Mfs International Correlations

MKVDX Fund

USD 16.35 0.29 1.81%

The current 90-days correlation between Mfs International Large and Nationwide Mutual Funds is -0.08 (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

Very weak diversification

The correlation between Mfs International Large and DJI is 0.42 (i.e., Very weak 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 unemployment.

Moving together with Mfs Mutual Fund

0.99	DOXFX	Dodge Cox International	Pair Corr
0.96	OANIX	Oakmark International	Pair Corr
0.98	DODFX	Dodge International Stock	Pair Corr
0.96	OAYIX	Oakmark International	Pair Corr
0.96	OAZIX	Oakmark International	Pair Corr
0.99	FINVX	Fidelity Series Inte	Pair Corr
0.96	VTRIX	Vanguard International	Pair Corr
0.98	RRIGX	T Rowe Price	Pair Corr
0.91	ERH	Allspring Utilities And	Pair Corr
0.83	WHIYX	Ivy High Income	Pair Corr
0.84	IVHIX	Ivy High Income	Pair Corr
0.84	IHIFX	Ivy High Income	Pair Corr
0.82	WRHIX	Ivy High Income	Pair Corr
0.83	WHIAX	Ivy High Income	Pair Corr
0.71	CSJZX	Cohen Steers Realty	Pair Corr
0.71	CSRSX	Cohen Steers Realty	Pair Corr
0.93	FDEGX	Fidelity Growth Stra	Pair Corr

Moving against Mfs Mutual Fund

0.5

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	NWSXX	PFCXX	SMAAX	QCMMIX	STSEX	FZDXX	APSXX
NWSXX		1.0	0.73	0.58	0.76	1.0	0.94	NWSXX
PFCXX	1.0		0.73	0.58	0.76	1.0	0.94	PFCXX
SMAAX	0.73	0.73		0.95	0.97	0.73	0.73	SMAAX
QCMMIX	0.58	0.58	0.95		0.94	0.58	0.61	QCMMIX
STSEX	0.76	0.76	0.97	0.94		0.76	0.77	STSEX
FZDXX	1.0	1.0	0.73	0.58	0.76		0.94	FZDXX
APSXX	0.94	0.94	0.73	0.61	0.77	0.94		APSXX
	NWSXX	PFCXX	SMAAX	QCMMIX	STSEX	FZDXX	APSXX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
NWSXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
PFCXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
SMAAX	0.10	0.02	(0.99)	4.68	0.00	(0.15)	0.21	(0.10)	0.61
QCMMIX	0.02	0.01	0.00	(4.64)	0.00	0.00	0.03	0.00	0.07
STSEX	0.56	0.05	0.00	0.28	0.24	(0.62)	1.60	(0.85)	3.33
FZDXX	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.01
APSXX	0.03	0.00	0.00	0.23	0.00	0.00	0.00	0.00	1.01

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

2025 Macroaxis LLC