Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVQX Fund  USD 12.68  0.09  0.70%   
The current 90-days correlation between Mfs Intrinsic Value and Transamerica High Yield is 0.11 (i.e., Average 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

Almost no diversification

The correlation between Mfs Intrinsic Value and DJI is 0.96 (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 producer price index.

Moving together with Mfs Mutual Fund

  1.0UIVCX Mfs Intrinsic ValuePairCorr
  0.97DIFIX Mfs Diversified IncomePairCorr
  0.99BRSTX Mfs Blended ResearchPairCorr
  0.98NDVCX Mfs New DiscoveryPairCorr
  1.0MRGAX Mfs E EquityPairCorr
  1.0MAAFX Mfs Aggressive GrowthPairCorr
  0.99MTCCX Mfs TechnologyPairCorr
  0.97MDIDX Mfs InternationalPairCorr
  0.97MDIZX Mfs InternationalPairCorr
  0.99MVCAX Mfs Mid CapPairCorr
  0.91MEDIX Mfs Emerging MarketsPairCorr
  0.99MEIKX Mfs Value FundPairCorr
  0.98MEMCX Mfs Emerging MarketsPairCorr
  0.99MFEIX Mfs Growth FundPairCorr
  1.0MFJTX Mfs Lifetime 2060PairCorr
  1.0MFJUX Mfs Lifetime 2060PairCorr
  0.78MFIWX Mfs Income FundPairCorr
  1.0MFJAX Mfs Lifetime 2060PairCorr
  1.0MFJBX Mfs Lifetime 2060PairCorr
  0.92MGLAX Mfs Global RealPairCorr
  0.92MGLIX Mfs Global RealPairCorr
  0.98DVRKX Mfs Global AlternativePairCorr
  0.96MIDHX Mfs International NewPairCorr
  0.96MIDLX Mfs International NewPairCorr
  0.97MINJX Mfs International ValuePairCorr
  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

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY