Mfs Intermediate Correlations

CIF Fund

USD 1.76 0.02 1.15%

The current 90-days correlation between Mfs Intermediate High and MFS High Income is 0.09 (i.e., Significant 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

Modest diversification

The correlation between Mfs Intermediate High and DJI is 0.21 (i.e., Modest 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 against Mfs Fund

0.53	HTY	John Hancock Tax	Pair Corr
0.38	DIS	Walt Disney Aggressive Push	Pair Corr
0.31	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.31	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	DHY	HIX	EHI	EAD	CXE	CBH	CXH	EOT	IHTA	CMU
DHY		0.89	-0.27	0.38	0.28	0.59	0.45	0.2	0.56	0.51	DHY
HIX	0.89		-0.23	0.31	0.15	0.68	0.41	0.21	0.71	0.39	HIX
EHI	-0.27	-0.23		0.51	0.4	-0.7	0.06	0.23	-0.63	0.17	EHI
EAD	0.38	0.31	0.51		0.72	-0.27	0.65	0.46	-0.28	0.74	EAD
CXE	0.28	0.15	0.4	0.72		-0.44	0.61	0.72	-0.4	0.81	CXE
CBH	0.59	0.68	-0.7	-0.27	-0.44		0.04	-0.24	0.94	-0.13	CBH
CXH	0.45	0.41	0.06	0.65	0.61	0.04		0.46	-0.02	0.85	CXH
EOT	0.2	0.21	0.23	0.46	0.72	-0.24	0.46		-0.13	0.62	EOT
IHTA	0.56	0.71	-0.63	-0.28	-0.4	0.94	-0.02	-0.13		-0.14	IHTA
CMU	0.51	0.39	0.17	0.74	0.81	-0.13	0.85	0.62	-0.14		CMU
	DHY	HIX	EHI	EAD	CXE	CBH	CXH	EOT	IHTA	CMU

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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

IHTA	+ 0.94	CBH
HIX	+ 0.89	DHY
CMU	+ 0.85	CXH
CMU	+ 0.81	CXE
CMU	+ 0.74	EAD
CXE	+ 0.72	EAD

High negative correlations

CBH	- 0.7	EHI
IHTA	- 0.63	EHI
CBH	- 0.44	CXE
IHTA	- 0.4	CXE
IHTA	- 0.28	EAD
CBH	- 0.27	EAD

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
DHY	0.65	0.06	(0.05)	0.56	0.67	(0.82)	0.97	(1.37)	4.15
HIX	0.40	0.04	(0.11)	0.41	0.33	(0.52)	0.92	(0.68)	2.52
EHI	0.59	(0.08)	0.00	(0.43)	0.00	0.00	1.19	(1.19)	3.14
EAD	0.39	(0.01)	(0.20)	0.08	0.42	(0.48)	1.00	(0.86)	2.47
CXE	0.49	0.00	(0.17)	0.11	0.54	(0.64)	1.33	(1.02)	3.34
CBH	0.13	0.04	(0.38)	2.76	0.00	(0.18)	0.22	(0.22)	0.78
CXH	0.34	0.05	(0.17)	(0.19)	0.40	(0.38)	0.86	(0.74)	2.10
EOT	0.36	0.01	(0.21)	(0.59)	0.41	(0.42)	0.86	(0.87)	2.08
IHTA	0.24	0.05	(0.12)	2.20	0.25	(0.31)	0.68	(0.27)	2.03
CMU	0.40	0.06	(0.12)	(0.29)	0.41	(0.54)	1.11	(0.84)	2.54

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