Mfs Intermediate Correlations

CIF Fund

USD 1.71 0.01 0.58%

The current 90-days correlation between Mfs Intermediate High and Nuveen Mortgage Opportunity is 0.61 (i.e., 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 0.69 (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

0.86	ERH	Allspring Utilities And	Pair Corr
0.8	WHIYX	Ivy High Income	Pair Corr
0.87	IVHIX	Ivy High Income	Pair Corr
0.87	IHIFX	Ivy High Income	Pair Corr
0.86	WRHIX	Ivy High Income	Pair Corr
0.74	WHIAX	Ivy High Income	Pair Corr
0.84	CSJZX	Cohen Steers Realty	Pair Corr
0.93	CSRSX	Cohen Steers Realty	Pair Corr
0.88	SGLYX	Simt Global Managed	Pair Corr
0.69	GCICX	Goldman Sachs Intern	Pair Corr
0.64	MXJVX	Great West Mfs	Pair Corr
0.61	BNIVX	Advisors Inner Circle	Pair Corr
0.8	EMPTX	Ubs Emerging Markets	Pair Corr
0.75	HIINX	Harbor International	Pair Corr
0.76	TEOOX	Transamerica Emerging	Pair Corr
0.68	GCIRX	Goldman Sachs Intern	Pair Corr
0.78	WINIX	Wilmington International	Pair Corr
0.82	VPKIX	Vanguard Pacific Stock	Pair Corr
0.83	CIISX	Causeway International	Pair Corr

Moving against Mfs Fund

0.76	RYCWX	Inverse Dow 2x	Pair Corr
0.36	FDPSX	Falling Dollar Profund	Pair Corr
0.34	JAFYX	John Hancock Variable	Pair Corr

Related Correlations Analysis

	NFJ	JGH	NCZ	NML	FPF	FCT	JLS	VMO	CHW	CGO
NFJ		0.98	0.88	0.84	0.97	0.89	0.88	0.88	0.91	0.88	NFJ
JGH	0.98		0.85	0.85	0.98	0.89	0.91	0.89	0.89	0.85	JGH
NCZ	0.88	0.85		0.72	0.83	0.75	0.71	0.74	0.95	0.98	NCZ
NML	0.84	0.85	0.72		0.87	0.77	0.72	0.65	0.74	0.7	NML
FPF	0.97	0.98	0.83	0.87		0.89	0.91	0.87	0.88	0.82	FPF
FCT	0.89	0.89	0.75	0.77	0.89		0.83	0.84	0.81	0.78	FCT
JLS	0.88	0.91	0.71	0.72	0.91	0.83		0.8	0.82	0.74	JLS
VMO	0.88	0.89	0.74	0.65	0.87	0.84	0.8		0.75	0.73	VMO
CHW	0.91	0.89	0.95	0.74	0.88	0.81	0.82	0.75		0.98	CHW
CGO	0.88	0.85	0.98	0.7	0.82	0.78	0.74	0.73	0.98		CGO
	NFJ	JGH	NCZ	NML	FPF	FCT	JLS	VMO	CHW	CGO

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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
NFJ	0.98	0.01	0.00	(0.06)	0.00	0.00	1.43	(3.30)	11.50
JGH	0.74	0.00	0.00	(0.07)	0.00	0.00	1.60	(2.57)	7.80
NCZ	1.20	0.03	0.00	(0.04)	0.00	0.00	1.63	(2.38)	11.43
NML	1.43	0.06	0.00	(0.01)	0.00	0.00	2.79	(3.81)	12.37
FPF	0.66	0.01	0.00	(0.05)	0.00	0.00	1.04	(1.93)	8.04
FCT	0.61	(0.01)	0.00	(0.19)	0.00	0.00	1.24	(1.45)	7.03
JLS	0.56	(0.01)	0.00	(0.13)	0.00	0.00	1.35	(1.34)	5.48
VMO	0.55	(0.04)	0.00	(0.28)	0.00	0.00	1.06	(1.40)	4.52
CHW	1.18	0.08	0.04	0.00	2.00	(1.06)	1.83	(2.71)	12.31
CGO	1.32	0.07	0.00	(0.02)	0.00	0.00	2.41	(3.52)	15.50

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