Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Diversification
MDIDX Fund  USD 26.50  0.04  0.15%   
The current 90-days correlation between Mfs International and Mfs Mid Cap is 0.65 (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

Poor diversification

The correlation between Mfs International Diversificat and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs International Diversificat 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 Diversification. 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

  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.95DIFIX Mfs Diversified IncomePairCorr
  0.95BRSTX Mfs Blended ResearchPairCorr
  0.99MNWTX Mfs Managed WealthPairCorr
  0.93NDVCX Mfs New DiscoveryPairCorr
  0.97MRGAX Mfs E EquityPairCorr
  0.98MAAFX Mfs Aggressive GrowthPairCorr
  0.98MTCCX Mfs TechnologyPairCorr
  0.97MTCIX Mfs TechnologyPairCorr
  0.99MDIZX Mfs InternationalPairCorr
  0.95MVCAX Mfs Mid CapPairCorr
  0.92MEDIX Mfs Emerging MarketsPairCorr
  0.96MEIKX Mfs Value FundPairCorr
  0.96MEIIX Mfs Value FundPairCorr
  0.97MEMCX Mfs Emerging MarketsPairCorr
  0.97MFEIX Mfs Growth FundPairCorr
  0.99MFJTX Mfs Lifetime 2060PairCorr
  0.99MFJUX Mfs Lifetime 2060PairCorr
  0.8MFIWX Mfs Income FundPairCorr
  0.98MFJAX Mfs Lifetime 2060PairCorr
  0.99MFJBX Mfs Lifetime 2060PairCorr
  0.98MGIAX Mfs International ValuePairCorr
  0.92MGLCX Mfs Global RealPairCorr
  0.93MGLAX Mfs Global RealPairCorr
  0.93MGLIX Mfs Global RealPairCorr
  0.99DVRKX Mfs Global AlternativePairCorr
  1.0MIDHX Mfs International NewPairCorr
  1.0MIDLX Mfs International NewPairCorr
  0.99MINJX Mfs International ValuePairCorr
  0.99VGTSX Vanguard Total InterPairCorr
  0.99VTIAX Vanguard Total InterPairCorr
  0.99VTSNX Vanguard Total InterPairCorr

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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