Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVPX Fund  USD 12.60  0.08  0.64%   
The current 90-days correlation between Mfs Intrinsic Value and Allianzgi Technology Fund is 0.13 (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 0.91 (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 american community survey.

Moving together with Mfs Mutual Fund

  1.0UIVCX Mfs Intrinsic ValuePairCorr
  1.0UIVQX Mfs Intrinsic ValuePairCorr
  0.71DIFIX Mfs Diversified IncomePairCorr
  0.98BRSTX Mfs Blended ResearchPairCorr
  0.97NDVCX Mfs New DiscoveryPairCorr
  0.99MRGAX Mfs E EquityPairCorr
  0.99MAAFX Mfs Aggressive GrowthPairCorr
  0.74MTCCX Mfs TechnologyPairCorr
  0.98MDIDX Mfs InternationalPairCorr
  0.98MDIZX Mfs InternationalPairCorr
  0.99MVCAX Mfs Mid CapPairCorr
  0.99MEIKX Mfs Value FundPairCorr
  0.97MEMCX Mfs Emerging MarketsPairCorr
  0.99MFEIX Mfs Growth FundPairCorr
  0.99MFJTX Mfs Lifetime 2060PairCorr
  0.99MFJUX Mfs Lifetime 2060PairCorr
  0.78MFIWX Mfs Income FundPairCorr
  0.99MFJAX Mfs Lifetime 2060PairCorr
  0.99MFJBX Mfs Lifetime 2060PairCorr
  0.91MGLAX Mfs Global RealPairCorr
  0.91MGLIX Mfs Global RealPairCorr
  0.98DVRKX Mfs Global AlternativePairCorr
  0.97MIDHX Mfs International NewPairCorr
  0.97MIDLX Mfs International NewPairCorr
  0.77MINJX Mfs International ValuePairCorr
  0.98FAFGX American FundsPairCorr
  0.98FFAFX American FundsPairCorr
  0.98GFACX Growth FundPairCorr
  0.72GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.72CGFFX Growth FundPairCorr
  0.72CGFCX Growth FundPairCorr
  0.98CGFAX Growth FundPairCorr
  0.72CGFEX Growth FundPairCorr

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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