Mfs Municipal Income Stock Market Value
| MFM Stock | USD 5.59 0.02 0.36% |
| Symbol | MFS |
MFS Municipal Income Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS Municipal. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS Municipal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.228 | Dividend Share 0.22 | Earnings Share 0.17 | Revenue Per Share 0.415 | Quarterly Revenue Growth 0.053 |
The market value of MFS Municipal Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS Municipal's value that differs from its market value or its book value, called intrinsic value, which is MFS Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS Municipal's market value can be influenced by many factors that don't directly affect MFS Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
MFS Municipal '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 Municipal's stock 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 Municipal.
| 09/17/2024 |
| 11/16/2024 |
If you would invest 0.00 in MFS Municipal on September 17, 2024 and sell it all today you would earn a total of 0.00 from holding MFS Municipal Income or generate 0.0% return on investment in MFS Municipal over 60 days. MFS Municipal is related to or competes with Eaton Vance, Invesco High, Blackrock Muniholdings, Nuveen California, MFS Investment, Federated Premier, and Blackrock Muniyield. MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Ser... More
MFS Municipal 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 Municipal's stock 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 Municipal Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6443 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 0.8865 |
MFS Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS Municipal's standard deviation. In reality, there are many statistical measures that can use MFS Municipal historical prices to predict the future MFS Municipal's volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | 0.0387 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.09) |
MFS Municipal Income Backtested Returns
As of now, MFS Stock is not too volatile. MFS Municipal Income has Sharpe Ratio of 0.0365, which conveys that the firm had a 0.0365% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for MFS Municipal, which you can use to evaluate the volatility of the firm. Please verify MFS Municipal's Market Risk Adjusted Performance of (0.08), risk adjusted performance of 0.0348, and Mean Deviation of 0.4463 to check out if the risk estimate we provide is consistent with the expected return of 0.0214%. MFS Municipal has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.2, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MFS Municipal are expected to decrease at a much lower rate. During the bear market, MFS Municipal is likely to outperform the market. MFS Municipal Income currently secures a risk of 0.59%. Please verify MFS Municipal Income potential upside, as well as the relationship between the kurtosis and day typical price , to decide if MFS Municipal Income will be following its current price movements.
Auto-correlation | 0.29 |
Poor predictability
MFS Municipal Income has poor predictability. Overlapping area represents the amount of predictability between MFS Municipal time series from 17th of September 2024 to 17th of October 2024 and 17th of October 2024 to 16th of November 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 Municipal Income price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current MFS Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS Municipal Income lagged returns against current returns
Autocorrelation, which is MFS Municipal stock'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 Municipal's stock expected returns. We can calculate the autocorrelation of MFS Municipal returns to help us make a trade decision. For example, suppose you find that MFS Municipal has exhibited high autocorrelation historically, and you observe that the stock 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 Municipal 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 Municipal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS Municipal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS Municipal stock over time.
Current vs Lagged Prices |
| Timeline |
MFS Municipal Lagged Returns
When evaluating MFS Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS Municipal stock have on its future price. MFS Municipal 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 Municipal autocorrelation shows the relationship between MFS Municipal stock current value and its past values and can show if there is a momentum factor associated with investing in MFS Municipal Income.
Regressed Prices |
| Timeline |
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MFS Municipal technical stock 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, stock market cycles, or different charting patterns.