We consider MFS Diversified very steady. MFS Diversified Income
has Sharpe Ratio of 0.1595 which conveys that the entity had 0.1595% 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 Market Risk Adjusted Performance
of 0.1995, Mean Deviation
of 0.2144 and Risk Adjusted Performance
of 0.1423 to check out if risk estimate we provide are consistent with the epected return of 0.0457%. The fund secures Beta (Market Risk) of 0.2011 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 0.0457% will be sustainable into the future.
MFS Diversified Income Fund Cla has good predictability. Overlapping area represents the amount of predictability between MFS Diversified time series from July 24, 2019 to September 7, 2019 and September 7, 2019 to October 22, 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 0.68 indicates that around 68.0% of current MFS Diversified price fluctuation can be explain by its past prices.