Mfs Global New Fund Probability of Future Mutual Fund Price Finishing Under 20.28
| GLNJX Fund | USD 19.85 0.08 0.40% |
Mfs |
Mfs Global Target Price Odds to finish below 20.28
The tendency of Mfs Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 20.28 after 90 days |
| 19.85 | 90 days | 20.28 | about 89.54 |
Based on a normal probability distribution, the odds of Mfs Global to stay under $ 20.28 after 90 days from now is about 89.54 (This Mfs Global New probability density function shows the probability of Mfs Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Mfs Global New price to stay between its current price of $ 19.85 and $ 20.28 at the end of the 90-day period is about 35.49 .
Assuming the 90 days horizon Mfs Global New has a beta of -0.0867. This usually indicates as returns on the benchmark increase, returns on holding Mfs Global are expected to decrease at a much lower rate. During a bear market, however, Mfs Global New is likely to outperform the market. Additionally Mfs Global New has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Mfs Global Price Density |
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Predictive Modules for Mfs Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mfs Global New. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Global'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 Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mfs Global is not an exception. The market had few large corrections towards the Mfs Global's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Mfs Global New, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mfs Global within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.0043 | |
β | Beta against NYSE Composite | -0.09 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.03 |
Mfs Global Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Mfs Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mfs Global New can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mfs Global New generated a negative expected return over the last 90 days | |
| The fund generated three year return of -3.0% | |
| Mfs Global New retains 96.0% of its assets under management (AUM) in equities |
Mfs Global Technical Analysis
Mfs Global's future price can be derived by breaking down and analyzing its technical indicators over time. Mfs Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mfs Global New. In general, you should focus on analyzing Mfs Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Mfs Global Predictive Forecast Models
Mfs Global's time-series forecasting models is one of many Mfs Global's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Mfs Global's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Mfs Global New
Checking the ongoing alerts about Mfs Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mfs Global New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mfs Global New generated a negative expected return over the last 90 days | |
| The fund generated three year return of -3.0% | |
| Mfs Global New retains 96.0% of its assets under management (AUM) in equities |
Check out Mfs Global Backtesting, Portfolio Optimization, Mfs Global Correlation, Mfs Global Hype Analysis, Mfs Global Volatility, Mfs Global History as well as Mfs Global Performance. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.