Mfs New Discovery Fund Market Value
| MNDAX Fund | USD 26.88 0.07 0.26% |
| Symbol | Mfs |
Mfs New '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 New'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 New.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Mfs New on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Mfs New Discovery or generate 0.0% return on investment in Mfs New over 720 days. Mfs New is related to or competes with Mfs Mid, Massachusetts Investors, Mfs Growth, Mfs Value, and Mfs Corporate. The fund normally invests the funds assets primarily in equity securities More
Mfs New 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 New'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 New Discovery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.03 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.84 |
Mfs New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs New's standard deviation. In reality, there are many statistical measures that can use Mfs New historical prices to predict the future Mfs New's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0861 |
Mfs New Discovery Backtested Returns
At this stage we consider Mfs Mutual Fund to be very steady. Mfs New Discovery has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs New, which you can use to evaluate the volatility of the fund. Please verify Mfs New's Downside Deviation of 1.05, risk adjusted performance of 0.083, and Mean Deviation of 0.7996 to check out if the risk estimate we provide is consistent with the expected return of 0.11%. The fund secures a Beta (Market Risk) of 1.16, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mfs New will likely underperform.
Auto-correlation | -0.08 |
Very weak reverse predictability
Mfs New Discovery has very weak reverse predictability. Overlapping area represents the amount of predictability between Mfs New time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 New Discovery price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Mfs New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Mfs New Discovery lagged returns against current returns
Autocorrelation, which is Mfs New 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 New's mutual fund expected returns. We can calculate the autocorrelation of Mfs New returns to help us make a trade decision. For example, suppose you find that Mfs New 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 New 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 New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs New 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 New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs New Lagged Returns
When evaluating Mfs New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs New mutual fund have on its future price. Mfs New 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 New autocorrelation shows the relationship between Mfs New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs New Discovery.
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 New 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 New security.
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