Mfs Georgia Municipal Fund Market Value
| MMGAX Fund | USD 10.25 0.02 0.20% |
| Symbol | Mfs |
Mfs Georgia '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 Georgia'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 Georgia.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Mfs Georgia on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Georgia Municipal or generate 0.0% return on investment in Mfs Georgia over 30 days. Mfs Georgia is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Lifetime. The fund invests, under normal market conditions, at least 80 percent of its net assets in securities and other investme... More
Mfs Georgia 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 Georgia'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 Georgia Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4619 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.2988 |
Mfs Georgia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Georgia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Georgia's standard deviation. In reality, there are many statistical measures that can use Mfs Georgia historical prices to predict the future Mfs Georgia's volatility.| Risk Adjusted Performance | 0.0522 | |||
| Jensen Alpha | 0.0289 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.14) |
Mfs Georgia Municipal Backtested Returns
At this stage we consider Mfs Mutual Fund to be very steady. Mfs Georgia Municipal has Sharpe Ratio of 0.0709, which conveys that the entity had a 0.0709% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mfs Georgia, which you can use to evaluate the volatility of the fund. Please verify Mfs Georgia's Mean Deviation of 0.1759, downside deviation of 0.4619, and Risk Adjusted Performance of 0.0522 to check out if the risk estimate we provide is consistent with the expected return of 0.0204%. The fund secures a Beta (Market Risk) of -0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Georgia are expected to decrease at a much lower rate. During the bear market, Mfs Georgia is likely to outperform the market.
Auto-correlation | 0.51 |
Modest predictability
Mfs Georgia Municipal has modest predictability. Overlapping area represents the amount of predictability between Mfs Georgia time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Georgia Municipal price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mfs Georgia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Georgia Municipal lagged returns against current returns
Autocorrelation, which is Mfs Georgia 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 Georgia's mutual fund expected returns. We can calculate the autocorrelation of Mfs Georgia returns to help us make a trade decision. For example, suppose you find that Mfs Georgia 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 Georgia 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 Georgia mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Georgia 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 Georgia mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Georgia Lagged Returns
When evaluating Mfs Georgia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Georgia mutual fund have on its future price. Mfs Georgia 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 Georgia autocorrelation shows the relationship between Mfs Georgia mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Georgia Municipal.
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 Georgia 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 Georgia security.
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