Mfs Growth Fund Market Value
| MEGBX Fund | USD 129.14 0.88 0.68% |
| Symbol | Mfs |
Mfs Growth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mfs Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mfs Growth.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Mfs Growth on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Growth Fund or generate 0.0% return on investment in Mfs Growth over 30 days. Mfs Growth is related to or competes with American Funds. The fund normally invests the funds assets primarily in equity securities More
Mfs Growth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mfs Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mfs Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8832 | |||
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.86 |
Mfs Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Growth's standard deviation. In reality, there are many statistical measures that can use Mfs Growth historical prices to predict the future Mfs Growth's volatility.| Risk Adjusted Performance | 0.0979 | |||
| Jensen Alpha | 0.0967 | |||
| Total Risk Alpha | 0.0709 | |||
| Sortino Ratio | 0.1148 | |||
| Treynor Ratio | 0.1332 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Growth'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 Growth Fund Backtested Returns
We consider Mfs Growth very steady. Mfs Growth Fund has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mfs Growth, which you can use to evaluate the volatility of the fund. Please verify Mfs Growth's Downside Deviation of 0.8832, mean deviation of 0.7983, and Risk Adjusted Performance of 0.0979 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. The fund secures a Beta (Market Risk) of 1.1, which conveys a somewhat significant risk relative to the market. Mfs Growth returns are very sensitive to returns on the market. As the market goes up or down, Mfs Growth is expected to follow.
Auto-correlation | 0.44 |
Average predictability
Mfs Growth Fund has average predictability. Overlapping area represents the amount of predictability between Mfs Growth time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 2024. 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 Growth Fund price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Mfs Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.88 |
Mfs Growth Fund lagged returns against current returns
Autocorrelation, which is Mfs Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mfs Growth's mutual fund expected returns. We can calculate the autocorrelation of Mfs Growth returns to help us make a trade decision. For example, suppose you find that Mfs Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mfs Growth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mfs Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mfs Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Growth Lagged Returns
When evaluating Mfs Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Growth mutual fund have on its future price. Mfs Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mfs Growth autocorrelation shows the relationship between Mfs Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Growth Fund.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mfs Growth Correlation, Mfs Growth Volatility and Mfs Growth Alpha and Beta module to complement your research on Mfs Growth. Note that the Mfs Growth Fund information on this page should be used as a complementary analysis to other Mfs Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Mfs Growth technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.