Mfs Intermediate Correlations

CIF Fund

USD 1.70 0.01 0.58%

The current 90-days correlation between Mfs Intermediate High and Aberdeen Global IF is -0.08 (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

Poor diversification

The correlation between Mfs Intermediate High and DJI is 0.67 (i.e., Poor 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

0.69

WMT

Walmart Common Stock

Pair Corr

Moving against Mfs Fund

0.38	T	ATT Inc Earnings Call This Week	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	WSCVX	TEEAX	PLBEX	FCO	ICHKX	FRNKX	PGLOX	FHSNX	ZSCCX
WSCVX		0.0	0.51	0.42	0.59	0.82	-0.04	0.84	0.93	WSCVX
TEEAX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TEEAX
PLBEX	0.51	0.0		0.35	0.63	0.67	-0.04	0.78	0.58	PLBEX
FCO	0.42	0.0	0.35		0.53	0.5	-0.18	0.5	0.4	FCO
ICHKX	0.59	0.0	0.63	0.53		0.72	-0.18	0.85	0.57	ICHKX
FRNKX	0.82	0.0	0.67	0.5	0.72		-0.18	0.89	0.75	FRNKX
PGLOX	-0.04	0.0	-0.04	-0.18	-0.18	-0.18		-0.07	0.11	PGLOX
FHSNX	0.84	0.0	0.78	0.5	0.85	0.89	-0.07		0.82	FHSNX
ZSCCX	0.93	0.0	0.58	0.4	0.57	0.75	0.11	0.82		ZSCCX
	WSCVX	TEEAX	PLBEX	FCO	ICHKX	FRNKX	PGLOX	FHSNX	ZSCCX

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

ZSCCX	+ 0.93	WSCVX
FHSNX	+ 0.89	FRNKX
FHSNX	+ 0.85	ICHKX
FHSNX	+ 0.84	WSCVX
FRNKX	+ 0.82	WSCVX
ZSCCX	+ 0.82	FHSNX

High negative correlations

PGLOX	- 0.18	FRNKX
PGLOX	- 0.18	ICHKX
PGLOX	- 0.18	FCO
FHSNX	- 0.07	PGLOX
PGLOX	- 0.04	PLBEX
PGLOX	- 0.04	WSCVX

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
WSCVX	1.07	0.40	0.38	0.51	0.44	(1.39)	2.25	(1.37)	15.77
TEEAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLBEX	0.75	(0.06)	(0.05)	(0.01)	1.16	(0.72)	1.71	(2.05)	4.47
FCO	1.00	0.22	0.10	(0.88)	1.16	(1.32)	2.57	(1.57)	7.55
ICHKX	0.58	0.10	0.08	0.40	0.49	(0.66)	1.26	(1.03)	3.43
FRNKX	0.90	0.17	0.15	0.25	0.70	(1.19)	1.53	(1.60)	13.43
PGLOX	0.19	(0.02)	0.00	(0.19)	0.00	0.00	0.58	(0.49)	2.13
FHSNX	0.23	0.02	(0.04)	0.13	0.16	(0.27)	0.46	(0.46)	1.28
ZSCCX	0.85	0.03	0.03	0.08	0.97	(0.88)	1.97	(1.90)	5.12

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