Mfs Intermediate Correlations

CIF Fund

USD 1.74 0.01 0.57%

The current 90-days correlation between Mfs Intermediate High and MFS High Yield is -0.01 (i.e., Good 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

Average diversification

The correlation between Mfs Intermediate High and DJI is 0.13 (i.e., Average 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

0.89	MGHRX	Morgan Stanley Insti	Pair Corr
0.89	MBIRX	Morgan Stanley Insight	Pair Corr
0.89	MGRPX	Growth Portfolio Class	Pair Corr
0.89	MCRTX	Morgan Stanley Multi	Pair Corr
0.89	ONERX	One Rock Fund	Pair Corr
0.89	MSGUX	Growth Portfolio Class	Pair Corr
0.89	MSCMX	Morgan Stanley Multi	Pair Corr
0.87	VSCGX	Vanguard Lifestrategy	Pair Corr
0.86	NWJGX	Nationwide Highmark Bond	Pair Corr
0.8	FSLVX	Fidelity Stock Selector	Pair Corr
0.83	MMACX	Mfs Moderate Allocation	Pair Corr
0.88	PYMPX	Pimco High Yield	Pair Corr
0.89	FGKMX	Fidelity Advisor Com	Pair Corr
0.87	FXAIX	Fidelity 500 Index	Pair Corr
0.86	MXSBX	Great-west Securefoundation	Pair Corr
0.79	GSCTX	Goldman Sachs Small	Pair Corr
0.87	FZROX	Fidelity Zero Total	Pair Corr
0.9	EZNAX	Eaton Vance National	Pair Corr
0.89	VWELX	Vanguard Wellington	Pair Corr
0.8	SILVX	Summit Global Investments	Pair Corr
0.68	FCVIX	Fidelity Small Cap	Pair Corr
0.87	FIMKX	Fidelity Advisor Emerging	Pair Corr
0.83	FSELX	Fidelity Select Semi	Pair Corr
0.83	LTMUX	Mfs Lifetime 2045	Pair Corr
0.89	QCERX	Aqr Large Cap	Pair Corr
0.83	WUSTX	Wells Fargo Ultra	Pair Corr
0.87	JHQPX	Jpmorgan Hedged Equity	Pair Corr
0.85	HIMYX	Pioneer High Income	Pair Corr
0.8	MFMLX	Frontier Markets Por	Pair Corr
0.87	HSPGX	Emerald Growth	Pair Corr
0.87	SSCKX	State Street Target	Pair Corr
0.84	FELAX	Fidelity Advisor Sem	Pair Corr
0.85	MTMAX	Mainstay Total Return	Pair Corr
0.77	HIAOX	Hartford International	Pair Corr
0.84	CTRZX	Active Portfolios Multi	Pair Corr
0.89	BALFX	American Balanced	Pair Corr
0.88	FAFAX	Fidelity Advisor Freedom	Pair Corr
0.85	JNABX	Jpmorgan Smartretirement*	Pair Corr

Related Correlations Analysis

	DHF	CMU	MGF	CXE	DHY	CIK	VLT
DHF		0.82	0.69	0.79	0.28	0.6	0.79	DHF
CMU	0.82		0.86	0.98	0.1	0.6	0.94	CMU
MGF	0.69	0.86		0.84	0.03	0.48	0.8	MGF
CXE	0.79	0.98	0.84		0.09	0.61	0.93	CXE
DHY	0.28	0.1	0.03	0.09		0.04	0.0	DHY
CIK	0.6	0.6	0.48	0.61	0.04		0.68	CIK
VLT	0.79	0.94	0.8	0.93	0.0	0.68		VLT
	DHF	CMU	MGF	CXE	DHY	CIK	VLT

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

CXE	+ 0.98	CMU
VLT	+ 0.94	CMU
VLT	+ 0.93	CXE
MGF	+ 0.86	CMU
CXE	+ 0.84	MGF
CMU	+ 0.82	DHF

High negative correlations

VLT

- 0.0

DHY

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
DHF	0.46	0.01	(0.06)	0.31	0.51	(0.63)	0.79	(0.79)	3.11
CMU	0.39	0.11	0.11	1.18	0.10	(0.57)	0.91	(0.63)	2.35
MGF	0.46	0.03	(0.02)	6.98	0.55	(0.62)	0.99	(0.98)	3.62
CXE	0.52	0.09	0.08	0.48	0.33	(0.72)	1.43	(0.82)	2.59
DHY	0.46	(0.03)	0.00	(0.05)	0.00	0.00	0.96	(0.96)	2.87
CIK	0.37	(0.02)	0.00	(0.08)	0.00	0.00	0.68	(0.68)	5.02
VLT	0.28	0.05	0.02	0.44	0.14	(0.37)	0.81	(0.53)	2.22

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