Mfs International Correlations

Mutual Funds . USA . 
Fund . Mfs International Large
MKVIX Fund  USD 16.76  0.07  0.42%   
The current 90-days correlation between Mfs International Large and Massmutual Premier Diversified is 0.04 (i.e., Significant 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

Poor diversification

The correlation between Mfs International Large and DJI is 0.71 (i.e., Poor 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 gross domestic product.

Moving together with Mfs Mutual Fund

  0.85LFTJX Mfs Lifetime 2065PairCorr
  0.85LFTGX Mfs Lifetime 2065PairCorr
  0.85LFTHX Mfs Lifetime 2065PairCorr
  0.85LFTNX Mfs Lifetime 2065PairCorr
  0.85LFTKX Mfs Lifetime 2065PairCorr
  0.86HYPPX Mfs High YieldPairCorr
  0.88UIVIX Mfs Intrinsic ValuePairCorr
  0.82UIVCX Mfs Intrinsic ValuePairCorr
  0.82UIVQX Mfs Intrinsic ValuePairCorr
  0.82UIVNX Mfs Intrinsic ValuePairCorr
  0.82UIVMX Mfs Intrinsic ValuePairCorr
  0.82UIVVX Mfs Intrinsic ValuePairCorr
  0.88UIVRX Mfs Intrinsic ValuePairCorr
  0.7OTCHX Mfs Mid CapPairCorr
  0.7OTCIX Mfs Mid CapPairCorr
  0.7OTCJX Mfs Mid CapPairCorr
  0.7OTCKX Mfs Mid CapPairCorr
  1.0MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.68OTCGX Mfs Mid CapPairCorr
  1.0MKVGX Mfs International LargePairCorr
  0.96MKVFX Mfs International LargePairCorr
  1.0MKVEX Mfs International LargePairCorr
  1.0MKVHX Mfs Series TrustPairCorr
  0.83BRKBX Mfs Blended ResearchPairCorr
  0.85BRKCX Mfs Blended ResearchPairCorr
  0.82BRKAX Mfs Blended ResearchPairCorr
  0.67OTCAX Mfs Mid CapPairCorr
  0.66OTCBX Mfs Mid CapPairCorr
  0.68OTCCX Mfs Mid CapPairCorr
  0.85EMLBX Mfs Emerging MarketsPairCorr
  0.84EMLAX Mfs Emerging MarketsPairCorr
  0.85BRKUX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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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