Mfs Intermediate Income Stock Market Value
| MIN Stock | USD 2.69 0.02 0.75% |
| Symbol | MFS |
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS Intermediate. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS Intermediate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of MFS Intermediate Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS Intermediate's value that differs from its market value or its book value, called intrinsic value, which is MFS Intermediate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS Intermediate's market value can be influenced by many factors that don't directly affect MFS Intermediate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Intermediate'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 Intermediate '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 Intermediate's stock 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 Intermediate.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in MFS Intermediate on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding MFS Intermediate Income or generate 0.0% return on investment in MFS Intermediate over 300 days. MFS Intermediate is related to or competes with MFS Government, MFS Multimarket, MFS Charter, Putnam Premier, and Putnam Master. MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial... More
MFS Intermediate 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 Intermediate's stock 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 Intermediate Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.7547 |
MFS Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS Intermediate's standard deviation. In reality, there are many statistical measures that can use MFS Intermediate historical prices to predict the future MFS Intermediate's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.34) |
MFS Intermediate Income Backtested Returns
MFS Intermediate Income has Sharpe Ratio of -0.0249, which conveys that the firm had a -0.0249% return per unit of standard deviation over the last 3 months. MFS Intermediate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MFS Intermediate's Market Risk Adjusted Performance of (0.33), risk adjusted performance of (0.02), and Mean Deviation of 0.4451 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0755, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MFS Intermediate's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFS Intermediate is expected to be smaller as well. At this point, MFS Intermediate Income has a negative expected return of -0.0156%. Please make sure to verify MFS Intermediate's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if MFS Intermediate Income performance from the past will be repeated at future time.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
MFS Intermediate Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MFS Intermediate time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Intermediate Income price movement. The serial correlation of -0.78 indicates that around 78.0% of current MFS Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS Intermediate Income lagged returns against current returns
Autocorrelation, which is MFS Intermediate stock'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 Intermediate's stock expected returns. We can calculate the autocorrelation of MFS Intermediate returns to help us make a trade decision. For example, suppose you find that MFS Intermediate has exhibited high autocorrelation historically, and you observe that the stock 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 Intermediate 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 Intermediate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS Intermediate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS Intermediate stock over time.
Current vs Lagged Prices |
| Timeline |
MFS Intermediate Lagged Returns
When evaluating MFS Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS Intermediate stock have on its future price. MFS Intermediate 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 Intermediate autocorrelation shows the relationship between MFS Intermediate stock current value and its past values and can show if there is a momentum factor associated with investing in MFS Intermediate Income.
Regressed Prices |
| Timeline |
Pair Trading with MFS Intermediate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MFS Intermediate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MFS Intermediate will appreciate offsetting losses from the drop in the long position's value.Moving against MFS Stock
| 0.55 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
| 0.54 | DIST | Distoken Acquisition | PairCorr |
| 0.54 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.54 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.53 | PX | P10 Inc | PairCorr |
The ability to find closely correlated positions to MFS Intermediate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS Intermediate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MFS Intermediate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MFS Intermediate Income to buy it.
The correlation of MFS Intermediate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Intermediate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Intermediate Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MFS Intermediate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out MFS Intermediate Correlation, MFS Intermediate Volatility and MFS Intermediate Alpha and Beta module to complement your research on MFS Intermediate. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
MFS Intermediate technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.