Mfs Multimarket Income Stock Market Value
| MMT Stock | USD 4.68 0.01 0.21% |
| Symbol | MFS |
MFS Multimarket 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 Multimarket. 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 Multimarket 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 0.115 | Dividend Share 0.395 | Earnings Share 0.34 | Revenue Per Share 0.412 | Quarterly Revenue Growth (0.04) |
The market value of MFS Multimarket 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 Multimarket's value that differs from its market value or its book value, called intrinsic value, which is MFS Multimarket'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 Multimarket's market value can be influenced by many factors that don't directly affect MFS Multimarket'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 Multimarket's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS Multimarket is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS Multimarket'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 Multimarket '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 Multimarket'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 Multimarket.
| 08/26/2024 |
| 11/24/2024 |
If you would invest 0.00 in MFS Multimarket on August 26, 2024 and sell it all today you would earn a total of 0.00 from holding MFS Multimarket Income or generate 0.0% return on investment in MFS Multimarket over 90 days. MFS Multimarket is related to or competes with MFS High, MFS High, MFS Intermediate, Blackrock Muniholdings, MFS Investment, MFS Municipal, and DTF Tax. MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Managemen... More
MFS Multimarket 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 Multimarket'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 Multimarket Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6605 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.53 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.6342 |
MFS Multimarket Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MFS Multimarket's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MFS Multimarket's standard deviation. In reality, there are many statistical measures that can use MFS Multimarket historical prices to predict the future MFS Multimarket's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0183 |
MFS Multimarket Income Backtested Returns
Currently, MFS Multimarket Income is very steady. MFS Multimarket Income has Sharpe Ratio of 0.0023, which conveys that the firm had a 0.0023% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for MFS Multimarket, which you can use to evaluate the volatility of the firm. Please verify MFS Multimarket's Market Risk Adjusted Performance of 0.0283, risk adjusted performance of 0.0166, and Mean Deviation of 0.3655 to check out if the risk estimate we provide is consistent with the expected return of 0.0011%. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MFS Multimarket's returns are expected to increase less than the market. However, during the bear market, the loss of holding MFS Multimarket is expected to be smaller as well. MFS Multimarket Income currently secures a risk of 0.48%. Please verify MFS Multimarket Income downside variance, as well as the relationship between the daily balance of power and relative strength index , to decide if MFS Multimarket Income will be following its current price movements.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
MFS Multimarket Income has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MFS Multimarket time series from 26th of August 2024 to 10th of October 2024 and 10th of October 2024 to 24th 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 Multimarket Income price movement. The serial correlation of -0.78 indicates that around 78.0% of current MFS Multimarket price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MFS Multimarket Income lagged returns against current returns
Autocorrelation, which is MFS Multimarket 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 Multimarket's stock expected returns. We can calculate the autocorrelation of MFS Multimarket returns to help us make a trade decision. For example, suppose you find that MFS Multimarket 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 Multimarket 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 Multimarket stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MFS Multimarket stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MFS Multimarket stock over time.
Current vs Lagged Prices |
| Timeline |
MFS Multimarket Lagged Returns
When evaluating MFS Multimarket's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MFS Multimarket stock have on its future price. MFS Multimarket 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 Multimarket autocorrelation shows the relationship between MFS Multimarket stock current value and its past values and can show if there is a momentum factor associated with investing in MFS Multimarket Income.
Regressed Prices |
| Timeline |
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Additional Tools for MFS Stock Analysis
When running MFS Multimarket's price analysis, check to measure MFS Multimarket'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 Multimarket is operating at the current time. Most of MFS Multimarket's value examination focuses on studying past and present price action to predict the probability of MFS Multimarket'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 Multimarket's price. Additionally, you may evaluate how the addition of MFS Multimarket to your portfolios can decrease your overall portfolio volatility.