Mfs Municipal Income Fund Price on December 4, 2024
| XMFMX Fund | USD 6.28 0.01 0.16% |
Below is the normalized historical share price chart for Mfs Municipal Income extending back to July 20, 1999. 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 Municipal stands at 6.28, as last reported on the 13th of December 2024, with the highest price reaching 6.28 and the lowest price hitting 6.28 during the day.
If you're considering investing in Mfs Mutual Fund, it is important to understand the factors that can impact its price. Mfs Municipal Income has Sharpe Ratio of -0.0048, which conveys that the entity had a -0.0048% return per unit of risk over the last 3 months. Mfs Municipal exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Municipal's Mean Deviation of 0.2258, downside deviation of 0.5597, and Risk Adjusted Performance of 0.0012 to check out the risk estimate we provide.
Mfs Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mfs |
Sharpe Ratio = -0.0048
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| Negative Returns | XMFMX |
Estimated Market Risk
| 0.38 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mfs Municipal is not performing at its full potential. However, 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 Municipal by adding Mfs Municipal to a well-diversified portfolio.
Mfs Municipal Valuation on December 4, 2024
It is possible to determine the worth of Mfs Municipal on a given historical date. On December 4, 2024 Mfs was worth 6.29 at the beginning of the trading date compared to the closed value of 6.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mfs Municipal mutual fund. Still, in general, we apply an absolute valuation method to find Mfs Municipal'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 Municipal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mfs Municipal's related companies.
| Open | High | Low | Close | Volume | |
| 6.29 | 6.29 | 6.29 | 6.29 | 1.00 | |
12/04/2024 | 6.29 | 6.29 | 6.29 | 6.29 | 1.00 |
| 6.29 | 6.29 | 6.29 | 6.29 | 1.00 |
| Backtest Mfs Municipal | | | Mfs Municipal History | Previous | Next |
Mfs Municipal Trading Date Momentum on December 4, 2024
| On December 05 2024 Mfs Municipal Income was traded for 6.29 at the closing time. The highest daily price throughout the period was 6.29 and the lowest price was 6.29 . There was no trading activity during the period 1.0. Lack of trading volume on 12/05/2024 did not cause price change. The trading delta at closing time to current closing price is 0.16% . |
About Mfs Municipal Mutual Fund history
Mfs Municipal 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 Municipal 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 Municipal stock prices may prove useful in developing a viable investing in Mfs Municipal
Mfs Municipal Mutual Fund Technical Analysis
Mfs Municipal 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 Municipal Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
Mfs Municipal 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 Municipal December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how Mfs Municipal 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 Municipal shares will generate the highest return on investment. By undertsting and applying Mfs Municipal mutual fund market strength indicators, traders can identify Mfs Municipal Income entry and exit signals to maximize returns
Mfs Municipal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mfs Municipal'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 | 0.0012 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | (0.29) |
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| Volume Indicators |
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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