Mfs International Correlations

MINJX Fund

USD 43.86 0.09 0.20%

The current 90-days correlation between Mfs International Value and United Kingdom Small is 0.63 (i.e., 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

Good diversification

The correlation between Mfs International Value and DJI is -0.16 (i.e., Good 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 inflation.

Moving together with Mfs Mutual Fund

0.96	LFTFX	Mfs Lifetime 2065	Pair Corr
0.96	LFTHX	Mfs Lifetime 2065	Pair Corr
0.89	HYPPX	Mfs High Yield	Pair Corr
0.96	UIVPX	Mfs Intrinsic Value	Pair Corr
0.97	UIVRX	Mfs Intrinsic Value	Pair Corr
0.96	OTCHX	Mfs Mid Cap	Pair Corr
0.96	OTCJX	Mfs Mid Cap	Pair Corr
1.0	MKVEX	Mfs International Large	Pair Corr
1.0	MKVDX	Mfs International Large	Pair Corr
1.0	MKVHX	Mfs Series Trust	Pair Corr
0.94	BRKCX	Mfs Blended Research	Pair Corr
0.96	OTCCX	Mfs Mid Cap	Pair Corr
0.9	EMLAX	Mfs Emerging Markets	Pair Corr
0.94	BRKUX	Mfs Blended Research	Pair Corr
0.94	BRKSX	Mfs Blended Research	Pair Corr
0.94	BRKTX	Mfs Blended Research	Pair Corr
0.9	EMLNX	Mfs Emerging Markets	Pair Corr
0.93	DIFHX	Mfs Diversified Income	Pair Corr
0.89	EMLJX	Mfs Emerging Markets	Pair Corr
0.93	DIFEX	Mfs Diversified Income	Pair Corr
0.92	DIFCX	Mfs Diversified Income	Pair Corr
0.92	DIFAX	Mfs Diversified Income	Pair Corr
0.89	EMLCX	Mfs Emerging Markets	Pair Corr
0.91	BRSPX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	DFUKX	HIISX	OWSMX	XWDIX	LMBMX	QUAIX	VSTCX	ASCGX
DFUKX		0.84	0.95	0.81	0.82	0.92	0.88	0.92	DFUKX
HIISX	0.84		0.87	0.83	0.96	0.86	0.85	0.86	HIISX
OWSMX	0.95	0.87		0.91	0.86	0.98	0.98	0.98	OWSMX
XWDIX	0.81	0.83	0.91		0.79	0.89	0.91	0.92	XWDIX
LMBMX	0.82	0.96	0.86	0.79		0.87	0.86	0.86	LMBMX
QUAIX	0.92	0.86	0.98	0.89	0.87		0.98	0.99	QUAIX
VSTCX	0.88	0.85	0.98	0.91	0.86	0.98		0.97	VSTCX
ASCGX	0.92	0.86	0.98	0.92	0.86	0.99	0.97		ASCGX
	DFUKX	HIISX	OWSMX	XWDIX	LMBMX	QUAIX	VSTCX	ASCGX

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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
DFUKX	0.58	0.22	(0.02)	(10.17)	0.64	(0.65)	1.52	(1.25)	4.26
HIISX	0.55	0.13	(0.04)	0.66	0.22	(0.64)	1.43	(0.94)	2.84
OWSMX	0.40	0.21	(0.05)	(5.07)	0.31	(0.47)	1.18	(0.84)	3.06
XWDIX	0.17	0.05	(0.49)	(3.35)	0.12	(0.21)	0.40	(0.28)	1.58
LMBMX	0.78	0.05	0.00	0.29	0.73	(0.90)	1.81	(1.43)	5.59
QUAIX	0.87	0.27	0.01	(1.78)	0.68	(1.03)	1.99	(1.41)	6.51
VSTCX	0.84	0.28	0.03	(2.96)	0.78	(0.99)	1.85	(1.48)	6.40
ASCGX	0.90	0.32	0.06	(4.29)	0.77	(1.06)	1.95	(1.58)	5.87

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Mfs International Correlations

Mfs International Correlation With Market

Good diversification

Moving together with Mfs Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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