Mfs Porate Bond Fund Market Value
| MFBCX Fund | USD 12.45 0.04 0.32% |
| Symbol | Mfs |
Mfs Corporate '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 Corporate'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 Corporate.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Mfs Corporate on October 3, 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 Corporate over 60 days. Mfs Corporate is related to or competes with Angel Oak, T Rowe, Black Oak, Growth Strategy, and Jpmorgan Emerging. The adviser normally invests at least 80 percent of the funds net assets in corporate debt instruments More
Mfs Corporate 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 Corporate'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 | (0.45) | |||
| Maximum Drawdown | 1.3 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.4815 |
Mfs Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Corporate's standard deviation. In reality, there are many statistical measures that can use Mfs Corporate historical prices to predict the future Mfs Corporate's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.4105 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Corporate'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 Porate Bond Backtested Returns
Mfs Porate Bond has Sharpe Ratio of -0.0182, which conveys that the entity had a -0.0182% return per unit of risk over the last 3 months. Mfs Corporate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Corporate's Risk Adjusted Performance of (0.02), standard deviation of 0.316, and Mean Deviation of 0.2364 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.035, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Corporate are expected to decrease at a much lower rate. During the bear market, Mfs Corporate is likely to outperform the market.
Auto-correlation | -0.3 |
Weak reverse predictability
Mfs Porate Bond has weak reverse predictability. Overlapping area represents the amount of predictability between Mfs Corporate time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 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 -0.3 indicates that nearly 30.0% of current Mfs Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Porate Bond lagged returns against current returns
Autocorrelation, which is Mfs Corporate 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 Corporate's mutual fund expected returns. We can calculate the autocorrelation of Mfs Corporate returns to help us make a trade decision. For example, suppose you find that Mfs Corporate 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 Corporate 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 Corporate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Corporate 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 Corporate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Corporate Lagged Returns
When evaluating Mfs Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Corporate mutual fund have on its future price. Mfs Corporate 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 Corporate autocorrelation shows the relationship between Mfs Corporate 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 Corporate 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 Corporate security.
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