Mfs High Income Stock Market Value
| CXE Stock | USD 3.82 0.03 0.79% |
| Symbol | MFS |
MFS High Income Price To Book Ratio
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 High. 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 High 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 22.075 | Dividend Share 0.18 | Earnings Share 0.52 | Revenue Per Share | Quarterly Revenue Growth 0.013 |
The market value of MFS High 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 High's value that differs from its market value or its book value, called intrinsic value, which is MFS High'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 High's market value can be influenced by many factors that don't directly affect MFS High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS High'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 High '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 High's stock 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 High.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in MFS High on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding MFS High Income or generate 0.0% return on investment in MFS High over 30 days. MFS High is related to or competes with MFS Investment, Eaton Vance, Blackrock Muniholdings, Nuveen California, Blackrock Munivest, DTF Tax, and John Hancock. MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financia... More
MFS High 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 High's stock 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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9053 | |||
| Information Ratio | 0.0402 | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.34 |
MFS High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS High's standard deviation. In reality, there are many statistical measures that can use MFS High historical prices to predict the future MFS High's volatility.| Risk Adjusted Performance | 0.0335 | |||
| Jensen Alpha | 0.0258 | |||
| Total Risk Alpha | 0.032 | |||
| Sortino Ratio | 0.0349 | |||
| Treynor Ratio | 0.2288 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MFS High'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 High Income Backtested Returns
MFS High Income has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of standard deviation over the last 3 months. MFS High exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MFS High's Market Risk Adjusted Performance of 0.2388, risk adjusted performance of 0.0335, and Mean Deviation of 0.5894 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MFS High's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFS High is expected to be smaller as well. At this point, MFS High Income has a negative expected return of -0.0013%. Please make sure to verify MFS High's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if MFS High Income performance from the past will be repeated at future time.
Auto-correlation | 0.83 |
Very good predictability
MFS High Income has very good predictability. Overlapping area represents the amount of predictability between MFS High time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. 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 High Income price movement. The serial correlation of 0.83 indicates that around 83.0% of current MFS High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS High Income lagged returns against current returns
Autocorrelation, which is MFS High stock'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 High's stock expected returns. We can calculate the autocorrelation of MFS High returns to help us make a trade decision. For example, suppose you find that MFS High has exhibited high autocorrelation historically, and you observe that the stock 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 High 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 High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS High stock over time.
Current vs Lagged Prices |
| Timeline |
MFS High Lagged Returns
When evaluating MFS High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS High stock have on its future price. MFS High 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 High autocorrelation shows the relationship between MFS High stock current value and its past values and can show if there is a momentum factor associated with investing in MFS High Income.
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.When determining whether MFS High Income is a strong investment it is important to analyze MFS High's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MFS High's future performance. For an informed investment choice regarding MFS Stock, refer to the following important reports:Check out MFS High Correlation, MFS High Volatility and MFS High Alpha and Beta module to complement your research on MFS High. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
MFS High 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.