We consider MFS Diversified very steady. MFS Diversified Income has Sharpe Ratio of 0.0991 which conveys that the entity had 0.0991% 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 Fd Cl R5 Risk Adjusted Performance of 0.0736, Market Risk Adjusted Performance of 0.1164 and Mean Deviation of 0.251 to check out if risk estimate we provide are consistent with the epected return of 0.0345%.
90 Days Market Risk
Chance of Distress in 24 months
90 Days Economic Sensitivity
Slowly supersedes market
|Horizon||30 Days Login to change|
MFS Diversified Market Sensitivity
|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. 3 Months Beta |Analyze MFS Diversified Income Demand TrendCheck current 30 days MFS Diversified correlation with market (DOW)|
β = 0.2111
MFS Diversified Central Daily Price Deviation
MFS Diversified Income Technical Analysis
MFS Diversified Projected Return Density Against MarketAssuming 30 trading days horizon, MFS Diversified has beta of 0.2111 suggesting as returns on market go up, MFS Diversified average returns are expected to increase less than the benchmark. However during bear market, the loss on holding MFS Diversified Income Fd Cl R5 will be expected to be much smaller as well. Moreover, The company has an alpha of 0.0268 implying that it can potentially generate 0.0268% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of MFS Diversified is 1008.66. The daily returns are destributed with a variance of 0.12 and standard deviation of 0.35. The mean deviation of MFS Diversified Income Fd Cl R5 is currently at 0.25. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
|Alpha over DOW||=||0.0268|
|Beta against DOW||=||0.21|
MFS Diversified Return Volatilitythe fund shows 0.3478% volatility of returns over 30 trading days. the entity inherits 0.973% risk (volatility on return distribution) over the 30 days horizon.
MFS Diversified Investment Opportunity
DOW has a standard deviation of returns of 0.97 and is 2.77 times more volatile than MFS Diversified Income Fd Cl R5. 3 of all equities and portfolios are less risky than MFS Diversified. Compared to the overall equity markets, volatility of historical daily returns of MFS Diversified Income Fd Cl R5 is lower than 3 () of all global equities and portfolios over the last 30 days. Use MFS Diversified Income Fd Cl R5 to enhance returns of your portfolios. The fund experiences normal upward fluctuation. Check odds of MFS Diversified to be traded at $13.7 in 30 days. . 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.
MFS Diversified correlation with market
MFS Diversified Current Risk Indicators
|Risk Adjusted Performance||0.0736|
|Market Risk Adjusted Performance||0.1164|
|Coefficient Of Variation||1057.71|
MFS Diversified Suggested Diversification Pairs