Macroaxis considers MFS Blended to be not too volatile. MFS Blended Research
has Sharpe Ratio of -0.1323 which conveys that MFS Blended Research
had -0.1323% of return per unit of standard deviation over the last 1 month. Macroaxis approach into estimating risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. MFS Blended exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify MFS Blended Research Em Mkts Eq A Market Risk Adjusted Performance
of 0.0325, Mean Deviation
of 0.7583 and Risk Adjusted Performance
of 0.0077 to check out risk estimate we provide. The fund secures Beta (Market Risk) of -0.2452 which conveys that as returns on market increase, returns on owning MFS Blended are expected to decrease at a much smaller rate. During bear market, MFS Blended is likely to outperform the market.. Even though it is essential to pay attention to MFS Blended Research price patterns
, it is always good to be careful when utilizing equity historical price patterns
. Macroaxis approach into estimating future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators
. MFS Blended exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.65) |
Very good reverse predictability
MFS Blended Research Em Mkts Eq A has very good reverse predictability. Overlapping area represents the amount of predictability between MFS Blended time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. 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 Blended Research price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current MFS Blended price fluctuation can be explain by its past prices. Given that MFS Blended Research Em Mkts Eq A has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of MFS Blended for similar time interval.
|Spearman Rank Test||-0.03|