Mfs Income Fund Market Value
| MFIWX Fund | USD 5.84 0.01 0.17% |
| Symbol | Mfs |
Mfs Income '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 Income'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 Income.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Mfs Income on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Income Fund or generate 0.0% return on investment in Mfs Income over 60 days. Mfs Income is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Lifetime. MFS normally invests the funds assets primarily in a broad range of debt instruments issued by U.S More
Mfs Income 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 Income'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 Income Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.5085 |
Mfs Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Income's standard deviation. In reality, there are many statistical measures that can use Mfs Income historical prices to predict the future Mfs Income's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Income'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 Income Fund Backtested Returns
Mfs Income Fund 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 Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Income's Mean Deviation of 0.2281, standard deviation of 0.3065, and Risk Adjusted Performance of (0.16) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.0354, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Income is expected to be smaller as well.
Auto-correlation | -0.23 |
Weak reverse predictability
Mfs Income Fund has weak reverse predictability. Overlapping area represents the amount of predictability between Mfs Income time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Income Fund price movement. The serial correlation of -0.23 indicates that over 23.0% of current Mfs Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Mfs Income Fund lagged returns against current returns
Autocorrelation, which is Mfs Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Mfs Income returns to help us make a trade decision. For example, suppose you find that Mfs Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Income Lagged Returns
When evaluating Mfs Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Income mutual fund have on its future price. Mfs Income 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 Income autocorrelation shows the relationship between Mfs Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Income Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Mfs Mutual Fund
Mfs Income 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 Income security.
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