Mfs International Correlations

MDIFX Fund

USD 23.16 0.01 0.04%

The current 90-days correlation between Mfs International and Intermediate Term Tax Free Bond is 0.27 (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

Average diversification

The correlation between Mfs International Diversificat and DJI is 0.12 (i.e., Average 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 census.

Moving together with Mfs Mutual Fund

0.7	LFTFX	Mfs Lifetime 2065	Pair Corr
0.71	LFTJX	Mfs Lifetime 2065	Pair Corr
0.71	LFTGX	Mfs Lifetime 2065	Pair Corr
0.69	LFTHX	Mfs Lifetime 2065	Pair Corr
0.63	LFTMX	Mfs Lifetime 2065	Pair Corr
0.63	LFTNX	Mfs Lifetime 2065	Pair Corr
0.65	LFTKX	Mfs Lifetime 2065	Pair Corr
0.64	LFTLX	Mfs Lifetime 2065	Pair Corr
0.88	MKVCX	Mfs International Large	Pair Corr
0.88	MKVBX	Mfs International Large	Pair Corr
0.88	MKVGX	Mfs International Large	Pair Corr
0.88	MKVFX	Mfs International Large	Pair Corr
0.88	MKVEX	Mfs International Large	Pair Corr
0.88	MKVDX	Mfs International Large	Pair Corr
0.88	MKVIX	Mfs International Large	Pair Corr
0.88	MKVHX	Mfs Series Trust	Pair Corr
0.85	BRKBX	Mfs Blended Research	Pair Corr
0.85	BRKCX	Mfs Blended Research	Pair Corr
0.84	BRKAX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	TWTCX	MDMTX	ABNCX	ANAGX	FMFXX	MBSAX	VCORX
TWTCX		0.97	0.66	0.86	0.06	0.72	0.8	TWTCX
MDMTX	0.97		0.61	0.85	0.19	0.8	0.74	MDMTX
ABNCX	0.66	0.61		0.63	-0.16	0.44	0.76	ABNCX
ANAGX	0.86	0.85	0.63		0.25	0.76	0.91	ANAGX
FMFXX	0.06	0.19	-0.16	0.25		0.51	-0.09	FMFXX
MBSAX	0.72	0.8	0.44	0.76	0.51		0.58	MBSAX
VCORX	0.8	0.74	0.76	0.91	-0.09	0.58		VCORX
	TWTCX	MDMTX	ABNCX	ANAGX	FMFXX	MBSAX	VCORX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MDMTX	+ 0.97	TWTCX
VCORX	+ 0.91	ANAGX
ANAGX	+ 0.86	TWTCX
ANAGX	+ 0.85	MDMTX
VCORX	+ 0.8	TWTCX
MBSAX	+ 0.8	MDMTX

High negative correlations

FMFXX	- 0.16	ABNCX
VCORX	- 0.09	FMFXX

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
TWTCX	0.14	(0.01)	(0.23)	(0.08)	0.20	(0.20)	0.28	(0.28)	1.31
MDMTX	0.20	0.00	(0.16)	0.13	0.24	(0.27)	0.48	(0.56)	1.72
ABNCX	0.14	(0.01)	(0.41)	(0.23)	0.16	(0.17)	0.20	(0.30)	0.70
ANAGX	0.17	(0.01)	(0.36)	(0.71)	0.17	(0.27)	0.44	(0.29)	1.16
FMFXX	0.03	0.01	0.00	(0.95)	0.00	0.00	0.00	0.00	1.01
MBSAX	0.20	0.01	(0.21)	0.46	0.23	(0.22)	0.52	(0.45)	1.55
VCORX	0.24	(0.01)	0.00	(1.05)	0.00	0.00	0.56	(0.56)	1.36

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