Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Diversification
MDIKX Fund  USD 23.17  0.07  0.30%   
The current 90-days correlation between Mfs International and Shelton Emerging Markets is -0.09 (i.e., Good 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 0.44 (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 industry.

Moving together with Mfs Mutual Fund

  0.82FPPJX Mfs Prudent InvestorPairCorr
  0.83FPPQX Mfs Prudent InvestorPairCorr
  0.85FPPRX Mfs Prudent InvestorPairCorr
  0.84FPPSX Mfs Prudent InvestorPairCorr
  0.83FPPUX Mfs Prudent InvestorPairCorr
  0.83FPPVX Mfs Prudent InvestorPairCorr
  0.89MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.9MKVGX Mfs International LargePairCorr
  0.9MKVFX Mfs International LargePairCorr
  0.89MKVEX Mfs International LargePairCorr
  0.89MKVDX Mfs International LargePairCorr
  0.89MKVIX Mfs International LargePairCorr
  0.9MKVHX Mfs Series TrustPairCorr
  0.73BRKBX Mfs Blended ResearchPairCorr
  0.73BRKCX Mfs Blended ResearchPairCorr
  0.72BRKAX 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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