Tributary Nebraska Tax Free Fund Market Value
| FONPX Fund | USD 9.18 0.02 0.22% |
| Symbol | Tributary |
Tributary Nebraska '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 Tributary Nebraska'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 Tributary Nebraska.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Tributary Nebraska on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Tributary Nebraska Tax Free or generate 0.0% return on investment in Tributary Nebraska over 420 days. Tributary Nebraska is related to or competes with T Rowe, American Century, Small Cap, Tiaa-cref Small/mid-cap, and Jhancock Diversified. Under normal market conditions, the fund invests not less than 80 percent of its assets, plus any borrowings for investm... More
Tributary Nebraska 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 Tributary Nebraska'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 Tributary Nebraska Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3213 | |||
| Information Ratio | (0.65) | |||
| Maximum Drawdown | 1.1 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2203 |
Tributary Nebraska Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tributary Nebraska's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tributary Nebraska's standard deviation. In reality, there are many statistical measures that can use Tributary Nebraska historical prices to predict the future Tributary Nebraska's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | (0.17) |
Tributary Nebraska Tax Backtested Returns
At this stage we consider Tributary Mutual Fund to be very steady. Tributary Nebraska Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0181, which indicates the fund had a 0.0181% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Tributary Nebraska Tax Free, which you can use to evaluate the volatility of the fund. Please validate Tributary Nebraska's Semi Deviation of 0.196, coefficient of variation of 10764.79, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0037%. The entity has a beta of 0.0481, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tributary Nebraska's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tributary Nebraska is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Tributary Nebraska Tax Free has very good predictability. Overlapping area represents the amount of predictability between Tributary Nebraska time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th 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 Tributary Nebraska Tax price movement. The serial correlation of 0.8 indicates that around 80.0% of current Tributary Nebraska price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tributary Nebraska Tax lagged returns against current returns
Autocorrelation, which is Tributary Nebraska 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 Tributary Nebraska's mutual fund expected returns. We can calculate the autocorrelation of Tributary Nebraska returns to help us make a trade decision. For example, suppose you find that Tributary Nebraska 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 |
Tributary Nebraska 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 Tributary Nebraska mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tributary Nebraska mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tributary Nebraska mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tributary Nebraska Lagged Returns
When evaluating Tributary Nebraska's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tributary Nebraska mutual fund have on its future price. Tributary Nebraska 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, Tributary Nebraska autocorrelation shows the relationship between Tributary Nebraska mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tributary Nebraska Tax Free.
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 Tributary Mutual Fund
Tributary Nebraska financial ratios help investors to determine whether Tributary 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 Tributary with respect to the benefits of owning Tributary Nebraska security.
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