Mfs Total Return Fund Market Value

MSFRX Fund  USD 20.89  0.08  0.38%   
Mfs Total's market value is the price at which a share of Mfs Total trades on a public exchange. It measures the collective expectations of Mfs Total Return investors about its performance. Mfs Total is trading at 20.89 as of the 24th of November 2024; that is 0.38% down since the beginning of the trading day. The fund's open price was 20.97.
With this module, you can estimate the performance of a buy and hold strategy of Mfs Total Return and determine expected loss or profit from investing in Mfs Total over a given investment horizon. Check out Mfs Total Correlation, Mfs Total Volatility and Mfs Total Alpha and Beta module to complement your research on Mfs Total.
Symbol

Please note, there is a significant difference between Mfs Total's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Total is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Total'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 Total '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 Total'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 Total.
0.00
11/30/2023
No Change 0.00  0.0 
In 11 months and 27 days
11/24/2024
0.00
If you would invest  0.00  in Mfs Total on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Mfs Total Return or generate 0.0% return on investment in Mfs Total over 360 days. Mfs Total is related to or competes with Amg River, Pace Smallmedium, Vanguard Small-cap, Ultrasmall-cap Profund, Lord Abbett, Ultramid-cap Profund, and Columbia Small. The fund invests its assets in equity securities and debt instruments More

Mfs Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.

Mfs Total Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Total's standard deviation. In reality, there are many statistical measures that can use Mfs Total historical prices to predict the future Mfs Total's volatility.
Hype
Prediction
LowEstimatedHigh
20.4920.8921.29
Details
Intrinsic
Valuation
LowRealHigh
20.0020.4022.98
Details
Naive
Forecast
LowNextHigh
20.4420.8421.24
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
20.8420.9220.99
Details

Mfs Total Return Backtested Returns

At this stage we consider Mfs Mutual Fund to be very steady. Mfs Total Return has Sharpe Ratio of 0.0894, which conveys that the entity had a 0.0894% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs Total, which you can use to evaluate the volatility of the fund. Please verify Mfs Total's Mean Deviation of 0.3228, downside deviation of 0.3658, and Risk Adjusted Performance of 0.0786 to check out if the risk estimate we provide is consistent with the expected return of 0.0358%. The fund secures a Beta (Market Risk) of -0.0152, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Total are expected to decrease at a much lower rate. During the bear market, Mfs Total is likely to outperform the market.

Auto-correlation

    
  0.67  

Good predictability

Mfs Total Return has good predictability. Overlapping area represents the amount of predictability between Mfs Total time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Total Return price movement. The serial correlation of 0.67 indicates that around 67.0% of current Mfs Total price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.67
Residual Average0.0
Price Variance0.25

Mfs Total Return lagged returns against current returns

Autocorrelation, which is Mfs Total 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 Total's mutual fund expected returns. We can calculate the autocorrelation of Mfs Total returns to help us make a trade decision. For example, suppose you find that Mfs Total 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 Total 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 Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Total 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 Total mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mfs Total Lagged Returns

When evaluating Mfs Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Total mutual fund have on its future price. Mfs Total 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 Total autocorrelation shows the relationship between Mfs Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Total Return.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Mfs Mutual Fund

Mfs Total 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 Total security.
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