Ab Municipal Bond Fund Market Value
| AUNTX Fund | USD 10.75 0.01 0.09% |
| Symbol | AUNTX |
Ab 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 Ab 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 Ab Municipal.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Ab Municipal on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Ab Municipal Bond or generate 0.0% return on investment in Ab Municipal over 720 days. Ab Municipal is related to or competes with Wells Fargo, Nuveen High, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The fund pursues its objective by investing principally in high-quality, predominantly investment-grade, municipal secur... More
Ab 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 Ab 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 Ab Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.211 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.03 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.2817 |
Ab Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Municipal's standard deviation. In reality, there are many statistical measures that can use Ab Municipal historical prices to predict the future Ab Municipal's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.0082 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.2336 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Municipal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ab Municipal Bond Backtested Returns
At this stage we consider AUNTX Mutual Fund to be very steady. Ab Municipal Bond retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the fund had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for Ab Municipal, which you can use to evaluate the volatility of the entity. Please confirm Ab Municipal's Standard Deviation of 0.1707, market risk adjusted performance of 0.2436, and Variance of 0.0292 to double-check if the risk estimate we provide is consistent with the expected return of 0.0177%. The fund owns a Beta (Systematic Risk) of 0.0612, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Municipal is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Ab Municipal Bond has weak predictability. Overlapping area represents the amount of predictability between Ab Municipal time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Ab Municipal Bond price movement. The serial correlation of 0.21 indicates that over 21.0% of current Ab Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ab Municipal Bond lagged returns against current returns
Autocorrelation, which is Ab 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 Ab Municipal's mutual fund expected returns. We can calculate the autocorrelation of Ab Municipal returns to help us make a trade decision. For example, suppose you find that Ab 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 |
Ab 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 Ab Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab 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 Ab Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Municipal Lagged Returns
When evaluating Ab Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Municipal mutual fund have on its future price. Ab 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, Ab Municipal autocorrelation shows the relationship between Ab Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Municipal Bond.
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 AUNTX Mutual Fund
Ab Municipal financial ratios help investors to determine whether AUNTX 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 AUNTX with respect to the benefits of owning Ab Municipal security.
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