Mfs Series Trust Fund Market Value
| CRVXX Fund | USD 1.00 0.00 0.00% |
| Symbol | Mfs |
Please note, there is a significant difference between Mfs Series' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Series is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Series' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Mfs Series '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 Series' money market 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 Series.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mfs Series on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Series Trust or generate 0.0% return on investment in Mfs Series over 30 days. Mfs Series is related to or competes with Vanguard Total, Vanguard 500, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, and Vanguard 500. Mfs Series is entity of United States. It is traded as Fund on NMFQS exchange. More
Mfs Series 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 Series' money market 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 Series Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.91) | |||
| Maximum Drawdown | 1.01 |
Mfs Series Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Series' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Series' standard deviation. In reality, there are many statistical measures that can use Mfs Series historical prices to predict the future Mfs Series' volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.007 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Series' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mfs Series Trust Backtested Returns
At this stage we consider Mfs Money Market Fund to be not too volatile. Mfs Series Trust has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Mfs Series, which you can use to evaluate the volatility of the fund. Please verify Mfs Series' Mean Deviation of 0.0301, risk adjusted performance of 0.0426, and Standard Deviation of 0.1243 to check out if the risk estimate we provide is consistent with the expected return of 0.016%. The fund secures a Beta (Market Risk) of -0.0143, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Series are expected to decrease at a much lower rate. During the bear market, Mfs Series is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
Mfs Series Trust has no correlation between past and present. Overlapping area represents the amount of predictability between Mfs Series time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Series Trust price movement. The serial correlation of 0.0 indicates that just 0.0% of current Mfs Series price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Series Trust lagged returns against current returns
Autocorrelation, which is Mfs Series money market 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 Series' money market fund expected returns. We can calculate the autocorrelation of Mfs Series returns to help us make a trade decision. For example, suppose you find that Mfs Series has exhibited high autocorrelation historically, and you observe that the money market 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 Series 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 Series money market fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Series money market fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mfs Series money market fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Series Lagged Returns
When evaluating Mfs Series' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Series money market fund have on its future price. Mfs Series 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 Series autocorrelation shows the relationship between Mfs Series money market fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Series Trust.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mfs Money Market Fund
Mfs Series financial ratios help investors to determine whether Mfs Money Market 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 Series security.
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