The Short Term Municipal Fund Market Value
| HCSBX Fund | USD 9.61 0.01 0.10% |
| Symbol | The |
Please note, there is a significant difference between The Short-term's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Short-term is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Short-term's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Short-term '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 The Short-term'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 The Short-term.
| 11/04/2024 |
| 02/02/2025 |
If you would invest 0.00 in The Short-term on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding The Short Term Municipal or generate 0.0% return on investment in The Short-term over 90 days. The Short-term is related to or competes with Fulcrum Diversified, Wells Fargo, Tax-managed, Global Diversified, Madison Diversified, Gmo Quality, and Aqr Diversified. More
The Short-term 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 The Short-term'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 The Short Term Municipal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.82) | |||
| Maximum Drawdown | 0.5198 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.1044 |
The Short-term Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Short-term's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Short-term's standard deviation. In reality, there are many statistical measures that can use The Short-term historical prices to predict the future The Short-term's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | 3.24 |
The Short-term Backtested Returns
The Short-term owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.017, which indicates the fund had a -0.017 % return per unit of risk over the last 3 months. The Short Term Municipal exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate The Short-term's Coefficient Of Variation of (5,884), variance of 0.0095, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0036, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning the Short-term are expected to decrease at a much lower rate. During the bear market, the Short-term is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
The Short Term Municipal has insignificant predictability. Overlapping area represents the amount of predictability between The Short-term time series from 4th of November 2024 to 19th of December 2024 and 19th of December 2024 to 2nd of February 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 The Short-term price movement. The serial correlation of 0.13 indicates that less than 13.0% of current The Short-term price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
The Short-term lagged returns against current returns
Autocorrelation, which is The Short-term 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 The Short-term's mutual fund expected returns. We can calculate the autocorrelation of The Short-term returns to help us make a trade decision. For example, suppose you find that The Short-term 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 |
The Short-term 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 The Short-term mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Short-term mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Short-term mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Short-term Lagged Returns
When evaluating The Short-term's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Short-term mutual fund have on its future price. The Short-term 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, The Short-term autocorrelation shows the relationship between The Short-term mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Short Term Municipal.
Regressed Prices |
| Timeline |
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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 The Mutual Fund
The Short-term financial ratios help investors to determine whether The 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 The with respect to the benefits of owning The Short-term security.
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