Mfs Growth Allocation Fund Market Value
| MCGWX Fund | USD 23.74 0.11 0.46% |
| Symbol | Mfs |
Mfs Growth '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 Growth'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 Growth.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Mfs Growth on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Growth Allocation or generate 0.0% return on investment in Mfs Growth over 30 days. Mfs Growth is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Lifetime. The fund is designed to provide diversification among different asset classes by investing its assets in other mutual fu... More
Mfs Growth 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 Growth'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 Growth Allocation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.05 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.6719 |
Mfs Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Growth's standard deviation. In reality, there are many statistical measures that can use Mfs Growth historical prices to predict the future Mfs Growth's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.96) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Growth'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 Growth Allocation Backtested Returns
Mfs Growth Allocation has Sharpe Ratio of -0.13, which conveys that the entity had a -0.13% return per unit of risk over the last 3 months. Mfs Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Growth's Risk Adjusted Performance of (0.09), standard deviation of 0.799, and Mean Deviation of 0.4591 to check out the risk estimate we provide. The fund 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 Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Growth is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Mfs Growth Allocation has modest predictability. Overlapping area represents the amount of predictability between Mfs Growth time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Growth Allocation price movement. The serial correlation of 0.54 indicates that about 54.0% of current Mfs Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Mfs Growth Allocation lagged returns against current returns
Autocorrelation, which is Mfs Growth 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 Growth's mutual fund expected returns. We can calculate the autocorrelation of Mfs Growth returns to help us make a trade decision. For example, suppose you find that Mfs Growth 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 Growth 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 Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Growth 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 Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Growth Lagged Returns
When evaluating Mfs Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Growth mutual fund have on its future price. Mfs Growth 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 Growth autocorrelation shows the relationship between Mfs Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Growth Allocation.
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 Growth 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 Growth security.
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |