Georgia Tax Free Bond Fund Market Value
| GTFBX Fund | USD 11.02 0.04 0.36% |
| Symbol | Georgia |
Georgia 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 Georgia 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 Georgia Tax-free.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Georgia Tax-free on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Georgia Tax Free Bond or generate 0.0% return on investment in Georgia Tax-free over 510 days. Georgia Tax-free is related to or competes with New Jersey, Maryland Tax, New York, Virginia Tax-free, and Maryland Short-term. The fund invests so that, under normal market conditions, at least 80 percent of its net assets are invested in bonds th... More
Georgia 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 Georgia 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 Georgia Tax Free Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3879 | |||
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.4604 |
Georgia Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Georgia Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Georgia Tax-free's standard deviation. In reality, there are many statistical measures that can use Georgia Tax-free historical prices to predict the future Georgia Tax-free's volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0164 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | (0.04) |
Georgia Tax Free Backtested Returns
At this stage we consider Georgia Mutual Fund to be very steady. Georgia Tax Free holds Efficiency (Sharpe) Ratio of 0.0618, which attests that the entity had a 0.0618% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Georgia Tax Free, which you can use to evaluate the volatility of the entity. Please check out Georgia Tax-free's Market Risk Adjusted Performance of (0.03), risk adjusted performance of 0.0214, and Downside Deviation of 0.3879 to validate if the risk estimate we provide is consistent with the expected return of 0.0178%. The fund retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Georgia Tax-free are expected to decrease at a much lower rate. During the bear market, Georgia Tax-free is likely to outperform the market.
Auto-correlation | 0.55 |
Modest predictability
Georgia Tax Free Bond has modest predictability. Overlapping area represents the amount of predictability between Georgia Tax-free time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Georgia Tax Free price movement. The serial correlation of 0.55 indicates that about 55.0% of current Georgia Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Georgia Tax Free lagged returns against current returns
Autocorrelation, which is Georgia 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 Georgia Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Georgia Tax-free returns to help us make a trade decision. For example, suppose you find that Georgia 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 |
Georgia 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 Georgia Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Georgia 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 Georgia Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Georgia Tax-free Lagged Returns
When evaluating Georgia Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Georgia Tax-free mutual fund have on its future price. Georgia 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, Georgia Tax-free autocorrelation shows the relationship between Georgia Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Georgia Tax Free 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 Georgia Mutual Fund
Georgia Tax-free financial ratios help investors to determine whether Georgia 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 Georgia with respect to the benefits of owning Georgia Tax-free security.
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