Mfs Intrinsic Correlations

Mutual Funds USA . 
Fund . Mfs Intrinsic Value
UIVCX Fund  USD 12.46  0.08  0.64%   
The current 90-days correlation between Mfs Intrinsic Value and Ab Small Cap is 0.84 (i.e., Very poor diversification). The correlation of Mfs Intrinsic 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.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Mfs Intrinsic Value. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mfs Mutual Fund

  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.96SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.92TTEEX T Rowe PricePairCorr
  0.93TREMX T Rowe PricePairCorr
  0.97FIKGX Fidelity Advisor SemPairCorr
  0.97ONERX One Rock FundPairCorr
  0.99RMQAX Monthly RebalancePairCorr
  0.99RMQHX Monthly RebalancePairCorr
  0.99RMQCX Monthly RebalancePairCorr
  0.97FELCX Fidelity Advisor SemPairCorr
  0.61T ATT IncPairCorr
  0.69BAC Bank of America Earnings Call This WeekPairCorr
  0.67CVX Chevron CorpPairCorr
  0.68GE GE AerospacePairCorr
  0.98MSFT MicrosoftPairCorr
  0.7AA Alcoa Corp Earnings Call This WeekPairCorr
  0.74CSCO Cisco SystemsPairCorr
  0.96CAT CaterpillarPairCorr
  0.95JPM JPMorgan Chase Earnings Call This WeekPairCorr

Moving against Mfs Mutual Fund

  0.6MCD McDonaldsPairCorr
  0.53KO Coca Cola Earnings Call Next WeekPairCorr
  0.46PG Procter GamblePairCorr
  0.31VZ Verizon Communications Earnings Call Next WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Mfs Mutual Fund performing well and Mfs Intrinsic 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 Intrinsic'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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