We consider MFS Diversified very steady. MFS Diversified Income
has Sharpe Ratio of 0.1026 which conveys that the entity had 0.1026% of return per unit of standard deviation over the last 3 months. Our approach into estimating volatility of a fund is to use all available market data together with fund specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for MFS Diversified which you can use to evaluate future volatility of the organization. Please verify MFS Diversified Income Fund Cla Mean Deviation
of 0.2286, Market Risk Adjusted Performance
of 0.1029 and Risk Adjusted Performance
of 0.0749 to check out if risk estimate we provide are consistent with the epected return of 0.0302%. The fund secures Beta (Market Risk) of 0.21 which conveys that as returns on market increase, MFS Diversified returns are expected to increase less than the market. However during bear market, the loss on holding MFS Diversified will be expected to be smaller as well. Although it is extremely important to respect MFS Diversified Income price patterns
, it is better to be realistic regarding the information on equity historical price patterns
. The approach into estimating future performance of any fund is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By inspecting MFS Diversified Income technical indicators
you can now evaluate if the expected return of 0.0302% will be sustainable into the future.
Very weak predictability
MFS Diversified Income Fund Cla has very weak predictability. Overlapping area represents the amount of predictability between MFS Diversified time series from July 15, 2019 to August 29, 2019 and August 29, 2019 to October 13, 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 Diversified Income price movement. The serial correlation of 0.16 indicates that over 16.0% of current MFS Diversified price fluctuation can be explain by its past prices.