Mfs Charter Income Stock Market Value
| MCR Stock | USD 6.45 0.03 0.47% |
| Symbol | MFS |
MFS Charter Income Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS Charter. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS Charter listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.886 | Dividend Share 0.547 | Earnings Share 0.72 | Revenue Per Share | Quarterly Revenue Growth 0.019 |
The market value of MFS Charter Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS Charter's value that differs from its market value or its book value, called intrinsic value, which is MFS Charter's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS Charter's market value can be influenced by many factors that don't directly affect MFS Charter's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS Charter's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Charter is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Charter's 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 Charter '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 Charter's stock 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 Charter.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in MFS Charter on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding MFS Charter Income or generate 0.0% return on investment in MFS Charter over 30 days. MFS Charter is related to or competes with MFS High, MFS Investment, Eaton Vance, MFS High, MFS Municipal, DTF Tax, and MFS Government. MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Serv... More
MFS Charter 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 Charter's stock 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 Charter Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6421 | |||
| Information Ratio | 0.0649 | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.6547 |
MFS Charter Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS Charter's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS Charter's standard deviation. In reality, there are many statistical measures that can use MFS Charter historical prices to predict the future MFS Charter's volatility.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | 0.0392 | |||
| Total Risk Alpha | 0.0385 | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | 0.1846 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MFS Charter'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 Charter Income Backtested Returns
Currently, MFS Charter Income is not too volatile. MFS Charter Income has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for MFS Charter, which you can use to evaluate the volatility of the firm. Please verify MFS Charter's Risk Adjusted Performance of 0.0573, market risk adjusted performance of 0.1946, and Mean Deviation of 0.4078 to check out if the risk estimate we provide is consistent with the expected return of 0.0931%. MFS Charter has a performance score of 12 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MFS Charter's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFS Charter is expected to be smaller as well. MFS Charter Income currently secures a risk of 0.58%. Please verify MFS Charter Income potential upside, as well as the relationship between the kurtosis and day typical price , to decide if MFS Charter Income will be following its current price movements.
Auto-correlation | 0.38 |
Below average predictability
MFS Charter Income has below average predictability. Overlapping area represents the amount of predictability between MFS Charter time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. 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 Charter Income price movement. The serial correlation of 0.38 indicates that just about 38.0% of current MFS Charter price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS Charter Income lagged returns against current returns
Autocorrelation, which is MFS Charter stock'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 Charter's stock expected returns. We can calculate the autocorrelation of MFS Charter returns to help us make a trade decision. For example, suppose you find that MFS Charter has exhibited high autocorrelation historically, and you observe that the stock 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 Charter 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 Charter stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS Charter stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS Charter stock over time.
Current vs Lagged Prices |
| Timeline |
MFS Charter Lagged Returns
When evaluating MFS Charter's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS Charter stock have on its future price. MFS Charter 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 Charter autocorrelation shows the relationship between MFS Charter stock current value and its past values and can show if there is a momentum factor associated with investing in MFS Charter Income.
Regressed Prices |
| Timeline |
Pair Trading with MFS Charter
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MFS Charter position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MFS Charter will appreciate offsetting losses from the drop in the long position's value.Moving together with MFS Stock
| 0.82 | V | Visa Class A | PairCorr |
| 0.77 | MA | Mastercard Sell-off Trend | PairCorr |
| 0.74 | ENVA | Enova International | PairCorr |
| 0.76 | AXP | American Express | PairCorr |
| 0.73 | COF | Capital One Financial | PairCorr |
Moving against MFS Stock
| 0.62 | CODI | Compass Diversified | PairCorr |
| 0.62 | DHIL | Diamond Hill Investment | PairCorr |
| 0.46 | AX | Axos Financial | PairCorr |
| 0.4 | AFCG | AFC Gamma | PairCorr |
| 0.38 | PYPL | PayPal Holdings | PairCorr |
The ability to find closely correlated positions to MFS Charter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS Charter when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MFS Charter - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MFS Charter Income to buy it.
The correlation of MFS Charter is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Charter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Charter Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MFS Charter can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for MFS Stock Analysis
When running MFS Charter's price analysis, check to measure MFS Charter's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MFS Charter is operating at the current time. Most of MFS Charter's value examination focuses on studying past and present price action to predict the probability of MFS Charter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MFS Charter's price. Additionally, you may evaluate how the addition of MFS Charter to your portfolios can decrease your overall portfolio volatility.