Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Value
MGIAX Fund  USD 42.20  0.10  0.24%   
The current 90-days correlation between Mfs International Value and Fznopx is 0.79 (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

Significant diversification

The correlation between Mfs International Value and DJI is 0.02 (i.e., Significant 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 nation.

Moving together with Mfs Mutual Fund

  0.96LFTFX Mfs Lifetime 2065PairCorr
  0.96LFTJX Mfs Lifetime 2065PairCorr
  0.96LFTGX Mfs Lifetime 2065PairCorr
  0.96LFTHX Mfs Lifetime 2065PairCorr
  0.96LFTMX Mfs Lifetime 2065PairCorr
  0.96LFTNX Mfs Lifetime 2065PairCorr
  0.96LFTKX Mfs Lifetime 2065PairCorr
  0.96LFTLX Mfs Lifetime 2065PairCorr
  0.91HYPPX Mfs High YieldPairCorr
  0.95UIVIX Mfs Intrinsic ValuePairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  0.9UIVPX Mfs Intrinsic ValuePairCorr
  0.95UIVQX Mfs Intrinsic ValuePairCorr
  0.94UIVNX Mfs Intrinsic ValuePairCorr
  0.94UIVMX Mfs Intrinsic ValuePairCorr
  0.95UIVVX Mfs Intrinsic ValuePairCorr
  0.95OTCHX Mfs Mid CapPairCorr
  0.9OTCIX Mfs Mid CapPairCorr
  0.95OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.96MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.9OTCGX Mfs Mid CapPairCorr
  0.96MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  0.96MKVEX Mfs International LargePairCorr
  0.96MKVDX Mfs International LargePairCorr
  0.96MKVIX Mfs International LargePairCorr
  0.96MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.95BRKAX Mfs Blended ResearchPairCorr
  0.95OTCAX Mfs Mid CapPairCorr
  0.9OTCBX Mfs Mid CapPairCorr

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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