Mfs Municipal Income Stock Technical Analysis
| MFM Stock | USD 5.53 0.01 0.18% |
As of the 22nd of November, MFS Municipal secures the Mean Deviation of 0.4463, market risk adjusted performance of 0.0659, and insignificant Risk Adjusted Performance. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of MFS Municipal Income, as well as the relationship between them. Please verify MFS Municipal Income risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if MFS Municipal Income is priced more or less accurately, providing market reflects its recent price of 5.53 per share. Given that MFS Municipal Income has information ratio of (0.17), we recommend you to check MFS Municipal's last-minute market performance to make sure the company can sustain itself at some point in the future.
MFS Municipal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MFS, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MFSMFS |
MFS Municipal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
MFS Municipal Income Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of MFS Municipal Income volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MFS Municipal Income Trend Analysis
Use this graph to draw trend lines for MFS Municipal Income. You can use it to identify possible trend reversals for MFS Municipal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual MFS Municipal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MFS Municipal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MFS Municipal Income applied against its price change over selected period. The best fit line has a slop of 0.0014 , which may imply that the returns on investment in MFS Municipal Income will continue to fail. It has 122 observation points and a regression sum of squares at 0.08, which is the sum of squared deviations for the predicted MFS Municipal price change compared to its average price change.About MFS Municipal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of MFS Municipal Income on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of MFS Municipal Income based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MFS Municipal Income price pattern first instead of the macroeconomic environment surrounding MFS Municipal Income. By analyzing MFS Municipal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of MFS Municipal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to MFS Municipal specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | PTB Ratio | 0.88 | 0.97 | 1.0 | Dividend Yield | 0.0552 | 0.0559 | 0.0612 |
MFS Municipal November 22, 2024 Technical Indicators
Most technical analysis of MFS help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for MFS from various momentum indicators to cycle indicators. When you analyze MFS charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | 0.0659 | |||
| Mean Deviation | 0.4463 | |||
| Coefficient Of Variation | (54,831) | |||
| Standard Deviation | 0.5829 | |||
| Variance | 0.3398 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | 0.0058 | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.0559 | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.8865 | |||
| Skewness | (0.14) | |||
| Kurtosis | 0.192 |
MFS Municipal November 22, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as MFS stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 957.30 | ||
| Daily Balance Of Power | (0.25) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 5.52 | ||
| Day Typical Price | 5.52 | ||
| Price Action Indicator | 0.01 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MFS Municipal Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS Municipal. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.228 | Dividend Share 0.22 | Earnings Share 0.17 | Revenue Per Share 0.415 | Quarterly Revenue Growth 0.053 |
The market value of MFS Municipal Income 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 Municipal's value that differs from its market value or its book value, called intrinsic value, which is MFS Municipal'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 Municipal's market value can be influenced by many factors that don't directly affect MFS Municipal'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 Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Municipal'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.