Mfs International Correlations

MKVCX Fund

USD 13.91 0.01 0.07%

The current 90-days correlation between Mfs International Large and Gmo High Yield is 0.56 (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 Large and DJI is 0.48 (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 Large 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 Large. 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 main economic indicators.

Moving together with Mfs Mutual Fund

0.7	FPPJX	Mfs Prudent Investor	Pair Corr
0.72	FPPQX	Mfs Prudent Investor	Pair Corr
0.75	FPPRX	Mfs Prudent Investor	Pair Corr
0.73	FPPSX	Mfs Prudent Investor	Pair Corr
0.71	FPPUX	Mfs Prudent Investor	Pair Corr
0.71	FPPVX	Mfs Prudent Investor	Pair Corr
1.0	MKVGX	Mfs International Large	Pair Corr
1.0	MKVHX	Mfs Series Trust	Pair Corr
0.87	EMLAX	Mfs Emerging Markets	Pair Corr
0.86	EMLNX	Mfs Emerging Markets	Pair Corr
0.78	DIFIX	Mfs Diversified Income	Pair Corr
0.86	EMLMX	Mfs Emerging Markets	Pair Corr
0.78	DIFGX	Mfs Diversified Income	Pair Corr
0.79	DIFFX	Mfs Diversified Income	Pair Corr
0.73	DIFEX	Mfs Diversified Income	Pair Corr
0.75	DIFDX	Mfs Diversified Income	Pair Corr
0.75	DIFCX	Mfs Diversified Income	Pair Corr
0.73	DIFAX	Mfs Diversified Income	Pair Corr
0.87	EMLCX	Mfs Emerging Markets	Pair Corr

Moving against Mfs Mutual Fund

0.36	OTCJX	Mfs Mid Cap	Pair Corr
0.33	OTCIX	Mfs Mid Cap	Pair Corr
0.33	OTCKX	Mfs Mid Cap	Pair Corr
0.33	OTCAX	Mfs Mid Cap	Pair Corr
0.38	BRWUX	Mfs Blended Research	Pair Corr
0.38	BRWBX	Mfs Blended Research	Pair Corr
0.38	BRWCX	Mfs Blended Research	Pair Corr
0.38	BRWAX	Mfs Blended Research	Pair Corr
0.31	BRSUX	Mfs Blended Research	Pair Corr
0.31	BRSJX	Mfs Blended Research	Pair Corr
0.31	BRSDX	Mfs Blended Research	Pair Corr
0.31	BRUNX	Mfs Blended Research	Pair Corr
0.31	BRUDX	Mfs Blended Research	Pair Corr

Related Correlations Analysis

	GMOZX	PHYSX	FAGIX	PHDTX	MRHYX	PYICX	PGHCX	PHIAX
GMOZX		0.85	0.75	0.92	0.9	0.95	0.9	0.89	GMOZX
PHYSX	0.85		0.95	0.96	0.97	0.84	0.92	0.95	PHYSX
FAGIX	0.75	0.95		0.92	0.91	0.72	0.86	0.92	FAGIX
PHDTX	0.92	0.96	0.92		0.97	0.9	0.95	0.98	PHDTX
MRHYX	0.9	0.97	0.91	0.97		0.9	0.96	0.97	MRHYX
PYICX	0.95	0.84	0.72	0.9	0.9		0.93	0.88	PYICX
PGHCX	0.9	0.92	0.86	0.95	0.96	0.93		0.96	PGHCX
PHIAX	0.89	0.95	0.92	0.98	0.97	0.88	0.96		PHIAX
	GMOZX	PHYSX	FAGIX	PHDTX	MRHYX	PYICX	PGHCX	PHIAX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMOZX	0.13	0.00	(0.41)	0.14	(0.18)	0.28	(0.33)	0.90
PHYSX	0.11	0.02	(0.44)	0.35	(0.17)	0.22	(0.22)	0.78
FAGIX	0.20	0.05	(0.16)	9.91	(0.27)	0.41	(0.30)	1.21
PHDTX	0.10	0.01	(0.43)	0.31	(0.16)	0.23	(0.22)	0.56
MRHYX	0.09	0.03	(0.50)	23.31	(0.14)	0.23	(0.12)	0.59
PYICX	0.11	0.01	(0.49)	0.25	(0.17)	0.22	(0.22)	0.78
PGHCX	0.13	0.03	(0.25)	(1.04)	(0.34)	0.53	(0.26)	0.80
PHIAX	0.09	0.00	(0.48)	0.00	(0.15)	0.23	(0.23)	0.57

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