MFS Government Three Year Return vs. Price To Book
| MGF Etf | USD 3.12 0.03 0.97% |
For MFS Government profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MFS Government to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MFS Government Markets utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MFS Government's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MFS Government Markets over time as well as its relative position and ranking within its peers.
MFS |
The market value of MFS Government Markets is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS Government's value that differs from its market value or its book value, called intrinsic value, which is MFS Government's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS Government's market value can be influenced by many factors that don't directly affect MFS Government's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Government'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 Government Markets Price To Book vs. Three Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MFS Government's current stock value. Our valuation model uses many indicators to compare MFS Government value to that of its competitors to determine the firm's financial worth. MFS Government Markets is rated number one ETF in three year return as compared to similar ETFs. It is regarded second largest ETF in price to book as compared to similar ETFs . Comparative valuation analysis is a catch-all technique that is used if you cannot value MFS Government by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.MFS Price To Book vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
MFS Government |
| = | (2.52) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
MFS Government |
| = | 0.71 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
MFS Price To Book Comparison
MFS Government is currently under evaluation in price to book as compared to similar ETFs.
MFS Government Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MFS Government, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MFS Government will eventually generate negative long term returns. The profitability progress is the general direction of MFS Government's change in net profit over the period of time. It can combine multiple indicators of MFS Government, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S. government agencies, international sovereigns, U.S. treasuries, cash and other net assets, emerging markets debt, high grade corporates, and residential mortgage backed securities. It benchmarks the performance of its portfolio against the Barclays U.S. GovernmentMortgage Bond Index. MFS Government Markets Income Trust was formed in May 28, 1987 and is domiciled in the United States.
MFS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MFS Government. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of MFS Government position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the MFS Government's important profitability drivers and their relationship over time.
Use MFS Government in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MFS Government position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MFS Government will appreciate offsetting losses from the drop in the long position's value.MFS Government Pair Trading
MFS Government Markets Pair Trading Analysis
The ability to find closely correlated positions to MFS Government could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MFS Government when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MFS Government - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MFS Government Markets to buy it.
The correlation of MFS Government is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MFS Government moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MFS Government Markets moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MFS Government can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your MFS Government position
In addition to having MFS Government in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run World Allocation Funds Thematic Idea Now
World Allocation Funds
Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize World Allocation Funds Theme or any other thematic opportunities.
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Other Information on Investing in MFS Etf
To fully project MFS Government's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MFS Government Markets at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include MFS Government's income statement, its balance sheet, and the statement of cash flows.