Mfs Global Bond Fund Market Value
| MGBOX Fund | USD 8.17 0.02 0.25% |
| Symbol | Mfs |
Mfs Global '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 Global'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 Global.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Mfs Global on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Global Bond or generate 0.0% return on investment in Mfs Global over 30 days. Mfs Global is related to or competes with Financial Industries, T Rowe, Mesirow Financial, T Rowe, Multisector Bond, and Blrc Sgy. The fund normally invests at least 80 percent of the funds net assets in debt instruments of U.S More
Mfs Global 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 Global'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 Global Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 0.9786 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.3667 |
Mfs Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Global's standard deviation. In reality, there are many statistical measures that can use Mfs Global historical prices to predict the future Mfs Global's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.6903 |
Mfs Global Bond Backtested Returns
At this stage we consider Mfs Mutual Fund to be very steady. Mfs Global Bond has Sharpe Ratio of 0.0095, which conveys that the entity had a 0.0095% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Mfs Global, which you can use to evaluate the volatility of the fund. Please verify Mfs Global's Standard Deviation of 0.2305, risk adjusted performance of (0.03), and Mean Deviation of 0.1838 to check out if the risk estimate we provide is consistent with the expected return of 0.0022%. The fund secures a Beta (Market Risk) of -0.0168, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Global are expected to decrease at a much lower rate. During the bear market, Mfs Global is likely to outperform the market.
Auto-correlation | 0.53 |
Modest predictability
Mfs Global Bond has modest predictability. Overlapping area represents the amount of predictability between Mfs Global time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Global Bond price movement. The serial correlation of 0.53 indicates that about 53.0% of current Mfs Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Global Bond lagged returns against current returns
Autocorrelation, which is Mfs Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Mfs Global returns to help us make a trade decision. For example, suppose you find that Mfs Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Global Lagged Returns
When evaluating Mfs Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Global mutual fund have on its future price. Mfs Global 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 Global autocorrelation shows the relationship between Mfs Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Global 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 Global 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 Global security.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |