MFS Blended Backtesting

BRLRX -- USA Fund  

USD 11.65  0.02  0.17%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of MFS Blended Research Global Equ and determine expected loss or profit from investing in MFS Blended over given investment horizon. Check also MFS Blended Hype Analysis, MFS Blended Correlation, Portfolio Optimization, MFS Blended Volatility as well as analyze MFS Blended Alpha and Beta and MFS Blended Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

MFS Blended 'What if' Analysis

July 19, 2019
0.00
No Change 0.00  0.0 
In 3 months and 1 day
October 17, 2019
0.00
If you would invest  0.00  in MFS Blended on July 19, 2019 and sell it all today you would earn a total of 0.00 from holding MFS Blended Research Global Equ or generate 0.0% return on investment in MFS Blended over 90 days. MFS Blended is related to or competes with American Funds, American Funds, American Funds, Capital World, Capital World, New Perspective, and New Perspective. The fund normally invests at least 80 percent of the funds net assets in equity securities

MFS Blended Upside/Downside Indicators

Information Ratio0.007
Maximum Drawdown4.26
Value At Risk(1.83)
Potential Upside1.32

MFS Blended Market Premium Indicators

Risk Adjusted Performance(0.008444)
Jensen Alpha(0.014263)
Total Risk Alpha0.0052
Treynor Ratio(0.13)

MFS Blended Research Backtested Returns

Macroaxis considers MFS Blended to be not too volatile. MFS Blended Research has Sharpe Ratio of -0.0219 which conveys that the entity had -0.0219% of return per unit of standard deviation over the last 3 months. 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 Global Equ Risk Adjusted Performance of (0.008444), Mean Deviation of 0.7168 and Market Risk Adjusted Performance of (0.12) to check out risk estimate we provide. The fund secures Beta (Market Risk) of 0.134 which conveys that as returns on market increase, MFS Blended returns are expected to increase less than the market. However during bear market, the loss on holding MFS Blended will be expected to be smaller as well. 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.09 
correlation synergy

Virtually no predictability

MFS Blended Research Global Equ has virtually no predictability. Overlapping area represents the amount of predictability between MFS Blended time series from July 19, 2019 to September 2, 2019 and September 2, 2019 to October 17, 2019. 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 0.09 indicates that less than 9.0% of current MFS Blended price fluctuation can be explain by its past prices.
Correlation Coefficient0.09
Spearman Rank Test0.23
Residual Average0.0
Price Variance0.03

MFS Blended Research lagged returns against current returns

 Current and Lagged Values 
      Timeline 

MFS Blended regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

MFS Blended Lagged Returns

 Regressed Prices 
      Timeline 

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Technical Analysis

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MFS Blended Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for MFS Blended and American Funds Capital. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also MFS Blended Hype Analysis, MFS Blended Correlation, Portfolio Optimization, MFS Blended Volatility as well as analyze MFS Blended Alpha and Beta and MFS Blended Performance. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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