Mfs International Diversification Fund Market Value

MDIJX Fund  USD 24.59  0.31  1.28%   
Mfs International's market value is the price at which a share of Mfs International trades on a public exchange. It measures the collective expectations of Mfs International Diversification investors about its performance. Mfs International is trading at 24.59 as of the 17th of March 2025; that is 1.28 percent increase since the beginning of the trading day. The fund's open price was 24.28.
With this module, you can estimate the performance of a buy and hold strategy of Mfs International Diversification and determine expected loss or profit from investing in Mfs International over a given investment horizon. Check out Mfs International Correlation, Mfs International Volatility and Mfs International Alpha and Beta module to complement your research on Mfs International.
Symbol

Please note, there is a significant difference between Mfs International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs International'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 International '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 International'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 International.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Mfs International on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs International Diversification or generate 0.0% return on investment in Mfs International over 90 days. Mfs International is related to or competes with Mfs Growth, Prudential Total, Mfs Value, John Hancock, and Jpmorgan Equity. The fund is designed to provide diversification within the international asset class by investing the majority of its as... More

Mfs International 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 International'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 International Diversification upside and downside potential and time the market with a certain degree of confidence.

Mfs International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs International's standard deviation. In reality, there are many statistical measures that can use Mfs International historical prices to predict the future Mfs International's volatility.
Hype
Prediction
LowEstimatedHigh
23.7824.5925.40
Details
Intrinsic
Valuation
LowRealHigh
24.1524.9625.77
Details
Naive
Forecast
LowNextHigh
23.7624.5725.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.9724.4324.89
Details

Mfs International Backtested Returns

At this stage we consider Mfs Mutual Fund to be very steady. Mfs International has Sharpe Ratio of 0.0947, which conveys that the entity had a 0.0947 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs International, which you can use to evaluate the volatility of the fund. Please verify Mfs International's Downside Deviation of 0.8559, risk adjusted performance of 0.0451, and Mean Deviation of 0.578 to check out if the risk estimate we provide is consistent with the expected return of 0.0767%. The fund secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mfs International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs International is expected to be smaller as well.

Auto-correlation

    
  0.24  

Weak predictability

Mfs International Diversification has weak predictability. Overlapping area represents the amount of predictability between Mfs International 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 International price movement. The serial correlation of 0.24 indicates that over 24.0% of current Mfs International price fluctuation can be explain by its past prices.
Correlation Coefficient0.24
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.11

Mfs International lagged returns against current returns

Autocorrelation, which is Mfs International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Mfs International returns to help us make a trade decision. For example, suppose you find that Mfs International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs International 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 International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mfs International Lagged Returns

When evaluating Mfs International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs International mutual fund have on its future price. Mfs International 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 International autocorrelation shows the relationship between Mfs International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs International Diversification.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Mfs Mutual Fund

Mfs International 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 International security.
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