Aquila Tax Correlations
| ORFFXDelisted Fund | USD 10.30 0.00 0.00% |
The current 90-days correlation between Aquila Tax Free and Aim Investment Secs is -0.02 (i.e., Good diversification). The correlation of Aquila Tax is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Aquila Tax Correlation With Market
Significant diversification
The correlation between Aquila Tax Free Trust and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquila Tax Free Trust and DJI in the same portfolio, assuming nothing else is changed.
Aquila |
Moving together with Aquila Mutual Fund
| 0.71 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | MLPLX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.72 | LSHAX | Horizon Spin Off Steady Growth | PairCorr |
| 0.71 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.71 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.7 | DIS | Walt Disney | PairCorr |
| 0.65 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.8 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Aquila Mutual Fund
| 0.52 | HULFX | Hawaiian Tax Free | PairCorr |
| 0.52 | ORTYX | Aquila Tax Free | PairCorr |
| 0.51 | HULYX | Hawaiian Tax Free | PairCorr |
| 0.51 | HULAX | Hawaiian Tax Free | PairCorr |
| 0.5 | TGLDX | Tocqueville Gold | PairCorr |
| 0.43 | KYTFX | Kentucky Tax Free | PairCorr |
| 0.72 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.53 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.51 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.46 | 1.0 | -0.3 | 0.37 | 1.0 | GMCXX | ||
| 0.46 | 0.46 | 0.48 | 0.8 | 0.46 | DWGXX | ||
| 1.0 | 0.46 | -0.3 | 0.37 | 1.0 | INFXX | ||
| -0.3 | 0.48 | -0.3 | 0.38 | -0.3 | FMVFX | ||
| 0.37 | 0.8 | 0.37 | 0.38 | 0.37 | PIMXX | ||
| 1.0 | 0.46 | 1.0 | -0.3 | 0.37 | UATXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aquila Mutual Fund performing well and Aquila Tax Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aquila Tax's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMCXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| DWGXX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | |||
| INFXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 | |||
| FMVFX | 0.08 | (0.01) | (0.90) | 2.45 | 0.09 | 0.12 | 0.49 | |||
| PIMXX | 0.03 | 0.00 | 0.00 | 0.41 | 0.00 | 0.00 | 1.01 | |||
| UATXX | 0.03 | 0.01 | 0.00 | (0.38) | 0.00 | 0.00 | 1.01 |
Aquila Tax Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Aquila Tax mutual fund to make a market-neutral strategy. Peer analysis of Aquila Tax could also be used in its relative valuation, which is a method of valuing Aquila Tax by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Aquila Tax Free Trust?
Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.