Tennessee Tax Free Income Fund Probability of Future Mutual Fund Price Finishing Over 11.01
| TNTIX Fund | USD 10.68 0.03 0.28% |
Tennessee |
Tennessee Tax Target Price Odds to finish over 11.01
The tendency of Tennessee Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 11.01 or more in 90 days |
| 10.68 | 90 days | 11.01 | near 1 |
Based on a normal probability distribution, the odds of Tennessee Tax to move over $ 11.01 or more in 90 days from now is near 1 (This Tennessee Tax Free Income probability density function shows the probability of Tennessee Mutual Fund to fall within a particular range of prices over 90 days) . Probability of Tennessee Tax Free price to stay between its current price of $ 10.68 and $ 11.01 at the end of the 90-day period is about 6.65 .
Assuming the 90 days horizon Tennessee Tax Free Income has a beta of -0.0769. This usually implies as returns on the benchmark increase, returns on holding Tennessee Tax are expected to decrease at a much lower rate. During a bear market, however, Tennessee Tax Free Income is likely to outperform the market. Additionally Tennessee Tax Free Income has an alpha of 0.0135, implying that it can generate a 0.0135 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tennessee Tax Price Density |
| Price |
Predictive Modules for Tennessee Tax
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tennessee Tax Free. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Tennessee Tax Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tennessee Tax is not an exception. The market had few large corrections towards the Tennessee Tax's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Tennessee Tax Free Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tennessee Tax within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.08 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.41 |
Tennessee Tax Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Tennessee Tax for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tennessee Tax Free can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The fund generated three year return of 0.0% | |
| Tennessee Tax Free maintains about 100.0% of its assets in bonds |
Tennessee Tax Technical Analysis
Tennessee Tax's future price can be derived by breaking down and analyzing its technical indicators over time. Tennessee Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tennessee Tax Free Income. In general, you should focus on analyzing Tennessee Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Tennessee Tax Predictive Forecast Models
Tennessee Tax's time-series forecasting models is one of many Tennessee Tax's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Tennessee Tax's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Tennessee Tax Free
Checking the ongoing alerts about Tennessee Tax for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tennessee Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The fund generated three year return of 0.0% | |
| Tennessee Tax Free maintains about 100.0% of its assets in bonds |
Other Information on Investing in Tennessee Mutual Fund
Tennessee Tax financial ratios help investors to determine whether Tennessee 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 Tennessee with respect to the benefits of owning Tennessee Tax security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |