Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVRX Fund  USD 12.18  0.07  0.57%   
The current 90-days correlation between Mfs Intrinsic Value and Mfs Prudent Investor is 0.22 (i.e., Modest 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

Significant diversification

The correlation between Mfs Intrinsic Value and DJI is 0.07 (i.e., Significant 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 metropolitan statistical area.

Moving together with Mfs Mutual Fund

  0.91LFTFX Mfs Lifetime 2065PairCorr
  0.91LFTJX Mfs Lifetime 2065PairCorr
  0.91LFTGX Mfs Lifetime 2065PairCorr
  0.91LFTHX Mfs Lifetime 2065PairCorr
  0.91LFTMX Mfs Lifetime 2065PairCorr
  0.91LFTNX Mfs Lifetime 2065PairCorr
  0.91LFTKX Mfs Lifetime 2065PairCorr
  0.91LFTLX Mfs Lifetime 2065PairCorr
  0.94UIVIX Mfs Intrinsic ValuePairCorr
  0.94UIVCX Mfs Intrinsic ValuePairCorr
  1.0UIVPX Mfs Intrinsic ValuePairCorr
  1.0UIVQX Mfs Intrinsic ValuePairCorr
  0.94UIVNX Mfs Intrinsic ValuePairCorr
  1.0UIVMX Mfs Intrinsic ValuePairCorr
  0.94UIVVX Mfs Intrinsic ValuePairCorr
  0.8OTCHX Mfs Mid CapPairCorr
  0.81OTCIX Mfs Mid CapPairCorr
  0.81OTCJX Mfs Mid CapPairCorr
  0.81OTCKX Mfs Mid CapPairCorr
  0.77OTCGX Mfs Mid CapPairCorr
  0.88OTCAX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FPPJX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.61)
 1.62 
FPPQX  0.28 (0.02) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.61)
 1.63 
FPPRX  0.28 (0.02) 0.00 (0.17) 0.00 
 0.00 
 0.52 
(0.61)
 1.71 
FPPSX  0.29 (0.02) 0.00 (0.16) 0.00 
 0.00 
 0.59 
(0.61)
 1.63 
FPPUX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.52 
(0.60)
 1.71 
FPPVX  0.28 (0.01) 0.00 (0.15) 0.00 
 0.00 
 0.51 
(0.61)
 1.70 
LFTFX  0.47 (0.04) 0.00 (0.13) 0.00 
 0.00 
 0.99 
(1.18)
 3.82 
LFTJX  0.48 (0.05) 0.00 (0.13) 0.00 
 0.00 
 0.99 
(1.18)
 3.81 
LFTGX  0.47 (0.05) 0.00 (0.13) 0.00 
 0.00 
 1.00 
(1.28)
 3.83 
LFTHX  0.47 (0.04) 0.00 (0.13) 0.00 
 0.00 
 0.89 
(1.18)
 3.71 

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