Hawaiian Tax Free Trust Fund Market Value
| HULFX Fund | USD 10.49 0.01 0.1% |
| Symbol | Hawaiian |
Hawaiian Tax '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'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.
| 02/13/2023 |
| 02/02/2025 |
If you would invest 0.00 in Hawaiian Tax on February 13, 2023 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 over 720 days. Hawaiian Tax is related to or competes with Intermediate Government, Federated Government, Franklin Adjustable, and Virtus Seix. Under normal circumstances, at least 80 percent of the funds assets will be invested in municipal obligations that pay i... More
Hawaiian Tax 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'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 | 0.3366 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.14 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.2838 |
Hawaiian Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Tax's standard deviation. In reality, there are many statistical measures that can use Hawaiian Tax historical prices to predict the future Hawaiian Tax's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | (0.26) |
Hawaiian Tax Free Backtested Returns
Hawaiian Tax Free holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. Hawaiian Tax Free exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawaiian Tax's Market Risk Adjusted Performance of (0.25), downside deviation of 0.3366, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.0322, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hawaiian Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawaiian Tax is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Hawaiian Tax Free Trust has poor reverse predictability. Overlapping area represents the amount of predictability between Hawaiian Tax time series from 13th of February 2023 to 8th of February 2024 and 8th of February 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 Hawaiian Tax Free price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Hawaiian Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hawaiian Tax Free lagged returns against current returns
Autocorrelation, which is Hawaiian Tax 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's mutual fund expected returns. We can calculate the autocorrelation of Hawaiian Tax returns to help us make a trade decision. For example, suppose you find that Hawaiian Tax 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Tax 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Tax Lagged Returns
When evaluating Hawaiian Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Tax mutual fund have on its future price. Hawaiian Tax 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 autocorrelation shows the relationship between Hawaiian Tax 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 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 security.
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