Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVNX Fund  USD 12.58  0.09  0.72%   
The current 90-days correlation between Mfs Intrinsic Value and Cref Money Market is -0.03 (i.e., Good 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.

Mfs Intrinsic Correlation With Market

Good diversification

The correlation between Mfs Intrinsic Value and DJI is -0.1 (i.e., Good 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 board of governors.

Moving together with Mfs Mutual Fund

  0.78UIVCX Mfs Intrinsic ValuePairCorr
  0.78UIVQX Mfs Intrinsic ValuePairCorr
  0.72DIFIX Mfs Diversified IncomePairCorr
  0.76BRSTX Mfs Blended ResearchPairCorr
  0.96NDVCX Mfs New DiscoveryPairCorr
  0.99MRGAX Mfs E EquityPairCorr
  0.99MAAFX Mfs Aggressive GrowthPairCorr
  0.79MTCCX Mfs TechnologyPairCorr
  0.72MDIZX Mfs InternationalPairCorr
  0.98MVCAX Mfs Mid CapPairCorr
  0.72MEDIX Mfs Emerging MarketsPairCorr
  0.77MEIKX Mfs Value FundPairCorr
  0.74MEMCX Mfs Emerging MarketsPairCorr
  0.79MFEIX Mfs Growth FundPairCorr
  0.77MFJTX Mfs Lifetime 2060PairCorr
  0.77MFJUX Mfs Lifetime 2060PairCorr
  0.62MFIWX Mfs Income FundPairCorr
  0.77MFJAX Mfs Lifetime 2060PairCorr
  0.77MFJBX Mfs Lifetime 2060PairCorr
  0.89MGLAX Mfs Global RealPairCorr
  0.61MGLIX Mfs Global RealPairCorr
  0.97DVRKX Mfs Global AlternativePairCorr
  0.96MIDHX Mfs International NewPairCorr
  0.96MIDLX Mfs International NewPairCorr
  0.72MINJX Mfs International ValuePairCorr
  0.78FAFGX American FundsPairCorr
  0.78FFAFX American FundsPairCorr
  0.78GFACX Growth FundPairCorr
  0.78GFAFX Growth FundPairCorr
  0.78AGTHX Growth FundPairCorr
  0.78CGFFX Growth FundPairCorr
  0.78CGFCX Growth FundPairCorr
  0.78CGFAX Growth FundPairCorr
  0.78CGFEX Growth FundPairCorr

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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