Mfs International Correlations

MIDLX Fund

USD 34.47 0.02 0.06%

The current 90-days correlation between Mfs International New and Aew Real Estate is 0.53 (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

Very weak diversification

The correlation between Mfs International New and DJI is 0.41 (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 New 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 New. 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 bureau of economic analysis.

Moving together with Mfs Mutual Fund

0.99	OSMYX	Oppenheimer Intl Small	Pair Corr
0.99	OSCIX	Oppenheimer Intl Small	Pair Corr
0.99	OSMNX	Oppenheimer Intl Small	Pair Corr
0.99	TIDDX	T Rowe Price	Pair Corr
1.0	MIDGX	Mfs International New	Pair Corr
1.0	MIDHX	Mfs International New	Pair Corr
1.0	MIDRX	Mfs International New	Pair Corr
0.94	ERH	Allspring Utilities And	Pair Corr
0.9	WHIYX	Ivy High Income	Pair Corr
0.9	IVHIX	Ivy High Income	Pair Corr
0.9	IHIFX	Ivy High Income	Pair Corr
0.89	WRHIX	Ivy High Income	Pair Corr
0.9	WHIAX	Ivy High Income	Pair Corr
0.74	CSJZX	Cohen Steers Realty	Pair Corr
0.74	CSRSX	Cohen Steers Realty	Pair Corr
0.95	FDEGX	Fidelity Growth Stra	Pair Corr
0.71	IBM	International Business	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.63	CAT	Caterpillar	Pair Corr

Moving against Mfs Mutual Fund

0.61

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	NRCFX	DFREX	RRSCX	TRRSX	PNDIX	BREUX	CNREX
NRCFX		0.87	0.98	0.86	0.68	0.57	0.66	NRCFX
DFREX	0.87		0.92	0.99	0.63	0.71	0.7	DFREX
RRSCX	0.98	0.92		0.89	0.76	0.67	0.69	RRSCX
TRRSX	0.86	0.99	0.89		0.57	0.66	0.7	TRRSX
PNDIX	0.68	0.63	0.76	0.57		0.86	0.62	PNDIX
BREUX	0.57	0.71	0.67	0.66	0.86		0.81	BREUX
CNREX	0.66	0.7	0.69	0.7	0.62	0.81		CNREX
	NRCFX	DFREX	RRSCX	TRRSX	PNDIX	BREUX	CNREX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NRCFX	0.52	0.00	(0.15)	0.20	0.64	(0.56)	1.26	(1.05)	3.61
DFREX	0.56	(0.01)	(0.13)	0.19	0.79	(0.63)	1.35	(1.25)	4.29
RRSCX	0.49	0.01	(0.15)	0.24	0.60	(0.49)	1.21	(1.02)	3.34
TRRSX	0.58	(0.01)	(0.14)	0.19	0.75	(0.60)	1.35	(1.21)	4.31
PNDIX	0.04	0.02	0.00	3.59	0.00	0.00	0.10	0.00	0.20
BREUX	0.79	0.02	(0.01)	0.23	0.86	(0.87)	1.92	(1.64)	5.83
CNREX	0.66	0.02	(0.06)	0.23	0.75	(0.69)	1.61	(1.30)	3.89

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