Mfs Prudent Investor Fund Market Value
| FPPVX Fund | USD 11.99 0.06 0.50% |
| Symbol | Mfs |
Mfs Prudent '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 Prudent's mutual 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 Prudent.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Mfs Prudent on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Prudent Investor or generate 0.0% return on investment in Mfs Prudent over 30 days. Mfs Prudent is related to or competes with Mfs Lifetime, Mfs Lifetime, Mfs Lifetime, and Mfs Lifetime. The funds investment adviser normally invests the funds assets across different asset classes, including an allocation t... More
Mfs Prudent 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 Prudent's mutual 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 Prudent Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4081 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.5068 |
Mfs Prudent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Prudent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Prudent's standard deviation. In reality, there are many statistical measures that can use Mfs Prudent historical prices to predict the future Mfs Prudent's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.004 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Prudent's 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 Prudent Investor Backtested Returns
At this stage we consider Mfs Mutual Fund to be very steady. Mfs Prudent Investor has Sharpe Ratio of 0.0128, which conveys that the entity had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mfs Prudent, which you can use to evaluate the volatility of the fund. Please verify Mfs Prudent's Mean Deviation of 0.2754, risk adjusted performance of 0.0117, and Downside Deviation of 0.4081 to check out if the risk estimate we provide is consistent with the expected return of 0.0046%. The fund secures a Beta (Market Risk) of 0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Prudent's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Prudent is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Mfs Prudent Investor has weak predictability. Overlapping area represents the amount of predictability between Mfs Prudent time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Prudent Investor price movement. The serial correlation of 0.2 indicates that over 20.0% of current Mfs Prudent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Prudent Investor lagged returns against current returns
Autocorrelation, which is Mfs Prudent mutual 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 Prudent's mutual fund expected returns. We can calculate the autocorrelation of Mfs Prudent returns to help us make a trade decision. For example, suppose you find that Mfs Prudent has exhibited high autocorrelation historically, and you observe that the mutual 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 Prudent 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 Prudent mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Prudent mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mfs Prudent mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Prudent Lagged Returns
When evaluating Mfs Prudent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Prudent mutual fund have on its future price. Mfs Prudent 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 Prudent autocorrelation shows the relationship between Mfs Prudent mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Prudent Investor.
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 Mutual Fund
Mfs Prudent 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 Prudent security.
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