Mfs Technology Fund Market Value
| MTCLX Fund | USD 80.94 0.53 0.66% |
| Symbol | MFS |
Mfs Technology '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 Technology'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 Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Mfs Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Technology Fund or generate 0.0% return on investment in Mfs Technology over 30 days. Mfs Technology is related to or competes with Red Oak, Live Oak, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, and High-yield Municipal. The fund normally invests at least 80 percent of the funds net assets in securities of issuers principally engaged in of... More
Mfs Technology 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 Technology'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 Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.09 |
Mfs Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Technology's standard deviation. In reality, there are many statistical measures that can use Mfs Technology historical prices to predict the future Mfs Technology's volatility.| Risk Adjusted Performance | 0.0957 | |||
| Jensen Alpha | 0.0132 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0106 | |||
| Treynor Ratio | 0.1334 |
Mfs Technology Backtested Returns
At this stage we consider MFS Mutual Fund to be very steady. Mfs Technology has Sharpe Ratio of 0.13, which conveys that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs Technology, which you can use to evaluate the volatility of the fund. Please verify Mfs Technology's Downside Deviation of 1.43, risk adjusted performance of 0.0957, and Mean Deviation of 0.8376 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 1.02, which conveys a somewhat significant risk relative to the market. Mfs Technology returns are very sensitive to returns on the market. As the market goes up or down, Mfs Technology is expected to follow.
Auto-correlation | 0.48 |
Average predictability
Mfs Technology Fund has average predictability. Overlapping area represents the amount of predictability between Mfs Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Technology price movement. The serial correlation of 0.48 indicates that about 48.0% of current Mfs Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Mfs Technology lagged returns against current returns
Autocorrelation, which is Mfs Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Mfs Technology returns to help us make a trade decision. For example, suppose you find that Mfs Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Technology Lagged Returns
When evaluating Mfs Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Technology mutual fund have on its future price. Mfs Technology 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 Technology autocorrelation shows the relationship between Mfs Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Technology Fund.
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 Technology 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 Technology security.
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