Alabama Tax Free Income Fund Market Value
| DUALX Fund | USD 11.32 0.02 0.18% |
| Symbol | Alabama |
Alabama Tax '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'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.
| 10/26/2024 |
| 01/24/2025 |
If you would invest 0.00 in Alabama Tax on October 26, 2024 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 over 90 days. Alabama Tax is related to or competes with Artisan High, Barings Us, Versatile Bond, Ab Bond, Blrc Sgy, and Rbc Ultra-short. The fund seeks to provide a steady flow of tax-exempt income derived from Alabama municipal securities of investment gra... More
Alabama Tax 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'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 | 0.562 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.2 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.3559 |
Alabama Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alabama Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alabama Tax's standard deviation. In reality, there are many statistical measures that can use Alabama Tax historical prices to predict the future Alabama Tax's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.12) |
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 close to zero, which signifies that the fund had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Alabama Tax Free Income, which you can use to evaluate the volatility of the entity. Please confirm Alabama Tax's mean deviation of 0.2054, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The fund shows a Beta (market volatility) of 0.0777, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alabama Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Alabama Tax is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
Alabama Tax Free Income has very good reverse predictability. Overlapping area represents the amount of predictability between Alabama Tax time series from 26th of October 2024 to 10th of December 2024 and 10th of December 2024 to 24th of January 2025. 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 -0.67 indicates that around 67.0% of current Alabama Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Alabama Tax Free lagged returns against current returns
Autocorrelation, which is Alabama Tax 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's mutual fund expected returns. We can calculate the autocorrelation of Alabama Tax returns to help us make a trade decision. For example, suppose you find that Alabama Tax 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alabama Tax 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Alabama Tax Lagged Returns
When evaluating Alabama Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alabama Tax mutual fund have on its future price. Alabama Tax 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 autocorrelation shows the relationship between Alabama Tax 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 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 security.
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