Diversified Municipal Portfolio Fund Market Value
| AIDZX Fund | USD 13.92 0.01 0.07% |
| Symbol | Diversified |
Diversified 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 Diversified Municipal'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 Diversified Municipal.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Diversified Municipal on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Diversified Municipal Portfolio or generate 0.0% return on investment in Diversified Municipal over 300 days. Diversified Municipal is related to or competes with Artisan Emerging, Barings Emerging, Rbc Bluebay, Rbc Emerging, Investec Emerging, Dws Emerging, and Nasdaq 100. The investment seeks to provide safety of principal and maximize total return after taking account of federal taxes More
Diversified 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 Diversified Municipal'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 Diversified Municipal Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.87) | |||
| Maximum Drawdown | 0.8608 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2161 |
Diversified Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diversified Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diversified Municipal's standard deviation. In reality, there are many statistical measures that can use Diversified Municipal historical prices to predict the future Diversified Municipal's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.2034 |
Diversified Municipal Backtested Returns
Diversified Municipal secures Sharpe Ratio (or Efficiency) of -0.0144, which denotes the fund had a -0.0144% return per unit of risk over the last 3 months. Diversified Municipal Portfolio exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diversified Municipal's Mean Deviation of 0.0918, standard deviation of 0.1508, and Variance of 0.0227 to check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0598, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Diversified Municipal are expected to decrease at a much lower rate. During the bear market, Diversified Municipal is likely to outperform the market.
Auto-correlation | -0.08 |
Very weak reverse predictability
Diversified Municipal Portfolio has very weak reverse predictability. Overlapping area represents the amount of predictability between Diversified Municipal time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Diversified Municipal price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Diversified Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Diversified Municipal lagged returns against current returns
Autocorrelation, which is Diversified Municipal 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 Diversified Municipal's mutual fund expected returns. We can calculate the autocorrelation of Diversified Municipal returns to help us make a trade decision. For example, suppose you find that Diversified Municipal 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 |
Diversified 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 Diversified Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diversified Municipal mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diversified Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Diversified Municipal Lagged Returns
When evaluating Diversified Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diversified Municipal mutual fund have on its future price. Diversified 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, Diversified Municipal autocorrelation shows the relationship between Diversified Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Diversified Municipal Portfolio.
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 Diversified Mutual Fund
Diversified Municipal financial ratios help investors to determine whether Diversified 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 Diversified with respect to the benefits of owning Diversified Municipal security.
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