Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Large
MKVCX Fund  USD 16.30  0.29  1.81%   
The current 90-days correlation between Mfs International Large and Multisector Bond Sma is 0.46 (i.e., Very weak 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 Large and DJI is 0.62 (i.e., Poor 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 main economic indicators.

Moving together with Mfs Mutual Fund

  0.96LFTJX Mfs Lifetime 2065PairCorr
  0.95UIVCX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.96OTCIX Mfs Mid CapPairCorr
  0.96OTCJX Mfs Mid CapPairCorr
  0.96OTCKX Mfs Mid CapPairCorr
  0.99MKVBX Mfs International LargePairCorr
  0.96OTCGX Mfs Mid CapPairCorr
  1.0MKVFX Mfs International LargePairCorr
  1.0MKVEX Mfs International LargePairCorr
  1.0MKVHX Mfs Series TrustPairCorr
  0.94BRKBX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX Mfs Mid CapPairCorr
  0.9EMLBX Mfs Emerging MarketsPairCorr
  0.91EMLAX Mfs Emerging MarketsPairCorr
  0.94BRKUX Mfs Blended ResearchPairCorr
  0.94BRKSX Mfs Blended ResearchPairCorr
  0.94BRKTX Mfs Blended ResearchPairCorr
  0.94BRKIX Mfs Blended ResearchPairCorr
  0.93DIFIX Mfs Diversified IncomePairCorr
  0.93DIFHX Mfs Diversified IncomePairCorr
  0.92EMLKX Mfs Emerging MarketsPairCorr
  0.93DIFGX Mfs Diversified IncomePairCorr
  0.91EMLIX Mfs Emerging MarketsPairCorr
  0.92DIFDX Mfs Diversified IncomePairCorr
  0.91EMLCX Mfs Emerging MarketsPairCorr
  0.91BRSBX Mfs Blended ResearchPairCorr
  0.91BRSYX Mfs Blended ResearchPairCorr
  0.93BRUNX Mfs Blended ResearchPairCorr
  0.94BRUMX Mfs Blended ResearchPairCorr
  0.94BRUJX Mfs Blended ResearchPairCorr
  0.93BRUEX Mfs Blended ResearchPairCorr

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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