Mfs Intrinsic Correlations

UIVQX Fund

USD 11.47 0.01 0.09%

The current 90-days correlation between Mfs Intrinsic Value and Mfs Prudent Investor 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 0.97 (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 producer price index.

Moving together with Mfs Mutual Fund

0.98	LFTFX	Mfs Lifetime 2065	Pair Corr
0.98	LFTJX	Mfs Lifetime 2065	Pair Corr
0.98	LFTGX	Mfs Lifetime 2065	Pair Corr
0.97	LFTHX	Mfs Lifetime 2065	Pair Corr
0.98	LFTMX	Mfs Lifetime 2065	Pair Corr
0.97	LFTNX	Mfs Lifetime 2065	Pair Corr
0.98	LFTKX	Mfs Lifetime 2065	Pair Corr
0.98	LFTLX	Mfs Lifetime 2065	Pair Corr
1.0	UIVIX	Mfs Intrinsic Value	Pair Corr
1.0	UIVCX	Mfs Intrinsic Value	Pair Corr
1.0	UIVPX	Mfs Intrinsic Value	Pair Corr
1.0	UIVNX	Mfs Intrinsic Value	Pair Corr
1.0	UIVMX	Mfs Intrinsic Value	Pair Corr
0.94	UIVVX	Mfs Intrinsic Value	Pair Corr
1.0	UIVRX	Mfs Intrinsic Value	Pair Corr
0.97	OTCHX	Mfs Mid Cap	Pair Corr
0.97	OTCIX	Mfs Mid Cap	Pair Corr
0.97	OTCJX	Mfs Mid Cap	Pair Corr
0.96	OTCKX	Mfs Mid Cap	Pair Corr
0.97	OTCGX	Mfs Mid Cap	Pair Corr
0.62	BRKBX	Mfs Blended Research	Pair Corr
0.62	BRKCX	Mfs Blended Research	Pair Corr
0.97	OTCAX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.62	FPPJX	Mfs Prudent Investor	Pair Corr
0.62	FPPQX	Mfs Prudent Investor	Pair Corr
0.62	FPPSX	Mfs Prudent Investor	Pair Corr
0.62	FPPUX	Mfs Prudent Investor	Pair Corr
0.62	FPPVX	Mfs Prudent Investor	Pair Corr
0.61	FPPRX	Mfs Prudent Investor	Pair Corr
0.71	EMLLX	Mfs Emerging Markets	Pair Corr
0.71	EMLKX	Mfs Emerging Markets	Pair Corr
0.68	EMLBX	Mfs Emerging Markets	Pair Corr
0.68	EMLAX	Mfs Emerging Markets	Pair Corr
0.68	EMLNX	Mfs Emerging Markets	Pair Corr
0.68	EMLMX	Mfs Emerging Markets	Pair Corr
0.67	EMLJX	Mfs Emerging Markets	Pair Corr
0.54	EMLIX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX
FPPJX		1.0	1.0	1.0	1.0	1.0	-0.45	-0.46	-0.46	-0.45	FPPJX
FPPQX	1.0		1.0	1.0	1.0	1.0	-0.46	-0.46	-0.46	-0.45	FPPQX
FPPRX	1.0	1.0		1.0	1.0	1.0	-0.45	-0.45	-0.45	-0.45	FPPRX
FPPSX	1.0	1.0	1.0		1.0	1.0	-0.46	-0.46	-0.46	-0.45	FPPSX
FPPUX	1.0	1.0	1.0	1.0		1.0	-0.46	-0.46	-0.47	-0.46	FPPUX
FPPVX	1.0	1.0	1.0	1.0	1.0		-0.46	-0.46	-0.46	-0.46	FPPVX
LFTFX	-0.45	-0.46	-0.45	-0.46	-0.46	-0.46		1.0	1.0	1.0	LFTFX
LFTJX	-0.46	-0.46	-0.45	-0.46	-0.46	-0.46	1.0		1.0	1.0	LFTJX
LFTGX	-0.46	-0.46	-0.45	-0.46	-0.47	-0.46	1.0	1.0		1.0	LFTGX
LFTHX	-0.45	-0.45	-0.45	-0.45	-0.46	-0.46	1.0	1.0	1.0		LFTHX
	FPPJX	FPPQX	FPPRX	FPPSX	FPPUX	FPPVX	LFTFX	LFTJX	LFTGX	LFTHX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FPPQX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPJX
FPPSX	+ 1.0	FPPJX
FPPUX	+ 1.0	FPPJX
FPPVX	+ 1.0	FPPJX
FPPRX	+ 1.0	FPPQX

High negative correlations

LFTGX	- 0.47	FPPUX
LFTHX	- 0.46	FPPVX
LFTGX	- 0.46	FPPVX
LFTJX	- 0.46	FPPVX
LFTFX	- 0.46	FPPVX
LFTHX	- 0.46	FPPUX

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FPPJX	0.12	0.04	3.12	0.51	(0.25)	1.34
FPPQX	0.12	0.04	3.15	0.42	(0.25)	1.42
FPPRX	0.12	0.04	2.94	0.51	(0.25)	1.35
FPPSX	0.12	0.04	2.96	0.42	(0.17)	1.42
FPPUX	0.12	0.04	3.27	0.42	(0.25)	1.42
FPPVX	0.12	0.04	3.24	0.42	(0.25)	1.34
LFTFX	0.92	0.05	(0.08)	1.62	(1.99)	8.54
LFTJX	0.91	0.05	(0.09)	1.62	(1.89)	8.54
LFTGX	0.92	0.05	(0.09)	1.63	(1.90)	8.58
LFTHX	0.92	0.05	(0.08)	1.61	(1.98)	8.62

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC