Mfs Prudent Investor Fund Market Value
| FPPRX Fund | USD 11.23 0.02 0.18% |
| Symbol | Mfs |
Mfs Prudent '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 Prudent'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 Prudent.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Mfs Prudent on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Mfs Prudent Investor or generate 0.0% return on investment in Mfs Prudent over 30 days. Mfs Prudent is related to or competes with Mfs Lifetime, Mfs Lifetime, Mfs Lifetime, and Mfs Lifetime. The funds investment adviser normally invests the funds assets across different asset classes, including an allocation t... More
Mfs Prudent 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 Prudent'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 Prudent Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.439 | |||
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.5254 |
Mfs Prudent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Prudent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Prudent's standard deviation. In reality, there are many statistical measures that can use Mfs Prudent historical prices to predict the future Mfs Prudent's volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mfs Prudent'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 Prudent Investor Backtested Returns
Mfs Prudent Investor has Sharpe Ratio of -0.0219, which conveys that the entity had a -0.0219% return per unit of risk over the last 3 months. Mfs Prudent exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mfs Prudent's Downside Deviation of 0.439, risk adjusted performance of 7.0E-4, and Mean Deviation of 0.276 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.47, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mfs Prudent's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Prudent is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Mfs Prudent Investor has modest predictability. Overlapping area represents the amount of predictability between Mfs Prudent time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Prudent Investor price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mfs Prudent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mfs Prudent Investor lagged returns against current returns
Autocorrelation, which is Mfs Prudent 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 Prudent's mutual fund expected returns. We can calculate the autocorrelation of Mfs Prudent returns to help us make a trade decision. For example, suppose you find that Mfs Prudent 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 Prudent 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 Prudent mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Prudent 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 Prudent mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Prudent Lagged Returns
When evaluating Mfs Prudent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Prudent mutual fund have on its future price. Mfs Prudent 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 Prudent autocorrelation shows the relationship between Mfs Prudent mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Prudent Investor.
Regressed Prices |
| Timeline |
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Mfs Prudent 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.