Mfs Servative Allocation Fund Market Value
| MACIX Fund | USD 17.73 0.06 0.34% |
| Symbol | Mfs |
Mfs Servative '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 Servative'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 Servative.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Mfs Servative on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Servative Allocation or generate 0.0% return on investment in Mfs Servative over 30 days. Mfs Servative is related to or competes with Prudential Government, Government Securities, Virtus Seix, Lord Abbett, Blackrock, and Us Government. The fund is designed to provide diversification among different asset classes by investing its assets in other mutual fu... More
Mfs Servative 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 Servative'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 Servative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3011 | |||
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.4051 |
Mfs Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Servative's standard deviation. In reality, there are many statistical measures that can use Mfs Servative historical prices to predict the future Mfs Servative's volatility.| Risk Adjusted Performance | 0.0615 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | 0.0729 |
Mfs Servative Allocation Backtested Returns
At this stage we consider Mfs Mutual Fund to be very steady. Mfs Servative Allocation 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 twenty-eight technical indicators for Mfs Servative, which you can use to evaluate the volatility of the fund. Please verify Mfs Servative's Mean Deviation of 0.2215, downside deviation of 0.3011, and Risk Adjusted Performance of 0.0615 to check out if the risk estimate we provide is consistent with the expected return of 0.0351%. The fund secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Servative is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Mfs Servative Allocation has good predictability. Overlapping area represents the amount of predictability between Mfs Servative time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Servative Allocation price movement. The serial correlation of 0.7 indicates that around 70.0% of current Mfs Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mfs Servative Allocation lagged returns against current returns
Autocorrelation, which is Mfs Servative 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 Servative's mutual fund expected returns. We can calculate the autocorrelation of Mfs Servative returns to help us make a trade decision. For example, suppose you find that Mfs Servative 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 Servative 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 Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Servative 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 Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Servative Lagged Returns
When evaluating Mfs Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Servative mutual fund have on its future price. Mfs Servative 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 Servative autocorrelation shows the relationship between Mfs Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Servative Allocation.
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 Servative 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 Servative security.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |