Mfs Intermediate Correlations

CIF Fund

USD 1.64 0.01 0.61%

The current 90-days correlation between Mfs Intermediate High and Voya Global Advantage is 0.81 (i.e., Very poor diversification). The correlation of Mfs Intermediate 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.

Mfs Intermediate Correlation With Market

Poor diversification

The correlation between Mfs Intermediate High and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mfs Intermediate High and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Mfs Intermediate High. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Mfs Fund

0.83	UTG	Reaves Utility If	Pair Corr
0.85	BTO	John Hancock Financial	Pair Corr
0.89	TWN	Taiwan Closed	Pair Corr
0.93	GDV	Gabelli Dividend Income	Pair Corr
0.73	RNP	Cohen Steers Reit	Pair Corr
0.9	DD	Dupont De Nemours	Pair Corr
0.82	AA	Alcoa Corp Downward Rally	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.76	AXP	American Express	Pair Corr
0.7	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.61	MRK	Merck Company Earnings Call This Week	Pair Corr
0.75	BA	Boeing Earnings Call This Week	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr
0.67	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.86	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Mfs Fund

0.62	BUBSX	Baird Ultra Short	Pair Corr
0.39	PMZIX	Pimco Mortgage Oppor	Pair Corr
0.35	DAAIX	Dunham Appreciation	Pair Corr
0.34	KO	Coca Cola Aggressive Push	Pair Corr
0.33	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	HIO	DHF	EAD	NCZ	HYI	HIX	IGA	IGD	GDO	EEA
HIO		0.65	0.74	0.28	0.76	0.82	0.74	0.73	0.78	0.75	HIO
DHF	0.65		0.97	0.84	0.86	0.85	0.34	0.29	0.4	0.25	DHF
EAD	0.74	0.97		0.81	0.92	0.9	0.44	0.38	0.51	0.36	EAD
NCZ	0.28	0.84	0.81		0.7	0.64	-0.06	-0.14	0.01	-0.12	NCZ
HYI	0.76	0.86	0.92	0.7		0.94	0.5	0.42	0.56	0.5	HYI
HIX	0.82	0.85	0.9	0.64	0.94		0.54	0.43	0.58	0.55	HIX
IGA	0.74	0.34	0.44	-0.06	0.5	0.54		0.94	0.89	0.88	IGA
IGD	0.73	0.29	0.38	-0.14	0.42	0.43	0.94		0.92	0.85	IGD
GDO	0.78	0.4	0.51	0.01	0.56	0.58	0.89	0.92		0.87	GDO
EEA	0.75	0.25	0.36	-0.12	0.5	0.55	0.88	0.85	0.87		EEA
	HIO	DHF	EAD	NCZ	HYI	HIX	IGA	IGD	GDO	EEA

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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

EAD	+ 0.97	DHF
HIX	+ 0.94	HYI
IGD	+ 0.94	IGA
HYI	+ 0.92	EAD
GDO	+ 0.92	IGD
HIX	+ 0.9	EAD

High negative correlations

IGD	- 0.14	NCZ
EEA	- 0.12	NCZ
IGA	- 0.06	NCZ

Risk-Adjusted Indicators

There is a big difference between Mfs Fund performing well and Mfs Intermediate 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 Intermediate'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
HIO	0.72	0.03	0.00	(0.06)	0.00	0.00	1.28	(1.48)	8.00
DHF	0.70	(0.03)	0.00	(0.17)	0.00	0.00	1.27	(1.19)	8.82
EAD	0.66	(0.01)	0.00	(0.13)	0.00	0.00	1.28	(1.90)	7.98
NCZ	1.18	(0.02)	0.00	(0.15)	0.00	0.00	1.66	(2.45)	11.41
HYI	0.45	0.02	0.00	(0.05)	0.00	0.00	0.76	(0.75)	4.10
HIX	0.68	0.03	0.00	(0.06)	0.00	0.00	0.96	(1.75)	7.01
IGA	0.93	0.20	0.12	0.10	1.68	(0.95)	1.59	(1.73)	13.56
IGD	0.78	0.16	0.10	0.10	1.51	(0.78)	1.52	(1.93)	8.85
GDO	0.66	0.12	0.14	0.12	1.21	(0.77)	1.25	(1.29)	6.90
EEA	0.95	0.25	0.16	0.24	1.52	(0.90)	1.71	(1.93)	7.55

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