Mfs Technology Fund Market Value
| MTCIX Fund | USD 75.74 0.26 0.34% |
| Symbol | Mfs |
Mfs Technology '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 Technology'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 Technology.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Mfs Technology on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Mfs Technology Fund or generate 0.0% return on investment in Mfs Technology over 90 days. Mfs Technology is related to or competes with Voya Government, Intermediate Government, Franklin Government, Franklin Adjustable, and Ridgeworth Seix. The fund normally invests at least 80 percent of the funds net assets in securities of issuers principally engaged in of... More
Mfs Technology 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 Technology'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 Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7641 | |||
| Information Ratio | 0.2211 | |||
| Maximum Drawdown | 6.1 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.83 |
Mfs Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mfs Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mfs Technology's standard deviation. In reality, there are many statistical measures that can use Mfs Technology historical prices to predict the future Mfs Technology's volatility.| Risk Adjusted Performance | 0.3362 | |||
| Jensen Alpha | 0.2875 | |||
| Total Risk Alpha | 0.2152 | |||
| Sortino Ratio | 0.305 | |||
| Treynor Ratio | 0.6156 |
Mfs Technology Backtested Returns
Mfs Technology appears to be very steady, given 3 months investment horizon. Mfs Technology has Sharpe Ratio of 0.36, which conveys that the entity had a 0.36 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Mfs Technology, which you can use to evaluate the volatility of the fund. Please exercise Mfs Technology's Risk Adjusted Performance of 0.3362, coefficient of variation of 278.16, and Mean Deviation of 0.7493 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mfs Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mfs Technology is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
Mfs Technology Fund has very good predictability. Overlapping area represents the amount of predictability between Mfs Technology time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Technology price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Mfs Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 2.46 |
Mfs Technology lagged returns against current returns
Autocorrelation, which is Mfs Technology 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 Technology's mutual fund expected returns. We can calculate the autocorrelation of Mfs Technology returns to help us make a trade decision. For example, suppose you find that Mfs Technology 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 Technology 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 Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mfs Technology 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 Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mfs Technology Lagged Returns
When evaluating Mfs Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mfs Technology mutual fund have on its future price. Mfs Technology 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 Technology autocorrelation shows the relationship between Mfs Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mfs Technology Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mfs Mutual Fund
Mfs Technology financial ratios help investors to determine whether Mfs Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mfs with respect to the benefits of owning Mfs Technology security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |