Mfs International Correlations

MDIFX Fund

USD 23.20 0.14 0.60%

The current 90-days correlation between Mfs International and Ab Small Cap is 0.51 (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 Diversificat and DJI is 0.43 (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 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

0.83	FPPJX	Mfs Prudent Investor	Pair Corr
0.83	FPPQX	Mfs Prudent Investor	Pair Corr
0.85	FPPRX	Mfs Prudent Investor	Pair Corr
0.84	FPPSX	Mfs Prudent Investor	Pair Corr
0.83	FPPUX	Mfs Prudent Investor	Pair Corr
0.83	FPPVX	Mfs Prudent Investor	Pair Corr
0.96	MKVDX	Mfs International Large	Pair Corr
0.97	MKVIX	Mfs International Large	Pair Corr
0.97	MKVHX	Mfs Series Trust	Pair Corr
0.73	BRKBX	Mfs Blended Research	Pair Corr
0.73	BRKCX	Mfs Blended Research	Pair Corr
0.72	BRKAX	Mfs Blended Research	Pair Corr
0.82	EMLBX	Mfs Emerging Markets	Pair Corr
0.8	EMLAX	Mfs Emerging Markets	Pair Corr
0.71	BRKUX	Mfs Blended Research	Pair Corr
0.72	BRKTX	Mfs Blended Research	Pair Corr
0.79	EMLNX	Mfs Emerging Markets	Pair Corr
0.82	EMLMX	Mfs Emerging Markets	Pair Corr
0.74	DIFHX	Mfs Diversified Income	Pair Corr
0.74	DIFFX	Mfs Diversified Income	Pair Corr

Moving against Mfs Mutual Fund

0.33	OTCIX	Mfs Mid Cap	Pair Corr
0.33	OTCKX	Mfs Mid Cap	Pair Corr
0.32	OTCHX	Mfs Mid Cap	Pair Corr
0.32	OTCJX	Mfs Mid Cap	Pair Corr
0.32	OTCGX	Mfs Mid Cap	Pair Corr
0.32	OTCAX	Mfs Mid Cap	Pair Corr
0.32	OTCBX	Mfs Mid Cap	Pair Corr
0.32	OTCCX	Mfs Mid Cap	Pair Corr
0.36	BRSUX	Mfs Blended Research	Pair Corr
0.36	BRSSX	Mfs Blended Research	Pair Corr
0.36	BRSJX	Mfs Blended Research	Pair Corr
0.36	BRSDX	Mfs Blended Research	Pair Corr
0.35	BRSPX	Mfs Blended Research	Pair Corr
0.35	BRSBX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	QUAIX	ANORX	TVOYX	CIPNX	GMAWX	QUAKX	AATSX
QUAIX		0.98	0.94	0.86	0.89	1.0	0.95	QUAIX
ANORX	0.98		0.98	0.92	0.87	0.98	0.98	ANORX
TVOYX	0.94	0.98		0.96	0.86	0.94	0.99	TVOYX
CIPNX	0.86	0.92	0.96		0.77	0.86	0.95	CIPNX
GMAWX	0.89	0.87	0.86	0.77		0.89	0.84	GMAWX
QUAKX	1.0	0.98	0.94	0.86	0.89		0.95	QUAKX
AATSX	0.95	0.98	0.99	0.95	0.84	0.95		AATSX
	QUAIX	ANORX	TVOYX	CIPNX	GMAWX	QUAKX	AATSX

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
QUAIX	0.93	0.01	0.05	0.13	1.02	(1.00)	1.92	(2.14)	6.76
ANORX	0.86	(0.02)	0.02	0.11	0.89	(0.95)	2.01	(1.48)	6.17
TVOYX	0.80	(0.02)	0.02	0.11	0.68	(0.96)	1.70	(1.42)	6.73
CIPNX	0.83	(0.01)	0.03	0.11	0.88	(0.88)	1.72	(1.65)	7.22
GMAWX	0.81	0.10	0.00	0.74	0.87	(0.90)	1.82	(1.58)	6.60
QUAKX	0.93	0.01	0.05	0.13	1.03	(0.97)	1.92	(2.15)	6.77
AATSX	0.80	0.03	0.06	0.15	0.75	(0.89)	2.10	(1.37)	4.86

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