Mfs Union Standard Fund Market Value
| MUSEX Fund | USD 36.48 0.42 1.16% |
| Symbol | Mfs |
Mfs Union '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 Union'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 Union.
| 06/26/2024 |
| 12/23/2024 |
If you would invest 0.00 in Mfs Union on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Union Standard or generate 0.0% return on investment in Mfs Union over 180 days. Mfs Union is related to or competes with Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, Mfs Prudent, and Mfs Lifetime. The fund normally invests at least 80 percent of the funds net assets in equity securities More
Mfs Union 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 Union'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 Union Standard upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.14 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 0.9578 |
Mfs Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Union's standard deviation. In reality, there are many statistical measures that can use Mfs Union historical prices to predict the future Mfs Union's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Union'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 Union Standard Backtested Returns
Mfs Union Standard has Sharpe Ratio of -0.0583, which conveys that the entity had a -0.0583% return per unit of risk over the last 3 months. Mfs Union exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Union's Mean Deviation of 0.6733, standard deviation of 1.4, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. Mfs Union returns are very sensitive to returns on the market. As the market goes up or down, Mfs Union is expected to follow.
Auto-correlation | -0.3 |
Weak reverse predictability
Mfs Union Standard has weak reverse predictability. Overlapping area represents the amount of predictability between Mfs Union time series from 26th of June 2024 to 24th of September 2024 and 24th of September 2024 to 23rd 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 Union Standard price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Mfs Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
Mfs Union Standard lagged returns against current returns
Autocorrelation, which is Mfs Union 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 Union's mutual fund expected returns. We can calculate the autocorrelation of Mfs Union returns to help us make a trade decision. For example, suppose you find that Mfs Union 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 Union 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 Union mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Union 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 Union mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Union Lagged Returns
When evaluating Mfs Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Union mutual fund have on its future price. Mfs Union 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 Union autocorrelation shows the relationship between Mfs Union mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Union Standard.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Union 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 Union security.
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