Mfs New Discovery Fund Odds of Future Mutual Fund Price Finishing Over 32.89
| MNDKX Fund | USD 32.51 0.21 0.64% |
Mfs |
Mfs New Target Price Odds to finish over 32.89
The tendency of Mfs Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 32.89 or more in 90 days |
| 32.51 | 90 days | 32.89 | about 16.8 |
Based on a normal probability distribution, the odds of Mfs New to move over $ 32.89 or more in 90 days from now is about 16.8 (This Mfs New Discovery probability density function shows the probability of Mfs Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Mfs New Discovery price to stay between its current price of $ 32.51 and $ 32.89 at the end of the 90-day period is about 10.5 .
Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.09 . This indicates Mfs New Discovery market returns are sensitive to returns on the market. As the market goes up or down, Mfs New is expected to follow. Additionally Mfs New Discovery has an alpha of 0.016, implying that it can generate a 0.016 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mfs New Price Density |
| Price |
Predictive Modules for Mfs New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mfs New Discovery. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Mfs New Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mfs New is not an exception. The market had few large corrections towards the Mfs New's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Mfs New Discovery, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mfs New within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 1.09 | |
σ | Overall volatility | 1.06 | |
Ir | Information ratio | 0.03 |
Mfs New Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Mfs New for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mfs New Discovery can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of -3.0% | |
| Mfs New Discovery maintains 95.61% of its assets in stocks |
Mfs New Technical Analysis
Mfs New's future price can be derived by breaking down and analyzing its technical indicators over time. Mfs Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mfs New Discovery. In general, you should focus on analyzing Mfs Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Mfs New Predictive Forecast Models
Mfs New's time-series forecasting models is one of many Mfs New's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Mfs New's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Mfs New Discovery
Checking the ongoing alerts about Mfs New for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mfs New Discovery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of -3.0% | |
| Mfs New Discovery maintains 95.61% of its assets in stocks |
Other Information on Investing in Mfs Mutual Fund
Mfs New 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 New security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |