Mfs International Diversification Fund Market Value
| MDIOX Fund | USD 22.39 0.07 0.31% |
| Symbol | Mfs |
Mfs International '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 International'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 International.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mfs International on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs International Diversification or generate 0.0% return on investment in Mfs International over 30 days. Mfs International is related to or competes with Franklin Dynatech, John Hancock, Prudential Total, Mfs Growth, and Jpmorgan Equity. The fund is designed to provide diversification within the international asset class by investing the majority of its as... More
Mfs International 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 International'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 International Diversification upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.09 |
Mfs International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs International's standard deviation. In reality, there are many statistical measures that can use Mfs International historical prices to predict the future Mfs International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.11) |
Mfs International Backtested Returns
Mfs International has Sharpe Ratio of -0.0757, which conveys that the entity had a -0.0757% return per unit of risk over the last 3 months. Mfs International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs International's Standard Deviation of 0.7504, mean deviation of 0.5755, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mfs International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs International is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Mfs International Diversification has average predictability. Overlapping area represents the amount of predictability between Mfs International time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 International price movement. The serial correlation of 0.48 indicates that about 48.0% of current Mfs International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Mfs International lagged returns against current returns
Autocorrelation, which is Mfs International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Mfs International returns to help us make a trade decision. For example, suppose you find that Mfs International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs International Lagged Returns
When evaluating Mfs International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs International mutual fund have on its future price. Mfs International 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 International autocorrelation shows the relationship between Mfs International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs International Diversification.
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 International 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 International security.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |