Mfs Technology Fund Market Value

MTCIX Fund  USD 72.43  1.08  1.51%   
Mfs Technology's market value is the price at which a share of Mfs Technology trades on a public exchange. It measures the collective expectations of Mfs Technology Fund investors about its performance. Mfs Technology is trading at 72.43 as of the 5th of January 2025; that is 1.51 percent increase since the beginning of the trading day. The fund's open price was 71.35.
With this module, you can estimate the performance of a buy and hold strategy of Mfs Technology Fund and determine expected loss or profit from investing in Mfs Technology over a given investment horizon. Check out Mfs Technology Correlation, Mfs Technology Volatility and Mfs Technology Alpha and Beta module to complement your research on Mfs Technology.
Symbol

Please note, there is a significant difference between Mfs Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mfs Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mfs Technology'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 Technology '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 Technology'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 Technology.
0.00
11/06/2024
No Change 0.00  0.0 
In 2 months and 1 day
01/05/2025
0.00
If you would invest  0.00  in Mfs Technology on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Technology Fund or generate 0.0% return on investment in Mfs Technology over 60 days. Mfs Technology is related to or competes with Mfs New, Mfs Mid, Mfs Growth, and Mfs Utilities. The fund normally invests at least 80 percent of the funds net assets in securities of issuers principally engaged in of... More

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

Mfs Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Technology's standard deviation. In reality, there are many statistical measures that can use Mfs Technology historical prices to predict the future Mfs Technology's volatility.
Hype
Prediction
LowEstimatedHigh
70.5072.4374.36
Details
Intrinsic
Valuation
LowRealHigh
71.7873.7175.64
Details

Mfs Technology Backtested Returns

Mfs Technology has Sharpe Ratio of -0.0222, which conveys that the entity had a -0.0222% return per unit of risk over the last 3 months. Mfs Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Technology's Standard Deviation of 1.9, insignificant risk adjusted performance, and Mean Deviation of 1.06 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. Mfs Technology returns are very sensitive to returns on the market. As the market goes up or down, Mfs Technology is expected to follow.

Auto-correlation

    
  0.22  

Weak predictability

Mfs Technology Fund has weak predictability. Overlapping area represents the amount of predictability between Mfs Technology time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th 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 Technology price movement. The serial correlation of 0.22 indicates that over 22.0% of current Mfs Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.15
Residual Average0.0
Price Variance25.25

Mfs Technology lagged returns against current returns

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

Mfs Technology Lagged Returns

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

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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 Technology 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 Technology security.
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