Mfs California Municipal Fund Market Value
| MBCAX Fund | USD 5.50 0.01 0.18% |
| Symbol | Mfs |
Mfs California '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 California'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 California.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mfs California on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs California Municipal or generate 0.0% return on investment in Mfs California over 90 days. Mfs California is related to or competes with Gabelli Gold, Oppenheimer Gold, Goldman Sachs, International Investors, and Sprott Gold. The fund invests, under normal market conditions, at least 80 percent of its net assets in securities and other investme... More
Mfs California 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 California'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 California Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2111 | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.363 |
Mfs California Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs California's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs California's standard deviation. In reality, there are many statistical measures that can use Mfs California historical prices to predict the future Mfs California's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | (1.00) |
Mfs California Municipal Backtested Returns
Mfs California Municipal has Sharpe Ratio of -0.0619, which conveys that the entity had a -0.0619 % return per unit of risk over the last 3 months. Mfs California exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs California's Standard Deviation of 0.2908, risk adjusted performance of (0.13), and Mean Deviation of 0.2246 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0476, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs California's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs California is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Mfs California Municipal has very good reverse predictability. Overlapping area represents the amount of predictability between Mfs California time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 California Municipal price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Mfs California price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs California Municipal lagged returns against current returns
Autocorrelation, which is Mfs California 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 California's mutual fund expected returns. We can calculate the autocorrelation of Mfs California returns to help us make a trade decision. For example, suppose you find that Mfs California 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 California 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 California mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs California 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 California mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs California Lagged Returns
When evaluating Mfs California's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs California mutual fund have on its future price. Mfs California 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 California autocorrelation shows the relationship between Mfs California mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs California Municipal.
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 California 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 California security.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |