Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVNX Fund  USD 12.86  0.08  0.62%   
The current 90-days correlation between Mfs Intrinsic Value and Oakhurst Short Duration is 0.53 (i.e., Very weak 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

Good diversification

The correlation between Mfs Intrinsic Value and DJI is -0.11 (i.e., Good 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 board of governors.

Moving together with Mfs Mutual Fund

  0.99LFTFX Mfs Lifetime 2065PairCorr
  0.97LFTJX Mfs Lifetime 2065PairCorr
  0.97LFTGX Mfs Lifetime 2065PairCorr
  0.99LFTHX Mfs Lifetime 2065PairCorr
  0.97LFTMX Mfs Lifetime 2065PairCorr
  0.99LFTNX Mfs Lifetime 2065PairCorr
  0.99LFTKX Mfs Lifetime 2065PairCorr
  0.99LFTLX Mfs Lifetime 2065PairCorr
  0.93HYPPX Mfs High YieldPairCorr
  1.0UIVIX Mfs Intrinsic ValuePairCorr
  1.0UIVCX Mfs Intrinsic ValuePairCorr
  1.0UIVPX Mfs Intrinsic ValuePairCorr
  1.0UIVQX Mfs Intrinsic ValuePairCorr
  1.0UIVMX Mfs Intrinsic ValuePairCorr
  1.0UIVVX Mfs Intrinsic ValuePairCorr
  1.0UIVRX Mfs Intrinsic ValuePairCorr
  0.97OTCHX Mfs Mid CapPairCorr
  0.97OTCIX Mfs Mid CapPairCorr
  0.97OTCJX Mfs Mid CapPairCorr
  0.97OTCKX Mfs Mid CapPairCorr
  0.94MKVCX Mfs International LargePairCorr
  0.96MKVBX Mfs International LargePairCorr
  0.97OTCGX Mfs Mid CapPairCorr
  0.94MKVGX Mfs International LargePairCorr
  0.94MKVFX Mfs International LargePairCorr
  0.94MKVEX Mfs International LargePairCorr
  0.94MKVDX Mfs International LargePairCorr
  0.95MKVIX Mfs International LargePairCorr
  0.94MKVHX Mfs Series TrustPairCorr
  0.95BRKBX Mfs Blended ResearchPairCorr
  0.95BRKCX Mfs Blended ResearchPairCorr
  0.95BRKAX Mfs Blended ResearchPairCorr
  0.99OTCAX 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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