Mfs California Municipal Fund Price on September 7, 2023
| MBCAX Fund | USD 5.68 0.01 0.18% |
If you're considering investing in Mfs Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Mfs California stands at 5.68, as last reported on the 8th of December, with the highest price reaching 5.68 and the lowest price hitting 5.68 during the day. At this stage we consider Mfs Mutual Fund to be very steady. Mfs California Municipal has Sharpe Ratio of 0.0429, which conveys that the entity had a 0.0429% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs California, which you can use to evaluate the volatility of the fund. Please verify Mfs California's Mean Deviation of 0.1574, downside deviation of 0.4654, and Risk Adjusted Performance of 0.0134 to check out if the risk estimate we provide is consistent with the expected return of 0.0112%.
Mfs Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Mfs |
Sharpe Ratio = 0.0429
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| Negative Returns | MBCAX |
Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Mfs California is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mfs California by adding it to a well-diversified portfolio.
Mfs California Valuation on September 7, 2023
It is possible to determine the worth of Mfs California on a given historical date. On September 7, 2023 Mfs was worth 5.22 at the beginning of the trading date compared to the closed value of 5.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mfs California mutual fund. Still, in general, we apply an absolute valuation method to find Mfs California's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mfs California where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mfs California's related companies.
| Open | High | Low | Close | Volume | |
| 5.23 | 5.23 | 5.23 | 5.23 | 1.00 | |
09/07/2023 | 5.22 | 5.22 | 5.22 | 5.22 | 1.00 |
| 5.22 | 5.22 | 5.22 | 5.22 | 1.00 |
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Mfs California Trading Date Momentum on September 7, 2023
| On September 08 2023 Mfs California Municipal was traded for 5.22 at the closing time. The highest daily price throughout the period was 5.22 and the lowest price was 5.22 . There was no trading activity during the period 1.0. Lack of trading volume on 09/08/2023 did not cause price change. The trading delta at closing time to current closing price is 0.19% . |
Mfs California Municipal Fundamentals Correlations and Trends
By evaluating Mfs California's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mfs California's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mfs financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mfs California Mutual Fund history
Mfs California investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mfs is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mfs California Municipal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mfs California stock prices may prove useful in developing a viable investing in Mfs California
The fund invests, under normal market conditions, at least 80 percent of its net assets in securities and other investments, the interest on which is exempt from federal income tax and personal income tax, if any, of California. MFS California is traded on NASDAQ Exchange in the United States.
Mfs California Mutual Fund Technical Analysis
Mfs California technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Mfs California Period Price Range
Low | December 8, 2024
| High |
0.00 | 0.00 |
Mfs California Municipal cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mfs California December 8, 2024 Market Strength
Market strength indicators help investors to evaluate how Mfs California mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mfs California shares will generate the highest return on investment. By undertsting and applying Mfs California mutual fund market strength indicators, traders can identify Mfs California Municipal entry and exit signals to maximize returns
Mfs California Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mfs California's price direction in advance. Along with the technical and fundamental analysis of Mfs Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mfs to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.0394 |
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Other Information on Investing in Mfs Mutual Fund
Mfs California 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 California security.
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