Mfs International Correlations

MIDHX Fund

USD 28.52 0.16 0.56%

The current 90-days correlation between Mfs International New and Wealthbuilder Conservative Allocation is 0.16 (i.e., Average 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 New and DJI is 0.32 (i.e., 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 rate.

Moving together with Mfs Mutual Fund

0.61	LFTFX	Mfs Lifetime 2065	Pair Corr
0.64	LFTJX	Mfs Lifetime 2065	Pair Corr
0.64	LFTGX	Mfs Lifetime 2065	Pair Corr
0.61	LFTMX	Mfs Lifetime 2065	Pair Corr
0.62	LFTKX	Mfs Lifetime 2065	Pair Corr
0.74	OTCHX	Mfs Mid Cap	Pair Corr
0.71	OTCIX	Mfs Mid Cap	Pair Corr
0.72	OTCJX	Mfs Mid Cap	Pair Corr
0.7	OTCKX	Mfs Mid Cap	Pair Corr
0.87	MKVCX	Mfs International Large	Pair Corr
0.86	MKVBX	Mfs International Large	Pair Corr
0.81	OTCGX	Mfs Mid Cap	Pair Corr
0.86	MKVGX	Mfs International Large	Pair Corr
0.86	MKVFX	Mfs International Large	Pair Corr
0.86	MKVEX	Mfs International Large	Pair Corr
0.87	MKVDX	Mfs International Large	Pair Corr
0.86	MKVIX	Mfs International Large	Pair Corr
0.86	MKVHX	Mfs Series Trust	Pair Corr
0.61	BRKBX	Mfs Blended Research	Pair Corr
0.61	BRKCX	Mfs Blended Research	Pair Corr
0.74	OTCAX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.37

HYPPX

Mfs High Yield

Pair Corr

Related Correlations Analysis

	WCAFX	TLSHX	XACVX	PDAAX	BICPX
WCAFX		0.79	0.74	0.79	0.85	WCAFX
TLSHX	0.79		0.68	0.76	0.98	TLSHX
XACVX	0.74	0.68		0.83	0.7	XACVX
PDAAX	0.79	0.76	0.83		0.79	PDAAX
BICPX	0.85	0.98	0.7	0.79		BICPX
	WCAFX	TLSHX	XACVX	PDAAX	BICPX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
WCAFX	0.25	(0.01)	0.00	(0.89)	0.00	0.00	0.57	(0.57)	2.16
TLSHX	0.26	0.00	(0.13)	0.05	0.35	(0.28)	0.55	(0.54)	1.95
XACVX	0.70	0.07	0.00	0.67	1.01	(0.73)	1.43	(1.48)	5.43
PDAAX	0.17	0.01	(0.22)	(1.52)	0.11	(0.26)	0.52	(0.31)	1.35
BICPX	0.23	0.00	(0.17)	0.05	0.27	(0.30)	0.54	(0.45)	1.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC