Mfs Municipal Limited Fund Market Value
| MTLCX Fund | USD 8.03 0.01 0.12% |
| Symbol | Mfs |
Mfs Municipal '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 Municipal'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 Municipal.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Mfs Municipal on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Municipal Limited or generate 0.0% return on investment in Mfs Municipal over 90 days. Mfs Municipal is related to or competes with Blackrock Inflation, Federated Hermes, Arrow Managed, Atac Inflation, Deutsche Global, and Short Duration. The investment seeks total return with an emphasis on income exempt from federal income tax, but also considering capita... More
Mfs Municipal 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 Municipal'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 Municipal Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2406 | |||
| Information Ratio | (0.91) | |||
| Maximum Drawdown | 0.7507 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.1256 |
Mfs Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Municipal's standard deviation. In reality, there are many statistical measures that can use Mfs Municipal historical prices to predict the future Mfs Municipal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 7.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | 0.0977 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Municipal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mfs Municipal Limited Backtested Returns
At this stage we consider Mfs Mutual Fund to be out of control. Mfs Municipal Limited has Sharpe Ratio of 0.0463, which conveys that the entity had a 0.0463% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mfs Municipal, which you can use to evaluate the volatility of the fund. Please verify Mfs Municipal's Mean Deviation of 0.0764, risk adjusted performance of (0.01), and Downside Deviation of 0.2406 to check out if the risk estimate we provide is consistent with the expected return of 0.006%. The fund secures a Beta (Market Risk) of -0.0407, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mfs Municipal are expected to decrease at a much lower rate. During the bear market, Mfs Municipal is likely to outperform the market.
Auto-correlation | -0.41 |
Modest reverse predictability
Mfs Municipal Limited has modest reverse predictability. Overlapping area represents the amount of predictability between Mfs Municipal time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Municipal Limited price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Mfs Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Municipal Limited lagged returns against current returns
Autocorrelation, which is Mfs Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Mfs Municipal returns to help us make a trade decision. For example, suppose you find that Mfs Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Municipal Lagged Returns
When evaluating Mfs Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Municipal mutual fund have on its future price. Mfs Municipal 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 Municipal autocorrelation shows the relationship between Mfs Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Municipal Limited.
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 Municipal 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 Municipal security.
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