Mfs Diversified Income Fund Market Value
| DIFEX Fund | USD 12.37 0.05 0.40% |
| Symbol | Mfs |
Mfs Diversified '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 Diversified'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 Diversified.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Mfs Diversified on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Mfs Diversified Income or generate 0.0% return on investment in Mfs Diversified over 510 days. Mfs Diversified is related to or competes with Ab Value, Balanced Fund, T Rowe, Volumetric Fund, T Rowe, Century Small, and Qs Growth. The fund normally invests its assets primarily in a broad range of debt instruments and equity securities of U.S More
Mfs Diversified 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 Diversified'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 Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.37 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.399 |
Mfs Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Diversified's standard deviation. In reality, there are many statistical measures that can use Mfs Diversified historical prices to predict the future Mfs Diversified's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Diversified'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 Diversified Income Backtested Returns
Mfs Diversified Income has Sharpe Ratio of -0.0491, which conveys that the entity had a -0.0491% return per unit of risk over the last 3 months. Mfs Diversified exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Diversified's Risk Adjusted Performance of (0.03), mean deviation of 0.2125, and Standard Deviation of 0.2758 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mfs Diversified's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Diversified is expected to be smaller as well.
Auto-correlation | 0.73 |
Good predictability
Mfs Diversified Income has good predictability. Overlapping area represents the amount of predictability between Mfs Diversified time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Diversified Income price movement. The serial correlation of 0.73 indicates that around 73.0% of current Mfs Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Mfs Diversified Income lagged returns against current returns
Autocorrelation, which is Mfs Diversified 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 Diversified's mutual fund expected returns. We can calculate the autocorrelation of Mfs Diversified returns to help us make a trade decision. For example, suppose you find that Mfs Diversified 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 Diversified 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 Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Diversified 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 Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Diversified Lagged Returns
When evaluating Mfs Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Diversified mutual fund have on its future price. Mfs Diversified 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 Diversified autocorrelation shows the relationship between Mfs Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Diversified Income.
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 Diversified 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 Diversified security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |