Mfs Utilities Fund Market Value

MMUFX Fund  USD 24.22  0.07  0.29%   
Mfs Utilities' market value is the price at which a share of Mfs Utilities trades on a public exchange. It measures the collective expectations of Mfs Utilities Fund investors about its performance. Mfs Utilities is trading at 24.22 as of the 5th of December 2024; that is 0.29% down since the beginning of the trading day. The fund's open price was 24.29.
With this module, you can estimate the performance of a buy and hold strategy of Mfs Utilities Fund and determine expected loss or profit from investing in Mfs Utilities over a given investment horizon. Check out Mfs Utilities Correlation, Mfs Utilities Volatility and Mfs Utilities Alpha and Beta module to complement your research on Mfs Utilities.
Symbol

Please note, there is a significant difference between Mfs Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Utilities' 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 Utilities '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 Utilities' 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 Utilities.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in Mfs Utilities on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding Mfs Utilities Fund or generate 0.0% return on investment in Mfs Utilities over 720 days. Mfs Utilities is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Alabama. The fund normally invests at least 80 percent of its net assets in securities of issuers in the utilities industry More

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

Mfs Utilities Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Utilities' standard deviation. In reality, there are many statistical measures that can use Mfs Utilities historical prices to predict the future Mfs Utilities' volatility.
Hype
Prediction
LowEstimatedHigh
23.3224.2225.12
Details
Intrinsic
Valuation
LowRealHigh
23.2124.1125.01
Details
Naive
Forecast
LowNextHigh
23.6124.5125.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.0424.3924.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Mfs Utilities. Your research has to be compared to or analyzed against Mfs Utilities' peers to derive any actionable benefits. When done correctly, Mfs Utilities' 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 Utilities.

Mfs Utilities Backtested Returns

At this stage we consider Mfs Mutual Fund to be very steady. Mfs Utilities has Sharpe Ratio of 0.056, which conveys that the entity had a 0.056% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs Utilities, which you can use to evaluate the volatility of the fund. Please verify Mfs Utilities' Downside Deviation of 0.9581, mean deviation of 0.7019, and Risk Adjusted Performance of 0.0476 to check out if the risk estimate we provide is consistent with the expected return of 0.0506%. The fund secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Utilities is expected to be smaller as well.

Auto-correlation

    
  -0.73  

Almost perfect reverse predictability

Mfs Utilities Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mfs Utilities time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Utilities price movement. The serial correlation of -0.73 indicates that around 73.0% of current Mfs Utilities price fluctuation can be explain by its past prices.
Correlation Coefficient-0.73
Spearman Rank Test-0.6
Residual Average0.0
Price Variance3.28

Mfs Utilities lagged returns against current returns

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

Mfs Utilities Lagged Returns

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

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Other Information on Investing in Mfs Mutual Fund

Mfs Utilities 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 Utilities security.
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