Mfs Intermediate High Fund Market Value
| CIF Fund | USD 1.73 0.02 1.17% |
| Symbol | Mfs |
Mfs Intermediate 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mfs Intermediate's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mfs Intermediate.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Mfs Intermediate on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Mfs Intermediate High or generate 0.0% return on investment in Mfs Intermediate over 510 days. Mfs Intermediate is related to or competes with Pimco Dynamic, Pimco Corporate, Cornerstone Strategic, Cornerstone Strategic, Pimco Dynamic, Guggenheim Strategic, and Reaves Utility. MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Finan... More
Mfs Intermediate Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mfs Intermediate's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mfs Intermediate High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.628 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.5882 |
Mfs Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Intermediate's standard deviation. In reality, there are many statistical measures that can use Mfs Intermediate historical prices to predict the future Mfs Intermediate's volatility.| Risk Adjusted Performance | 0.0102 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0013 |
Mfs Intermediate High Backtested Returns
At this point, Mfs Intermediate is somewhat reliable. Mfs Intermediate High has Sharpe Ratio of 0.0025, which conveys that the entity had a 0.0025% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mfs Intermediate, which you can use to evaluate the volatility of the fund. Please verify Mfs Intermediate's Downside Deviation of 0.628, risk adjusted performance of 0.0102, and Mean Deviation of 0.3964 to check out if the risk estimate we provide is consistent with the expected return of 0.0013%. The fund secures a Beta (Market Risk) of 0.0878, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Intermediate is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Mfs Intermediate High has good predictability. Overlapping area represents the amount of predictability between Mfs Intermediate time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mfs Intermediate High price movement. The serial correlation of 0.74 indicates that around 74.0% of current Mfs Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Intermediate High lagged returns against current returns
Autocorrelation, which is Mfs Intermediate fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mfs Intermediate's fund expected returns. We can calculate the autocorrelation of Mfs Intermediate returns to help us make a trade decision. For example, suppose you find that Mfs Intermediate has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mfs Intermediate regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mfs Intermediate fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Intermediate fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mfs Intermediate fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Intermediate Lagged Returns
When evaluating Mfs Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Intermediate fund have on its future price. Mfs Intermediate autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mfs Intermediate autocorrelation shows the relationship between Mfs Intermediate fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Intermediate High.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Mfs Fund
Mfs Intermediate financial ratios help investors to determine whether Mfs 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 Intermediate security.
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