Mfs Municipal Income Fund Probability of Future Mutual Fund Price Finishing Under 8.34
| MIMIX Fund | USD 8.30 0.04 0.48% |
Mfs |
Mfs Municipal Target Price Odds to finish below 8.34
The tendency of Mfs Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 8.34 after 90 days |
| 8.30 | 90 days | 8.34 | about 82.16 |
Based on a normal probability distribution, the odds of Mfs Municipal to stay under $ 8.34 after 90 days from now is about 82.16 (This Mfs Municipal Income probability density function shows the probability of Mfs Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Mfs Municipal Income price to stay between its current price of $ 8.30 and $ 8.34 at the end of the 90-day period is about 25.56 .
Assuming the 90 days horizon Mfs Municipal Income has a beta of -0.11. This indicates as returns on the benchmark increase, returns on holding Mfs Municipal are expected to decrease at a much lower rate. During a bear market, however, Mfs Municipal Income is likely to outperform the market. Additionally Mfs Municipal Income has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Mfs Municipal Price Density |
| Price |
Predictive Modules for Mfs Municipal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mfs Municipal Income. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Mfs Municipal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mfs Municipal is not an exception. The market had few large corrections towards the Mfs Municipal's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Mfs Municipal Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mfs Municipal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0006 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.41 |
Mfs Municipal Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Mfs Municipal for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mfs Municipal Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mfs Municipal Income generated a negative expected return over the last 90 days | |
| The fund maintains about 97.94% of its assets in bonds |
Mfs Municipal Technical Analysis
Mfs Municipal's future price can be derived by breaking down and analyzing its technical indicators over time. Mfs Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mfs Municipal Income. In general, you should focus on analyzing Mfs Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Mfs Municipal Predictive Forecast Models
Mfs Municipal's time-series forecasting models is one of many Mfs Municipal's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Mfs Municipal's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Mfs Municipal Income
Checking the ongoing alerts about Mfs Municipal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mfs Municipal Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mfs Municipal Income generated a negative expected return over the last 90 days | |
| The fund maintains about 97.94% of its assets in bonds |
Other Information on Investing in Mfs Mutual Fund
Mfs Municipal financial ratios help investors to determine whether Mfs Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mfs with respect to the benefits of owning Mfs Municipal security.
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