Mfs Intrinsic Correlations

UIVMX Fund

USD 12.40 0.08 0.65%

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.

Mfs Intrinsic Correlation With Market

Almost no diversification

The correlation between Mfs Intrinsic Value and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Intrinsic Value and DJI in the same portfolio, assuming nothing else is changed.

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 signals in population.

Moving together with Mfs Mutual Fund

0.98	UIVCX	Mfs Intrinsic Value	Pair Corr
0.98	UIVQX	Mfs Intrinsic Value	Pair Corr
0.94	DIFIX	Mfs Diversified Income	Pair Corr
0.98	BRSTX	Mfs Blended Research	Pair Corr
0.97	NDVCX	Mfs New Discovery	Pair Corr
0.99	MRGAX	Mfs E Equity	Pair Corr
0.98	MAAFX	Mfs Aggressive Growth	Pair Corr
0.99	MTCCX	Mfs Technology	Pair Corr
0.98	MDIDX	Mfs International	Pair Corr
0.97	MDIZX	Mfs International	Pair Corr
0.99	MVCAX	Mfs Mid Cap	Pair Corr
0.91	MEDIX	Mfs Emerging Markets	Pair Corr
0.99	MEIKX	Mfs Value Fund	Pair Corr
0.97	MEMCX	Mfs Emerging Markets	Pair Corr
0.97	MFEIX	Mfs Growth Fund	Pair Corr
0.98	MFJTX	Mfs Lifetime 2060	Pair Corr
0.98	MFJUX	Mfs Lifetime 2060	Pair Corr
0.8	MFIWX	Mfs Income Fund	Pair Corr
0.97	MFJAX	Mfs Lifetime 2060	Pair Corr
0.97	MFJBX	Mfs Lifetime 2060	Pair Corr
0.91	MGLAX	Mfs Global Real	Pair Corr
0.91	MGLIX	Mfs Global Real	Pair Corr
0.98	DVRKX	Mfs Global Alternative	Pair Corr
0.97	MIDHX	Mfs International New	Pair Corr
0.97	MIDLX	Mfs International New	Pair Corr
0.97	MINJX	Mfs International Value	Pair Corr
0.98	FAFGX	American Funds	Pair Corr
0.98	FFAFX	American Funds	Pair Corr
0.98	GFACX	Growth Fund	Pair Corr
0.97	GFAFX	Growth Fund	Pair Corr
0.97	AGTHX	Growth Fund	Pair Corr
0.98	CGFFX	Growth Fund	Pair Corr
0.97	CGFCX	Growth Fund	Pair Corr
0.97	CGFAX	Growth Fund	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	FPPJX
FPPQX	1.0		1.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	FPPQX
FPPRX	1.0	1.0		1.0	0.0	0.0	0.0	0.0	0.0	0.0	FPPRX
FPPSX	1.0	1.0	1.0		0.0	0.0	0.0	0.0	0.0	0.0	FPPSX
FPPUX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FPPUX
FPPVX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FPPVX
LFTFX	0.0	0.0	0.0	0.0	0.0	0.0		1.0	1.0	1.0	LFTFX
LFTJX	0.0	0.0	0.0	0.0	0.0	0.0	1.0		1.0	1.0	LFTJX
LFTGX	0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0		1.0	LFTGX
LFTHX	0.0	0.0	0.0	0.0	0.0	0.0	1.0	1.0	1.0		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

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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

FPPQX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPJX
FPPSX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPQX
FPPSX	+ 1.0	FPPQX
FPPSX	+ 1.0	FPPRX

High negative correlations

LFTHX	- 0.0	FPPVX
LFTGX	- 0.0	FPPVX
LFTJX	- 0.0	FPPVX
LFTFX	- 0.0	FPPVX
LFTHX	- 0.0	FPPUX
LFTGX	- 0.0	FPPUX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FPPJX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPQX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPSX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPUX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LFTFX	0.47	0.22	0.10	(2.13)	0.25	(0.55)	1.42	(0.95)	3.42
LFTJX	0.47	0.21	0.09	(2.17)	0.28	(0.55)	1.46	(1.05)	3.43
LFTGX	0.47	0.21	0.09	(2.23)	0.26	(0.55)	1.46	(1.05)	3.45
LFTHX	0.46	0.22	0.10	(2.30)	0.26	(0.57)	1.45	(0.94)	3.35

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