MFS Intermediate Correlations

Stocks . USA . 
Stock . MFS Intermediate Income
MIN Stock  USD 2.65  0.01  0.38%   
The current 90-days correlation between MFS Intermediate Income and MFS Multimarket Income is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Intermediate Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MFS Intermediate Correlation With Market

Good diversification

The correlation between MFS Intermediate Income and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MFS Intermediate Income and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with MFS Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Intermediate Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with MFS Stock

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Moving against MFS Stock

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  0.32AX Axos FinancialPairCorr
  0.32CG Carlyle GroupPairCorr
  0.46LC LendingClub CorpPairCorr
  0.44RM Regional Management CorpPairCorr
  0.4RY Royal BankPairCorr
  0.38VBNK VersaBank Upward RallyPairCorr
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  0.35NU Nu Holdings Aggressive PushPairCorr

Related Correlations Analysis

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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   
MCR
+ 0.96
MMT
PIM
+ 0.86
PPT
PIM
+ 0.76
MMT
PPT
+ 0.75
MMT
PPT
+ 0.64
MCR
PIM
+ 0.63
MCR
  
High negative correlations   
MCR
- 0.08
MGF

Risk-Adjusted Indicators

There is a big difference between MFS Stock performing well and MFS Intermediate Company 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.

MFS Intermediate Corporate Management

James KilmanIndependent TrusteeProfile
Amanda MooradianAssistant Secretary, Assistant ClerkProfile
CFA CFAPortfolio ManagerProfile
Susan PereiraAssistant Secretary, Assistant ClerkProfile
Laurie ThomsenIndependent TrusteeProfile
Robert ManningTrusteeProfile
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