Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVQX Fund  USD 13.23  0.04  0.30%   
The current 90-days correlation between Mfs Intrinsic Value and Nuveen Nebraska Municipal is 0.01 (i.e., Significant 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

Very poor diversification

The correlation between Mfs Intrinsic Value and DJI is 0.87 (i.e., Very poor 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 employment.

Moving together with Mfs Mutual Fund

  0.77LFTFX Mfs Lifetime 2065PairCorr
  0.94LFTJX Mfs Lifetime 2065PairCorr
  0.95LFTGX Mfs Lifetime 2065PairCorr
  0.77LFTHX Mfs Lifetime 2065PairCorr
  0.77LFTMX Mfs Lifetime 2065PairCorr
  0.77LFTNX Mfs Lifetime 2065PairCorr
  0.94LFTKX Mfs Lifetime 2065PairCorr
  0.77LFTLX Mfs Lifetime 2065PairCorr
  0.83HYPPX Mfs High YieldPairCorr
  1.0UIVIX Mfs Intrinsic ValuePairCorr
  1.0UIVCX Mfs Intrinsic ValuePairCorr
  1.0UIVPX Mfs Intrinsic ValuePairCorr
  1.0UIVNX Mfs Intrinsic ValuePairCorr
  0.82UIVMX Mfs Intrinsic ValuePairCorr
  1.0UIVVX Mfs Intrinsic ValuePairCorr
  1.0UIVRX Mfs Intrinsic ValuePairCorr
  0.85MKVCX Mfs International LargePairCorr
  0.85MKVBX Mfs International LargePairCorr
  0.68MKVGX Mfs International LargePairCorr
  0.85MKVFX Mfs International LargePairCorr
  0.85MKVEX Mfs International LargePairCorr
  0.85MKVDX Mfs International LargePairCorr
  0.68MKVIX Mfs International LargePairCorr
  0.85MKVHX Mfs Series TrustPairCorr
  0.7BRKBX Mfs Blended ResearchPairCorr
  0.76BRKCX Mfs Blended ResearchPairCorr
  0.82BRKAX Mfs Blended ResearchPairCorr
  0.79EMLBX Mfs Emerging MarketsPairCorr
  0.8EMLAX Mfs Emerging MarketsPairCorr
  0.82BRKUX Mfs Blended ResearchPairCorr
  0.75BRKVX Mfs Blended ResearchPairCorr

Related Correlations Analysis


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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