Mfs Municipal Income Fund Probability of Future Mutual Fund Price Finishing Under 5.14
| XMFMX Fund | USD 6.27 0.02 0.32% |
Mfs |
Mfs Municipal Target Price Odds to finish below 5.14
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 drop to $ 5.14 or more in 90 days |
| 6.27 | 90 days | 5.14 | near 1 |
Based on a normal probability distribution, the odds of Mfs Municipal to drop to $ 5.14 or more in 90 days from now is near 1 (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 $ 5.14 and its current price of $6.27 at the end of the 90-day period is about 75.74 .
Assuming the 90 days horizon Mfs Municipal Income has a beta of -0.11. This entails 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 an alpha of 0.0218, implying that it can generate a 0.0218 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 | 0.02 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.32 |
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mfs Municipal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mfs Municipal's short interest history, or implied volatility extrapolated from Mfs Municipal options trading.
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.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |