Mfs North Carolina Fund Market Value
| MBNCX Fund | USD 10.76 0.01 0.09% |
| Symbol | Mfs |
Mfs North '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 North'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 North.
| 09/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Mfs North on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs North Carolina or generate 0.0% return on investment in Mfs North over 90 days. Mfs North is related to or competes with Morningstar Defensive, Pace High, National Tax, Bbh Intermediate, and Blrc Sgy. The fund invests, under normal market conditions, at least 80 percent of its net assets in securities and other investme... More
Mfs North 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 North'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 North Carolina upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.66 | |||
| Value At Risk | (0.55) | |||
| Potential Upside | 0.363 |
Mfs North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs North's standard deviation. In reality, there are many statistical measures that can use Mfs North historical prices to predict the future Mfs North's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs North'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 North Carolina Backtested Returns
Mfs North Carolina has Sharpe Ratio of -0.12, which conveys that the entity had a -0.12% return per unit of risk over the last 3 months. Mfs North exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs North's Risk Adjusted Performance of (0.1), mean deviation of 0.1982, and Standard Deviation of 0.2956 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0564, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs North's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs North is expected to be smaller as well.
Auto-correlation | 0.33 |
Below average predictability
Mfs North Carolina has below average predictability. Overlapping area represents the amount of predictability between Mfs North time series from 30th of September 2024 to 14th of November 2024 and 14th of November 2024 to 29th of December 2024. 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 North Carolina price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Mfs North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mfs North Carolina lagged returns against current returns
Autocorrelation, which is Mfs North 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 North's mutual fund expected returns. We can calculate the autocorrelation of Mfs North returns to help us make a trade decision. For example, suppose you find that Mfs North 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 North 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 North mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs North 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 North mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs North Lagged Returns
When evaluating Mfs North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs North mutual fund have on its future price. Mfs North 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 North autocorrelation shows the relationship between Mfs North mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs North Carolina.
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 North 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 North security.
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