Mfs Growth Fund Market Value

MFEGX Fund  USD 214.63  0.86  0.40%   
Mfs Growth's market value is the price at which a share of Mfs Growth trades on a public exchange. It measures the collective expectations of Mfs Growth Fund investors about its performance. Mfs Growth is trading at 214.63 as of the 16th of December 2024; that is 0.4% down since the beginning of the trading day. The fund's open price was 215.49.
With this module, you can estimate the performance of a buy and hold strategy of Mfs Growth Fund and determine expected loss or profit from investing in Mfs Growth over a given investment horizon. Check out Mfs Growth Correlation, Mfs Growth Volatility and Mfs Growth Alpha and Beta module to complement your research on Mfs Growth.
Symbol

Please note, there is a significant difference between Mfs Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Growth'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 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.
0.00
11/16/2024
No Change 0.00  0.0 
In 31 days
12/16/2024
0.00
If you would invest  0.00  in Mfs Growth on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Growth Fund 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 normally invests the funds assets primarily in equity securities 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 Fund upside and downside potential and time the market with a certain degree of confidence.

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.
Hype
Prediction
LowEstimatedHigh
213.40214.29215.18
Details
Intrinsic
Valuation
LowRealHigh
193.17224.02224.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mfs Growth. Your research has to be compared to or analyzed against Mfs Growth's peers to derive any actionable benefits. When done correctly, Mfs Growth's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Mfs Growth Fund.

Mfs Growth Fund Backtested Returns

At this stage we consider Mfs Mutual Fund to be very steady. Mfs Growth Fund has Sharpe Ratio of 0.18, which conveys that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mfs Growth, which you can use to evaluate the volatility of the fund. Please verify Mfs Growth's Downside Deviation of 0.9685, risk adjusted performance of 0.1384, and Mean Deviation of 0.615 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. The fund secures a Beta (Market Risk) of 0.75, which conveys possible diversification benefits within a given portfolio. 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

    
  0.53  

Modest predictability

Mfs Growth Fund has modest predictability. Overlapping area represents the amount of predictability between Mfs Growth time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Fund price movement. The serial correlation of 0.53 indicates that about 53.0% of current Mfs Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.53
Spearman Rank Test0.7
Residual Average0.0
Price Variance3.83

Mfs Growth Fund 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 Fund.
   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.
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