Federated Intermediate Municipal Fund Market Value
| FIMTX Fund | USD 9.79 0.01 0.10% |
| Symbol | Federated |
Federated Intermediate '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 Federated Intermediate'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 Federated Intermediate.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Federated Intermediate on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Federated Intermediate Municipal or generate 0.0% return on investment in Federated Intermediate over 30 days. Federated Intermediate is related to or competes with Federated Emerging, Federated Mdt, Federated Mdt, Federated Global, Federated Hermes, Federated Strategic, and Federated Strategic. The fund pursues its objective by investing its assets so that, normally distributions of annual interest income are exe... More
Federated Intermediate 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 Federated Intermediate'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 Federated Intermediate Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2647 | |||
| Information Ratio | (0.72) | |||
| Maximum Drawdown | 0.9287 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.207 |
Federated Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Federated Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Federated Intermediate's standard deviation. In reality, there are many statistical measures that can use Federated Intermediate historical prices to predict the future Federated Intermediate's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.0009) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.46) | |||
| Treynor Ratio | 0.1282 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Federated Intermediate'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.
Federated Intermediate Backtested Returns
At this stage we consider Federated Mutual Fund to be very steady. Federated Intermediate secures Sharpe Ratio (or Efficiency) of 0.0102, which denotes the fund had a 0.0102% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Federated Intermediate Municipal, which you can use to evaluate the volatility of the entity. Please confirm Federated Intermediate's Mean Deviation of 0.1019, downside deviation of 0.2647, and Coefficient Of Variation of 10046.54 to check if the risk estimate we provide is consistent with the expected return of 0.0018%. The fund shows a Beta (market volatility) of -0.0648, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Federated Intermediate are expected to decrease at a much lower rate. During the bear market, Federated Intermediate is likely to outperform the market.
Auto-correlation | 0.50 |
Modest predictability
Federated Intermediate Municipal has modest predictability. Overlapping area represents the amount of predictability between Federated Intermediate time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Federated Intermediate price movement. The serial correlation of 0.5 indicates that about 50.0% of current Federated Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Federated Intermediate lagged returns against current returns
Autocorrelation, which is Federated Intermediate 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 Federated Intermediate's mutual fund expected returns. We can calculate the autocorrelation of Federated Intermediate returns to help us make a trade decision. For example, suppose you find that Federated Intermediate 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 |
Federated Intermediate 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 Federated Intermediate mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Federated Intermediate mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Federated Intermediate mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Federated Intermediate Lagged Returns
When evaluating Federated Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Federated Intermediate mutual fund have on its future price. Federated Intermediate 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, Federated Intermediate autocorrelation shows the relationship between Federated Intermediate mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Federated Intermediate Municipal.
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 Federated Mutual Fund
Federated Intermediate financial ratios help investors to determine whether Federated 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 Federated with respect to the benefits of owning Federated Intermediate security.
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