Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVMX Fund  USD 12.61  0.14  1.12%   
The current 90-days correlation between Mfs Intrinsic Value and Aim Investment Secs is -0.03 (i.e., Good 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

Significant diversification

The correlation between Mfs Intrinsic Value and DJI is 0.09 (i.e., Significant 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 population.

Moving together with Mfs Mutual Fund

  0.98LFTFX Mfs Lifetime 2065PairCorr
  0.98LFTJX Mfs Lifetime 2065PairCorr
  0.98LFTGX Mfs Lifetime 2065PairCorr
  0.97LFTHX Mfs Lifetime 2065PairCorr
  0.96LFTMX Mfs Lifetime 2065PairCorr
  0.97LFTNX Mfs Lifetime 2065PairCorr
  0.98LFTLX Mfs Lifetime 2065PairCorr
  0.92HYPPX Mfs High YieldPairCorr
  0.98UIVIX Mfs Intrinsic ValuePairCorr
  0.98UIVCX Mfs Intrinsic ValuePairCorr
  0.98UIVPX Mfs Intrinsic ValuePairCorr
  1.0UIVQX Mfs Intrinsic ValuePairCorr
  0.98UIVNX Mfs Intrinsic ValuePairCorr
  0.98UIVVX Mfs Intrinsic ValuePairCorr
  0.96UIVRX Mfs Intrinsic ValuePairCorr
  0.96OTCHX Mfs Mid CapPairCorr
  0.96OTCIX Mfs Mid CapPairCorr
  0.96OTCJX Mfs Mid CapPairCorr
  0.96OTCKX Mfs Mid CapPairCorr
  0.95MKVCX Mfs International LargePairCorr
  0.95MKVBX Mfs International LargePairCorr
  0.96OTCGX Mfs Mid CapPairCorr
  0.95MKVGX Mfs International LargePairCorr
  0.95MKVFX Mfs International LargePairCorr
  0.95MKVEX Mfs International LargePairCorr
  0.95MKVDX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.95MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.94BRKAX Mfs Blended ResearchPairCorr
  0.97OTCAX Mfs Mid CapPairCorr
  0.97OTCBX Mfs Mid CapPairCorr

Related Correlations Analysis

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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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