC Intel Downward RallyPairCorr

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.