Mfs Intrinsic Correlations

UIVPX Fund

USD 12.71 0.05 0.39%

The current 90-days correlation between Mfs Intrinsic Value and Europacific Growth Fund is 0.71 (i.e., Poor 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

Very poor diversification

The correlation between Mfs Intrinsic Value and DJI is 0.83 (i.e., Very poor 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 american community survey.

Moving together with Mfs Mutual Fund

0.94	LFTFX	Mfs Lifetime 2065	Pair Corr
0.94	LFTJX	Mfs Lifetime 2065	Pair Corr
0.94	LFTGX	Mfs Lifetime 2065	Pair Corr
0.94	LFTHX	Mfs Lifetime 2065	Pair Corr
0.94	LFTMX	Mfs Lifetime 2065	Pair Corr
0.94	LFTNX	Mfs Lifetime 2065	Pair Corr
0.94	LFTKX	Mfs Lifetime 2065	Pair Corr
0.94	LFTLX	Mfs Lifetime 2065	Pair Corr
0.71	HYPPX	Mfs High Yield	Pair Corr
1.0	UIVIX	Mfs Intrinsic Value	Pair Corr
1.0	UIVCX	Mfs Intrinsic Value	Pair Corr
1.0	UIVQX	Mfs Intrinsic Value	Pair Corr
1.0	UIVNX	Mfs Intrinsic Value	Pair Corr
1.0	UIVMX	Mfs Intrinsic Value	Pair Corr
1.0	UIVVX	Mfs Intrinsic Value	Pair Corr
1.0	UIVRX	Mfs Intrinsic Value	Pair Corr
0.96	OTCHX	Mfs Mid Cap	Pair Corr
0.96	OTCIX	Mfs Mid Cap	Pair Corr
0.96	OTCJX	Mfs Mid Cap	Pair Corr
0.96	OTCKX	Mfs Mid Cap	Pair Corr
0.96	OTCGX	Mfs Mid Cap	Pair Corr
0.96	OTCAX	Mfs Mid Cap	Pair Corr
0.96	OTCBX	Mfs Mid Cap	Pair Corr
0.96	OTCCX	Mfs Mid Cap	Pair Corr

Moving against Mfs Mutual Fund

0.31	MKVBX	Mfs International Large	Pair Corr
0.31	MKVEX	Mfs International Large	Pair Corr
0.47	EMLCX	Mfs Emerging Markets	Pair Corr
0.45	EMLNX	Mfs Emerging Markets	Pair Corr
0.45	EMLMX	Mfs Emerging Markets	Pair Corr
0.45	EMLKX	Mfs Emerging Markets	Pair Corr
0.45	EMLJX	Mfs Emerging Markets	Pair Corr
0.45	EMLIX	Mfs Emerging Markets	Pair Corr
0.33	MKVDX	Mfs International Large	Pair Corr

Related Correlations Analysis

	RERGX	RWMGX	RWIGX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID
RERGX		0.14	0.56	0.2	-0.36	0.0	0.37	0.04	0.52	-0.35	RERGX
RWMGX	0.14		0.88	-0.64	0.54	0.0	0.0	0.69	0.86	0.69	RWMGX
RWIGX	0.56	0.88		-0.49	0.3	0.0	0.14	0.6	0.96	0.41	RWIGX
444859BR2	0.2	-0.64	-0.49		-0.53	0.0	0.06	-0.54	-0.45	-0.53	444859BR2
SCRYY	-0.36	0.54	0.3	-0.53		0.0	0.14	0.48	0.34	0.73	SCRYY
AQUI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
APAAX	0.37	0.0	0.14	0.06	0.14	0.0		0.49	0.25	-0.06	APAAX
LBHIX	0.04	0.69	0.6	-0.54	0.48	0.0	0.49		0.68	0.55	LBHIX
MSTSX	0.52	0.86	0.96	-0.45	0.34	0.0	0.25	0.68		0.42	MSTSX
ID	-0.35	0.69	0.41	-0.53	0.73	0.0	-0.06	0.55	0.42		ID
	RERGX	RWMGX	RWIGX	444859BR2	SCRYY	AQUI	APAAX	LBHIX	MSTSX	ID

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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

MSTSX	+ 0.96	RWIGX
RWIGX	+ 0.88	RWMGX
MSTSX	+ 0.86	RWMGX
ID	+ 0.73	SCRYY
LBHIX	+ 0.69	RWMGX
ID	+ 0.69	RWMGX

High negative correlations

444859BR2	- 0.64	RWMGX
LBHIX	- 0.54	444859BR2
ID	- 0.53	444859BR2
SCRYY	- 0.53	444859BR2
444859BR2	- 0.49	RWIGX
MSTSX	- 0.45	444859BR2

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RERGX	0.61	(0.11)	0.00	(0.11)	0.00	0.00	1.11	(1.48)	4.02
RWMGX	0.50	(0.03)	(0.09)	0.07	0.59	(0.53)	1.00	(1.14)	3.32
RWIGX	0.53	(0.06)	(0.13)	0.03	0.74	(0.55)	1.18	(1.36)	3.19
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.29	0.08	1.93	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.35)	(0.09)	0.15	(0.18)	0.31	(0.31)	1.13
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.91	0.70	0.13	1.00	4.02	(5.25)	7.89	(6.67)	20.54

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