Mfs Intrinsic Correlations

Mutual Funds . USA . 
Fund . Mfs Intrinsic Value
UIVVX Fund  USD 11.56  0.22  1.87%   
The current 90-days correlation between Mfs Intrinsic Value and Mfs Prudent Investor is 0.42 (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

MfsDowDiversified AwayMfsDowDiversified Away100%

Good diversification

The correlation between Mfs Intrinsic Value and DJI is -0.16 (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 real.

Moving together with Mfs Mutual Fund

  0.87LFTFX Mfs Lifetime 2065PairCorr
  0.89LFTJX Mfs Lifetime 2065PairCorr
  0.89LFTGX Mfs Lifetime 2065PairCorr
  0.87LFTHX Mfs Lifetime 2065PairCorr
  0.87LFTMX Mfs Lifetime 2065PairCorr
  0.86LFTNX Mfs Lifetime 2065PairCorr
  0.88LFTKX Mfs Lifetime 2065PairCorr
  0.87LFTLX Mfs Lifetime 2065PairCorr
  1.0UIVCX Mfs Intrinsic ValuePairCorr
  1.0UIVPX Mfs Intrinsic ValuePairCorr
  0.94UIVQX Mfs Intrinsic ValuePairCorr
  1.0UIVNX Mfs Intrinsic ValuePairCorr
  0.94UIVMX Mfs Intrinsic ValuePairCorr
  0.94UIVRX Mfs Intrinsic ValuePairCorr
  0.9OTCIX Mfs Mid CapPairCorr
  0.9OTCJX Mfs Mid CapPairCorr
  0.9OTCKX Mfs Mid CapPairCorr
  0.9OTCGX Mfs Mid CapPairCorr
  0.96OTCAX Mfs Mid CapPairCorr
  0.9OTCBX Mfs Mid CapPairCorr
  0.9OTCCX Mfs Mid CapPairCorr

Moving against Mfs Mutual Fund

  0.35MKVHX Mfs Series TrustPairCorr
  0.34MKVCX Mfs International LargePairCorr
  0.34MKVBX Mfs International LargePairCorr
  0.34MKVGX Mfs International LargePairCorr
  0.34MKVFX Mfs International LargePairCorr
  0.34MKVDX Mfs International LargePairCorr
  0.37EMLNX Mfs Emerging MarketsPairCorr
  0.37EMLMX Mfs Emerging MarketsPairCorr
  0.37EMLIX Mfs Emerging MarketsPairCorr
  0.35EMLBX Mfs Emerging MarketsPairCorr
  0.35EMLAX Mfs Emerging MarketsPairCorr
  0.35EMLKX Mfs Emerging MarketsPairCorr
  0.35EMLJX Mfs Emerging MarketsPairCorr
  0.35EMLCX Mfs Emerging MarketsPairCorr

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  0.20  0.07  0.37  15.72  0.00 
(0.35)
 0.58 
(0.34)
 1.34 
FPPQX  0.20  0.07  0.38 (46.10) 0.00 
(0.36)
 0.67 
(0.34)
 1.42 
FPPRX  0.19  0.07  0.37 (66.00) 0.00 
(0.37)
 0.59 
(0.35)
 1.35 
FPPSX  0.19  0.07  0.39  21.91  0.00 
(0.34)
 0.67 
(0.34)
 1.42 
FPPUX  0.20  0.07  0.42  20.94  0.00 
(0.34)
 0.58 
(0.34)
 1.42 
FPPVX  0.20  0.07  0.40  12.56  0.00 
(0.36)
 0.67 
(0.34)
 1.34 
LFTFX  0.61 (0.03) 0.00  0.17  0.00 
 0.00 
 1.19 
(1.26)
 3.41 
LFTJX  0.61 (0.03) 0.00  0.20  0.00 
 0.00 
 1.28 
(1.25)
 3.29 
LFTGX  0.61 (0.03) 0.00  0.21  0.00 
 0.00 
 1.21 
(1.21)
 3.31 
LFTHX  0.62 (0.02) 0.00  0.15  0.00 
 0.00 
 1.28 
(1.25)
 3.39 

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