Mfs Global New Fund Technical Analysis
GLNMX Fund | USD 23.06 0.03 0.13% |
As of the 28th of March, Mfs Global secures the Mean Deviation of 0.5467, risk adjusted performance of 0.0706, and Downside Deviation of 0.7067. Mfs Global New technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the fund's future prices. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We have collected data for nineteen technical drivers for Mfs Global, which can be compared to its peers in the industry. Please verify Mfs Global New variance and potential upside to decide if Mfs Global New is priced some-what accurately, providing market reflects its recent price of 23.06 per share.
Mfs Global Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Mfs, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MfsMfs |
Mfs Global 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.
Mfs Global New Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Mfs Global New volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Mfs Global New Trend Analysis
Use this graph to draw trend lines for Mfs Global New. You can use it to identify possible trend reversals for Mfs Global as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Mfs Global price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Mfs Global Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Mfs Global New applied against its price change over selected period. The best fit line has a slop of 0.03 , which means Mfs Global New will continue generating value for investors. It has 122 observation points and a regression sum of squares at 27.2, which is the sum of squared deviations for the predicted Mfs Global price change compared to its average price change.About Mfs Global Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Mfs Global New on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Mfs Global New based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Mfs Global New price pattern first instead of the macroeconomic environment surrounding Mfs Global New. By analyzing Mfs Global's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Mfs Global's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Mfs Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
Mfs Global March 28, 2024 Technical Indicators
Most technical analysis of Mfs help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Mfs from various momentum indicators to cycle indicators. When you analyze Mfs charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0706 | |||
Market Risk Adjusted Performance | 10.23 | |||
Mean Deviation | 0.5467 | |||
Semi Deviation | 0.5777 | |||
Downside Deviation | 0.7067 | |||
Coefficient Of Variation | 811.91 | |||
Standard Deviation | 0.7118 | |||
Variance | 0.5066 | |||
Information Ratio | (0.07) | |||
Jensen Alpha | 0.0767 | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.07) | |||
Treynor Ratio | 10.22 | |||
Maximum Drawdown | 3.28 | |||
Value At Risk | (1.23) | |||
Potential Upside | 1.29 | |||
Downside Variance | 0.4994 | |||
Semi Variance | 0.3337 | |||
Expected Short fall | (0.62) | |||
Skewness | (0.16) | |||
Kurtosis | 0.1012 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Mfs Global New. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for Mfs Mutual Fund analysis
When running Mfs Global's price analysis, check to measure Mfs Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mfs Global is operating at the current time. Most of Mfs Global's value examination focuses on studying past and present price action to predict the probability of Mfs Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mfs Global's price. Additionally, you may evaluate how the addition of Mfs Global to your portfolios can decrease your overall portfolio volatility.
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