Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Value
MINIX Fund  USD 40.74  0.14  0.34%   
The current 90-days correlation between Mfs International Value and Valic Company I is 0.27 (i.e., Modest 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

Very weak diversification

The correlation between Mfs International Value and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs International Value 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 Value. 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.77LFTFX Mfs Lifetime 2065PairCorr
  0.75LFTJX Mfs Lifetime 2065PairCorr
  0.79LFTGX Mfs Lifetime 2065PairCorr
  0.73LFTHX Mfs Lifetime 2065PairCorr
  0.76LFTMX Mfs Lifetime 2065PairCorr
  0.73LFTNX Mfs Lifetime 2065PairCorr
  0.78LFTKX Mfs Lifetime 2065PairCorr
  0.77LFTLX Mfs Lifetime 2065PairCorr
  0.69UIVIX Mfs Intrinsic ValuePairCorr
  0.72UIVCX Mfs Intrinsic ValuePairCorr
  0.7UIVPX Mfs Intrinsic ValuePairCorr
  0.7UIVQX Mfs Intrinsic ValuePairCorr
  0.71UIVNX Mfs Intrinsic ValuePairCorr
  0.72UIVMX Mfs Intrinsic ValuePairCorr
  0.7UIVVX Mfs Intrinsic ValuePairCorr
  0.7UIVRX Mfs Intrinsic ValuePairCorr
  0.68OTCHX Mfs Mid CapPairCorr
  0.66OTCIX Mfs Mid CapPairCorr
  0.66OTCJX Mfs Mid CapPairCorr
  0.65OTCKX Mfs Mid CapPairCorr
  0.99MKVCX Mfs International LargePairCorr
  0.99MKVBX Mfs International LargePairCorr
  0.74OTCGX Mfs Mid CapPairCorr
  0.99MKVGX Mfs International LargePairCorr
  0.99MKVFX Mfs International LargePairCorr
  0.99MKVEX Mfs International LargePairCorr
  0.99MKVDX Mfs International LargePairCorr
  0.99MKVIX Mfs International LargePairCorr
  0.99MKVHX Mfs Series TrustPairCorr
  0.71BRKBX Mfs Blended ResearchPairCorr
  0.71BRKCX Mfs Blended ResearchPairCorr
  0.7BRKAX Mfs Blended ResearchPairCorr
  0.68OTCAX 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.

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