Hawaiian Tax Free Trust Fund Market Value
| HULCX Fund | USD 10.58 0.03 0.28% |
| Symbol | Hawaiian |
Hawaiian 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 Hawaiian 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 Hawaiian Tax-free.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hawaiian Tax-free on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Tax Free Trust or generate 0.0% return on investment in Hawaiian Tax-free over 300 days. Hawaiian Tax-free is related to or competes with Calamos Dynamic, Virtus Convertible, Gabelli Convertible, and Rational/pier. Under normal circumstances, at least 80 percent of the funds assets will be invested in municipal obligations that pay i... More
Hawaiian 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 Hawaiian 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 Hawaiian Tax Free Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2702 | |||
| Information Ratio | (0.78) | |||
| Maximum Drawdown | 0.8561 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1907 |
Hawaiian Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Tax-free's standard deviation. In reality, there are many statistical measures that can use Hawaiian Tax-free historical prices to predict the future Hawaiian Tax-free's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.48) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawaiian Tax-free'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.
Hawaiian Tax Free Backtested Returns
At this stage we consider Hawaiian Mutual Fund to be out of control. Hawaiian Tax Free holds Efficiency (Sharpe) Ratio of 8.0E-4, which attests that the entity had a 8.0E-4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hawaiian Tax Free, which you can use to evaluate the volatility of the entity. Please check out Hawaiian Tax-free's Downside Deviation of 0.2702, market risk adjusted performance of (0.31), and Risk Adjusted Performance of (0.04) to validate if the risk estimate we provide is consistent with the expected return of 1.0E-4%. The fund retains a Market Volatility (i.e., Beta) of 0.0313, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hawaiian Tax-free's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawaiian Tax-free is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
Hawaiian Tax Free Trust has modest reverse predictability. Overlapping area represents the amount of predictability between Hawaiian Tax-free time series from 1st of February 2024 to 30th of June 2024 and 30th of June 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 Hawaiian Tax Free price movement. The serial correlation of -0.47 indicates that about 47.0% of current Hawaiian Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hawaiian Tax Free lagged returns against current returns
Autocorrelation, which is Hawaiian 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 Hawaiian Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Hawaiian Tax-free returns to help us make a trade decision. For example, suppose you find that Hawaiian 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 |
Hawaiian 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 Hawaiian Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian 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 Hawaiian Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Tax-free Lagged Returns
When evaluating Hawaiian Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Tax-free mutual fund have on its future price. Hawaiian 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, Hawaiian Tax-free autocorrelation shows the relationship between Hawaiian Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Tax Free Trust.
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 Hawaiian Mutual Fund
Hawaiian Tax-free financial ratios help investors to determine whether Hawaiian 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 Hawaiian with respect to the benefits of owning Hawaiian Tax-free security.
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