Mfs International Correlations

MKVEX Fund

USD 14.67 0.09 0.62%

The current 90-days correlation between Mfs International Large and Amg River Road is -0.16 (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

Average diversification

The correlation between Mfs International Large and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs International Large 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 Large. 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 income.

Moving together with Mfs Mutual Fund

0.85	FPPJX	Mfs Prudent Investor	Pair Corr
0.85	FPPQX	Mfs Prudent Investor	Pair Corr
0.85	FPPRX	Mfs Prudent Investor	Pair Corr
0.85	FPPSX	Mfs Prudent Investor	Pair Corr
0.85	FPPUX	Mfs Prudent Investor	Pair Corr
0.85	FPPVX	Mfs Prudent Investor	Pair Corr
0.71	HYPPX	Mfs High Yield	Pair Corr
0.92	MKVCX	Mfs International Large	Pair Corr
0.92	MKVBX	Mfs International Large	Pair Corr
0.92	MKVGX	Mfs International Large	Pair Corr
0.92	MKVFX	Mfs International Large	Pair Corr
0.92	MKVDX	Mfs International Large	Pair Corr
0.74	MKVIX	Mfs International Large	Pair Corr
0.92	MKVHX	Mfs Series Trust	Pair Corr
0.67	BRKBX	Mfs Blended Research	Pair Corr
0.77	BRKCX	Mfs Blended Research	Pair Corr
0.68	BRKAX	Mfs Blended Research	Pair Corr

Moving against Mfs Mutual Fund

0.32	UIVCX	Mfs Intrinsic Value	Pair Corr
0.47	OTCGX	Mfs Mid Cap	Pair Corr
0.46	OTCJX	Mfs Mid Cap	Pair Corr
0.46	OTCKX	Mfs Mid Cap	Pair Corr
0.43	OTCIX	Mfs Mid Cap	Pair Corr
0.42	OTCHX	Mfs Mid Cap	Pair Corr
0.31	UIVNX	Mfs Intrinsic Value	Pair Corr
0.47	OTCBX	Mfs Mid Cap	Pair Corr
0.47	OTCCX	Mfs Mid Cap	Pair Corr
0.41	OTCAX	Mfs Mid Cap	Pair Corr

Related Correlations Analysis

	ARSMX	FCPVX	RYCLX	CSCVX	ESCIX	FMCRX	RRMVX	TIMVX
ARSMX		0.91	-0.87	0.19	0.46	0.87	0.91	0.89	ARSMX
FCPVX	0.91		-0.98	-0.11	0.5	0.95	0.91	0.91	FCPVX
RYCLX	-0.87	-0.98		0.2	-0.44	-0.94	-0.86	-0.88	RYCLX
CSCVX	0.19	-0.11	0.2		0.16	-0.15	0.11	0.02	CSCVX
ESCIX	0.46	0.5	-0.44	0.16		0.49	0.61	0.55	ESCIX
FMCRX	0.87	0.95	-0.94	-0.15	0.49		0.93	0.95	FMCRX
RRMVX	0.91	0.91	-0.86	0.11	0.61	0.93		0.98	RRMVX
TIMVX	0.89	0.91	-0.88	0.02	0.55	0.95	0.98		TIMVX
	ARSMX	FCPVX	RYCLX	CSCVX	ESCIX	FMCRX	RRMVX	TIMVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TIMVX	+ 0.98	RRMVX
FMCRX	+ 0.95	FCPVX
TIMVX	+ 0.95	FMCRX
RRMVX	+ 0.93	FMCRX
FCPVX	+ 0.91	ARSMX
RRMVX	+ 0.91	ARSMX

High negative correlations

RYCLX	- 0.98	FCPVX
FMCRX	- 0.94	RYCLX
TIMVX	- 0.88	RYCLX
RYCLX	- 0.87	ARSMX
RRMVX	- 0.86	RYCLX
ESCIX	- 0.44	RYCLX

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
ARSMX	0.71	(0.07)	0.00	0.76	0.00	0.00	1.17	(1.37)	3.08
FCPVX	0.87	(0.07)	0.00	(0.79)	0.00	0.00	1.79	(2.21)	4.29
RYCLX	0.88	0.11	0.09	(2.96)	0.98	(0.90)	2.30	(1.54)	5.13
CSCVX	0.43	(0.09)	0.00	1.80	0.00	0.00	0.97	(1.23)	4.53
ESCIX	0.75	(0.03)	0.00	(0.06)	0.00	0.00	1.87	(2.03)	4.56
FMCRX	0.85	(0.09)	0.00	(0.08)	0.00	0.00	1.46	(1.61)	4.06
RRMVX	0.73	(0.06)	0.00	(0.07)	0.00	0.00	1.27	(1.60)	3.46
TIMVX	0.77	(0.06)	0.00	(0.06)	0.00	0.00	1.41	(1.75)	3.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC