Mfs High Income Fund Price on July 2, 2024
| MHIKX Fund | USD 3.11 0.01 0.32% |
Below is the normalized historical share price chart for Mfs High Income extending back to June 01, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mfs High stands at 3.11, as last reported on the 28th of November, with the highest price reaching 3.11 and the lowest price hitting 3.11 during the day.
If you're considering investing in Mfs Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Mfs Mutual Fund to be very steady. Mfs High Income has Sharpe Ratio of 0.0795, which conveys that the entity had a 0.0795% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mfs High, which you can use to evaluate the volatility of the fund. Please verify Mfs High's Mean Deviation of 0.1284, coefficient of variation of 835.6, and Risk Adjusted Performance of 0.0646 to check out if the risk estimate we provide is consistent with the expected return of 0.0156%.
Mfs Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mfs |
Sharpe Ratio = 0.0795
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MHIKX |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Mfs High is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mfs High by adding it to a well-diversified portfolio.
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Mfs High Valuation on July 2, 2024
It is possible to determine the worth of Mfs High on a given historical date. On July 2, 2024 Mfs was worth 2.98 at the beginning of the trading date compared to the closed value of 2.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mfs High mutual fund. Still, in general, we apply an absolute valuation method to find Mfs High's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mfs High where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mfs High's related companies.
| Open | High | Low | Close | Volume | |
| 2.98 | 2.98 | 2.98 | 2.98 | 1.00 | |
07/02/2024 | 2.98 | 2.98 | 2.98 | 2.98 | 1.00 |
| 2.98 | 2.98 | 2.98 | 2.98 | 1.00 |
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Mfs High Trading Date Momentum on July 2, 2024
| On July 03 2024 Mfs High Income was traded for 2.98 at the closing time. The highest daily price throughout the period was 2.98 and the lowest price was 2.98 . There was no trading activity during the period 1.0. Lack of trading volume on 07/03/2024 did not cause price change. The trading delta at closing time to current closing price is 0.67% . |
Mfs High Income Fundamentals Correlations and Trends
By evaluating Mfs High's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mfs High's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mfs financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mfs High Mutual Fund history
Mfs High investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mfs is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mfs High Income will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mfs High stock prices may prove useful in developing a viable investing in Mfs High
The fund normally invests at least 80 percent of the funds net assets in high income debt instruments. It may invest the funds assets in other types of debt instruments. Debt instruments include corporate bonds, foreign government securities, floating rate loans, and other obligations to repay money borrowed.
Mfs High Mutual Fund Technical Analysis
Mfs High technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mfs High Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Mfs High Income cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mfs High November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Mfs High mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mfs High shares will generate the highest return on investment. By undertsting and applying Mfs High mutual fund market strength indicators, traders can identify Mfs High Income entry and exit signals to maximize returns
Mfs High Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mfs High's price direction in advance. Along with the technical and fundamental analysis of Mfs Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mfs to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0646 | |||
| Jensen Alpha | 0.0128 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.9007 |
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Other Information on Investing in Mfs Mutual Fund
Mfs High 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 High security.
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