Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Value
MINIX Fund  USD 47.41  0.10  0.21%   
The current 90-days correlation between Mfs International Value and Inflation Protected Bond Fund is -0.18 (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

Poor diversification

The correlation between Mfs International Value and DJI is 0.61 (i.e., Poor 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

  0.96LFTFX Mfs Lifetime 2065PairCorr
  0.96LFTJX Mfs Lifetime 2065PairCorr
  0.96LFTHX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.95UIVRX Mfs Intrinsic ValuePairCorr
  0.95OTCHX Mfs Mid CapPairCorr
  0.95OTCIX Mfs Mid CapPairCorr
  0.95OTCJX Mfs Mid CapPairCorr
  0.95OTCKX Mfs Mid CapPairCorr
  1.0MKVCX Mfs International LargePairCorr
  0.97MKVBX Mfs International LargePairCorr
  0.95OTCGX Mfs Mid CapPairCorr
  1.0MKVFX Mfs International LargePairCorr
  1.0MKVEX Mfs International LargePairCorr
  1.0MKVDX Mfs International LargePairCorr
  1.0MKVHX Mfs Series TrustPairCorr
  0.93BRKBX Mfs Blended ResearchPairCorr
  0.93BRKCX Mfs Blended ResearchPairCorr
  0.93BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX Mfs Mid CapPairCorr
  0.95OTCCX Mfs Mid CapPairCorr
  0.89EMLBX Mfs Emerging MarketsPairCorr
  0.9EMLAX Mfs Emerging MarketsPairCorr
  0.93BRKUX Mfs Blended ResearchPairCorr
  0.93BRKSX Mfs Blended ResearchPairCorr
  0.93BRKTX Mfs Blended ResearchPairCorr
  0.93BRKIX Mfs Blended ResearchPairCorr
  0.9EMLNX Mfs Emerging MarketsPairCorr
  0.92DIFIX Mfs Diversified IncomePairCorr
  0.92DIFHX Mfs Diversified IncomePairCorr
  0.9EMLKX Mfs Emerging MarketsPairCorr

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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