Mfs International Correlations

MWNIX Fund

USD 29.71 0.05 0.17%

The current 90-days correlation between Mfs International New and Needham Aggressive Growth is 0.08 (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

Modest diversification

The correlation between Mfs International New and DJI is 0.2 (i.e., Modest 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 gross domestic product.

Moving together with Mfs Mutual Fund

0.65	FPPJX	Mfs Prudent Investor	Pair Corr
0.65	FPPQX	Mfs Prudent Investor	Pair Corr
0.75	FPPRX	Mfs Prudent Investor	Pair Corr
0.64	FPPSX	Mfs Prudent Investor	Pair Corr
0.66	FPPUX	Mfs Prudent Investor	Pair Corr
0.66	FPPVX	Mfs Prudent Investor	Pair Corr
0.92	MKVCX	Mfs International Large	Pair Corr
0.92	MKVBX	Mfs International Large	Pair Corr
0.66	OTCGX	Mfs Mid Cap	Pair Corr
0.68	MKVGX	Mfs International Large	Pair Corr
0.92	MKVFX	Mfs International Large	Pair Corr
0.92	MKVEX	Mfs International Large	Pair Corr
0.92	MKVDX	Mfs International Large	Pair Corr
0.73	MKVIX	Mfs International Large	Pair Corr
0.92	MKVHX	Mfs Series Trust	Pair Corr
0.81	BRKBX	Mfs Blended Research	Pair Corr
0.79	BRKCX	Mfs Blended Research	Pair Corr
0.83	BRKAX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	NEAIX	TRBCX	PGRTX	FRAAX	MMDEX	TFAGX
NEAIX		0.73	0.57	0.52	0.77	0.86	NEAIX
TRBCX	0.73		0.27	0.28	0.99	0.93	TRBCX
PGRTX	0.57	0.27		0.93	0.3	0.54	PGRTX
FRAAX	0.52	0.28	0.93		0.33	0.49	FRAAX
MMDEX	0.77	0.99	0.3	0.33		0.94	MMDEX
TFAGX	0.86	0.93	0.54	0.49	0.94		TFAGX
	NEAIX	TRBCX	PGRTX	FRAAX	MMDEX	TFAGX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NEAIX	1.05	0.06	0.04	0.16	1.18	(1.16)	2.19	(1.59)	8.12
TRBCX	0.74	0.12	0.09	1.01	0.91	(0.73)	1.57	(1.50)	5.70
PGRTX	1.02	(0.06)	0.00	(0.37)	0.00	0.00	1.68	(1.84)	11.99
FRAAX	0.91	(0.06)	0.00	(0.30)	0.00	0.00	1.44	(2.52)	9.83
MMDEX	0.71	0.09	0.07	0.54	0.98	(0.71)	1.64	(1.59)	5.43
TFAGX	0.61	0.06	0.05	0.35	0.85	(0.66)	1.34	(1.32)	5.84

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Mfs International Correlations

Mfs International Correlation With Market

Modest diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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