Mfs Government Markets Etf Market Value
| MGF Etf | USD 3.15 0.01 0.32% |
| Symbol | MFS |
The market value of MFS Government Markets is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS Government's value that differs from its market value or its book value, called intrinsic value, which is MFS Government's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS Government's market value can be influenced by many factors that don't directly affect MFS Government's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS Government's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Government is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Government'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 Government '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 Government's etf 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 Government.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in MFS Government on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding MFS Government Markets or generate 0.0% return on investment in MFS Government over 90 days. MFS Government is related to or competes with MFS Investment, Eaton Vance, Nuveen California, Federated Premier, Blackrock Muniholdings, MFS High, and MFS High. MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Fina... More
MFS Government 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 Government's etf 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 Government Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6979 | |||
| Information Ratio | 0.2631 | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 0.9615 |
MFS Government Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS Government's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS Government's standard deviation. In reality, there are many statistical measures that can use MFS Government historical prices to predict the future MFS Government's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | 0.1175 | |||
| Sortino Ratio | 0.2269 | |||
| Treynor Ratio | 0.093 |
MFS Government Markets Backtested Returns
At this point, MFS Government is not too volatile. MFS Government Markets has Sharpe Ratio of 0.0683, which conveys that the entity had a 0.0683 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for MFS Government, which you can use to evaluate the volatility of the etf. Please verify MFS Government's Market Risk Adjusted Performance of 0.103, mean deviation of 0.4721, and Risk Adjusted Performance of 0.0326 to check out if the risk estimate we provide is consistent with the expected return of 0.0391%. The etf secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MFS Government's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFS Government is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
MFS Government Markets has virtually no predictability. Overlapping area represents the amount of predictability between MFS Government time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Government Markets price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current MFS Government price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS Government Markets lagged returns against current returns
Autocorrelation, which is MFS Government etf'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 Government's etf expected returns. We can calculate the autocorrelation of MFS Government returns to help us make a trade decision. For example, suppose you find that MFS Government has exhibited high autocorrelation historically, and you observe that the etf 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 Government 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 Government etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS Government etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS Government etf over time.
Current vs Lagged Prices |
| Timeline |
MFS Government Lagged Returns
When evaluating MFS Government's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS Government etf have on its future price. MFS Government 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 Government autocorrelation shows the relationship between MFS Government etf current value and its past values and can show if there is a momentum factor associated with investing in MFS Government Markets.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MFS Etf
MFS Government financial ratios help investors to determine whether MFS Etf 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 Government security.