Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Growth
MGRDX Fund  USD 48.00  0.09  0.19%   
The current 90-days correlation between Mfs International Growth and Barings High Yield is 0.26 (i.e., Modest 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 Growth and DJI is 0.55 (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 Growth 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 Growth. 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

  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.97UIVCX Mfs Intrinsic ValuePairCorr
  0.97UIVQX Mfs Intrinsic ValuePairCorr
  0.97UIVNX Mfs Intrinsic ValuePairCorr
  0.97UIVVX Mfs Intrinsic ValuePairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.99MKVBX Mfs International LargePairCorr
  0.99MKVFX Mfs International LargePairCorr
  0.99MKVIX Mfs International LargePairCorr
  0.96BRKBX Mfs Blended ResearchPairCorr
  0.96BRKCX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.92EMLBX Mfs Emerging MarketsPairCorr
  0.93EMLAX Mfs Emerging MarketsPairCorr
  0.96BRKUX Mfs Blended ResearchPairCorr
  0.96BRKVX Mfs Blended ResearchPairCorr
  0.96BRKTX Mfs Blended ResearchPairCorr
  0.96BRKIX Mfs Blended ResearchPairCorr
  0.93EMLNX Mfs Emerging MarketsPairCorr
  0.96DIFIX Mfs Diversified IncomePairCorr
  0.93EMLKX Mfs Emerging MarketsPairCorr
  0.96DIFGX Mfs Diversified IncomePairCorr
  0.93EMLIX Mfs Emerging MarketsPairCorr
  0.96DIFEX Mfs Diversified IncomePairCorr
  0.96DIFDX Mfs Diversified IncomePairCorr
  0.96DIFCX Mfs Diversified IncomePairCorr
  0.92EMLCX Mfs Emerging MarketsPairCorr
  0.94BRSTX Mfs Blended ResearchPairCorr
  0.94BRSDX Mfs Blended ResearchPairCorr
  0.96BRUMX Mfs Blended ResearchPairCorr
  0.96BRUHX Mfs Blended ResearchPairCorr
  0.96BRUEX Mfs Blended ResearchPairCorr
  0.96BRWTX 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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