Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Diversification
MDIZX Fund  USD 23.78  0.11  0.46%   
The current 90-days correlation between Mfs International and Franklin Dynatech Fund is 0.47 (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

Weak diversification

The correlation between Mfs International Diversificat and DJI is 0.33 (i.e., 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 nation.

Moving together with Mfs Mutual Fund

  0.74LFTFX Mfs Lifetime 2065PairCorr
  0.75LFTJX Mfs Lifetime 2065PairCorr
  0.75LFTGX Mfs Lifetime 2065PairCorr
  0.74LFTHX Mfs Lifetime 2065PairCorr
  0.75LFTKX Mfs Lifetime 2065PairCorr
  0.68UIVCX Mfs Intrinsic ValuePairCorr
  0.67UIVPX Mfs Intrinsic ValuePairCorr
  0.67UIVQX Mfs Intrinsic ValuePairCorr
  0.68UIVMX Mfs Intrinsic ValuePairCorr
  0.67UIVVX Mfs Intrinsic ValuePairCorr
  0.67UIVRX Mfs Intrinsic ValuePairCorr
  0.92MKVCX Mfs International LargePairCorr
  0.92MKVDX Mfs International LargePairCorr
  0.93MKVIX Mfs International LargePairCorr
  0.88BRKBX Mfs Blended ResearchPairCorr
  0.88BRKCX Mfs Blended ResearchPairCorr
  0.88BRKAX Mfs Blended ResearchPairCorr
  0.94EMLBX Mfs Emerging MarketsPairCorr
  0.95EMLAX Mfs Emerging MarketsPairCorr
  0.88BRKUX Mfs Blended ResearchPairCorr
  0.87BRKIX Mfs Blended ResearchPairCorr
  0.94EMLNX Mfs Emerging MarketsPairCorr
  0.81DIFIX Mfs Diversified IncomePairCorr
  0.94EMLMX Mfs Emerging MarketsPairCorr
  0.95EMLLX Mfs Emerging MarketsPairCorr
  0.81DIFHX Mfs Diversified IncomePairCorr
  0.95EMLKX Mfs Emerging MarketsPairCorr
  0.94EMLIX Mfs Emerging MarketsPairCorr

Related Correlations Analysis

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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   
PTRQX
+ 1.0
JHBSX
OIEJX
+ 0.81
MFEKX
MFEKX
+ 0.76
JHBSX
MFEKX
+ 0.76
PTRQX
OIEJX
+ 0.65
PTRQX
OIEJX
+ 0.63
JHBSX
  
High negative correlations   
OIEJX
- 0.21
FDTRX

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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