Alabama Tax Free Income Fund Market Value
| DUALX Fund | USD 11.60 0.04 0.35% |
| Symbol | Alabama |
Alabama Tax-free '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 Alabama Tax-free'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 Alabama Tax-free.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Alabama Tax-free on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Alabama Tax Free Income or generate 0.0% return on investment in Alabama Tax-free over 540 days. Alabama Tax-free is related to or competes with Victory Rs, Vanguard Growth, Champlain Mid, Small Pany, L Abbett, and T Rowe. The fund seeks to provide a steady flow of tax-exempt income derived from Alabama municipal securities of investment grade quality with a weighted average nominal maturity normally greater than 10 years. More
Alabama Tax-free 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 Alabama Tax-free'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 Alabama Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5184 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.3546 |
Alabama Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alabama Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alabama Tax-free's standard deviation. In reality, there are many statistical measures that can use Alabama Tax-free historical prices to predict the future Alabama Tax-free's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.0136 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.06) |
Alabama Tax Free Backtested Returns
At this stage we consider Alabama Mutual Fund to be very steady. Alabama Tax Free secures Sharpe Ratio (or Efficiency) of 0.0558, which signifies that the fund had a 0.0558% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Alabama Tax Free Income, which you can use to evaluate the volatility of the entity. Please confirm Alabama Tax-free's risk adjusted performance of 0.0225, and Mean Deviation of 0.1736 to double-check if the risk estimate we provide is consistent with the expected return of 0.017%. The fund shows a Beta (market volatility) of -0.0759, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Alabama Tax-free are expected to decrease at a much lower rate. During the bear market, Alabama Tax-free is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
Alabama Tax Free Income has below average predictability. Overlapping area represents the amount of predictability between Alabama Tax-free time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Alabama Tax Free price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Alabama Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alabama Tax Free lagged returns against current returns
Autocorrelation, which is Alabama Tax-free 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 Alabama Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Alabama Tax-free returns to help us make a trade decision. For example, suppose you find that Alabama Tax-free 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 |
Alabama Tax-free 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 Alabama Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alabama Tax-free mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alabama Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alabama Tax-free Lagged Returns
When evaluating Alabama Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alabama Tax-free mutual fund have on its future price. Alabama Tax-free 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, Alabama Tax-free autocorrelation shows the relationship between Alabama Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Alabama Tax Free Income.
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 Alabama Mutual Fund
Alabama Tax-free financial ratios help investors to determine whether Alabama 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 Alabama with respect to the benefits of owning Alabama Tax-free security.
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