Mfs Global Real Fund Market Value
| MGLCX Fund | USD 17.20 0.14 0.81% |
| 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.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Mfs Global on February 27, 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 270 days. Mfs Global is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Lifetime. 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.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.19 |
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 | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Global'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 Global Real Backtested Returns
Mfs Global Real has Sharpe Ratio of -0.0676, which conveys that the entity had a -0.0676% return per unit of risk over the last 3 months. Mfs Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Global's Standard Deviation of 0.7341, risk adjusted performance of (0.01), and Mean Deviation of 0.5754 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0519, 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 | -0.55 |
Good reverse predictability
Mfs Global Real has good reverse predictability. Overlapping area represents the amount of predictability between Mfs Global time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Global Real price movement. The serial correlation of -0.55 indicates that about 55.0% of current Mfs Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
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 |
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.
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