Mfs Porate Bond Fund Market Value
| MBRRX Fund | USD 12.50 0.05 0.40% |
| Symbol | Mfs |
Mfs Porate '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 Porate'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 Porate.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mfs Porate on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Porate Bond or generate 0.0% return on investment in Mfs Porate over 180 days. Mfs Porate is related to or competes with Mfs Aggressive, Mfs Research, Mfs California, and Mfs Virginia. The adviser normally invests at least 80 percent of the funds net assets in corporate debt instruments More
Mfs Porate 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 Porate'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 Porate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.43) | |||
| Maximum Drawdown | 1.45 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.4796 |
Mfs Porate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Porate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Porate's standard deviation. In reality, there are many statistical measures that can use Mfs Porate historical prices to predict the future Mfs Porate's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | 0.2687 |
Mfs Porate Bond Backtested Returns
Mfs Porate Bond has Sharpe Ratio of -0.0137, which conveys that the entity had a -0.0137% return per unit of risk over the last 3 months. Mfs Porate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Porate's Mean Deviation of 0.2436, standard deviation of 0.3242, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0398, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Porate are expected to decrease at a much lower rate. During the bear market, Mfs Porate is likely to outperform the market.
Auto-correlation | -0.84 |
Excellent reverse predictability
Mfs Porate Bond has excellent reverse predictability. Overlapping area represents the amount of predictability between Mfs Porate time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Porate Bond price movement. The serial correlation of -0.84 indicates that around 84.0% of current Mfs Porate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Mfs Porate Bond lagged returns against current returns
Autocorrelation, which is Mfs Porate 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 Porate's mutual fund expected returns. We can calculate the autocorrelation of Mfs Porate returns to help us make a trade decision. For example, suppose you find that Mfs Porate 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 Porate 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 Porate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Porate 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 Porate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Porate Lagged Returns
When evaluating Mfs Porate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Porate mutual fund have on its future price. Mfs Porate 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 Porate autocorrelation shows the relationship between Mfs Porate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Porate Bond.
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 Porate 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 Porate security.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |