Mfs International Large Fund Market Value

MKVDX Fund  USD 14.24  0.07  0.49%   
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 Large investors about its performance. Mfs International is trading at 14.24 as of the 4th of December 2024; that is 0.49% up since the beginning of the trading day. The fund's open price was 14.17.
With this module, you can estimate the performance of a buy and hold strategy of Mfs International Large 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
06/07/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/04/2024
0.00
If you would invest  0.00  in Mfs International on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs International Large or generate 0.0% return on investment in Mfs International over 180 days. Mfs International is related to or competes with Mid-cap Value, Ultramid-cap Profund, American Century, Ultrasmall-cap Profund, Applied Finance, and Amg River. The fund normally invests at least 80 percent of its net assets in issuers with large market capitalizations 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 Large 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs International'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.
Hype
Prediction
LowEstimatedHigh
13.4814.2415.00
Details
Intrinsic
Valuation
LowRealHigh
13.5414.3015.06
Details
Naive
Forecast
LowNextHigh
13.6514.4115.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.0214.1314.23
Details

Mfs International Large Backtested Returns

Mfs International Large has Sharpe Ratio of -0.0361, which conveys that the entity had a -0.0361% return per unit of risk over the last 3 months. Mfs International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs International's Standard Deviation of 0.7733, risk adjusted performance of (0.04), and Mean Deviation of 0.6332 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.43, 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

    
  -0.55  

Good reverse predictability

Mfs International Large has good reverse predictability. Overlapping area represents the amount of predictability between Mfs International time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th 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 International Large price movement. The serial correlation of -0.55 indicates that about 55.0% of current Mfs International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.4
Residual Average0.0
Price Variance0.08

Mfs International Large 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 Large.
   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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