Mfs Global Real Fund Market Value

MGLAX Fund  USD 17.76  0.16  0.91%   
Mfs Global's market value is the price at which a share of Mfs Global trades on a public exchange. It measures the collective expectations of Mfs Global Real investors about its performance. Mfs Global is trading at 17.76 as of the 27th of November 2024; that is 0.91% up since the beginning of the trading day. The fund's open price was 17.6.
With this module, you can estimate the performance of a buy and hold strategy of Mfs Global Real and determine expected loss or profit from investing in Mfs Global over a given investment horizon. Check out Mfs Global Correlation, Mfs Global Volatility and Mfs Global Alpha and Beta module to complement your research on Mfs Global.
Symbol

Please note, there is a significant difference between Mfs Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Global'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 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.
0.00
10/28/2024
No Change 0.00  0.0 
In 31 days
11/27/2024
0.00
If you would invest  0.00  in Mfs Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Global Real or generate 0.0% return on investment in Mfs Global over 30 days. Mfs Global is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and American Century. The fund normally invests at least 80 percent of the funds net assets in 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 Real upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
17.0217.7618.50
Details
Intrinsic
Valuation
LowRealHigh
17.0317.7718.51
Details
Naive
Forecast
LowNextHigh
17.2417.9718.71
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.0017.3717.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mfs Global. Your research has to be compared to or analyzed against Mfs Global's peers to derive any actionable benefits. When done correctly, Mfs Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mfs Global Real.

Mfs Global Real Backtested Returns

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 Mean Deviation of 0.5828, risk adjusted performance of (0.01), and Standard Deviation of 0.7278 to check out if the risk estimate we provide is consistent with the expected return of 0.0%. The fund secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Global is expected to be smaller as well.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

Mfs Global Real has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mfs Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Real price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Mfs Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test-0.5
Residual Average0.0
Price Variance0.04

Mfs Global Real 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 Real.
   Regressed Prices   
       Timeline  

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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.
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