Mfs International Correlations

MIDJX Fund  USD 32.15  0.04  0.12%   
The current 90-days correlation between Mfs International New and Oklahoma College Savings is 0.84 (i.e., Very poor 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

  0.78FPPJX Mfs Prudent InvestorPairCorr
  0.79FPPQX Mfs Prudent InvestorPairCorr
  0.82FPPRX Mfs Prudent InvestorPairCorr
  0.8FPPSX Mfs Prudent InvestorPairCorr
  0.78FPPUX Mfs Prudent InvestorPairCorr
  0.78FPPVX 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
  0.61BRKBX Mfs Blended ResearchPairCorr
  0.61BRKCX Mfs Blended ResearchPairCorr

Moving against Mfs Mutual Fund

  0.42UIVIX Mfs Intrinsic ValuePairCorr
  0.4UIVCX Mfs Intrinsic ValuePairCorr
  0.52OTCHX Mfs Mid CapPairCorr
  0.52OTCIX Mfs Mid CapPairCorr
  0.52OTCJX Mfs Mid CapPairCorr
  0.52OTCKX Mfs Mid CapPairCorr
  0.42UIVQX Mfs Intrinsic ValuePairCorr
  0.42UIVRX Mfs Intrinsic ValuePairCorr
  0.41UIVPX Mfs Intrinsic ValuePairCorr
  0.41UIVNX Mfs Intrinsic ValuePairCorr
  0.41UIVVX Mfs Intrinsic ValuePairCorr
  0.4UIVMX Mfs Intrinsic ValuePairCorr
  0.52OTCAX Mfs Mid CapPairCorr
  0.52OTCBX Mfs Mid CapPairCorr
  0.52OTCCX 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   
HCEMXTEDMX
HCEMXEMSLX
TEDMXEMSLX
PACEXHCEMX
PACEXTEDMX
BXECXFUOKX
  
High negative correlations   
HCEMXLOTCX
TEDMXLOTCX
EMSLXLOTCX
PACEXLOTCX

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.