The Kansas Tax Free Fund Market Value
| KTXIX Fund | USD 18.39 0.04 0.22% |
| Symbol | The |
The Kansas '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 Kansas' 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 Kansas.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in The Kansas on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding The Kansas Tax Free or generate 0.0% return on investment in The Kansas over 30 days. The Kansas is related to or competes with The Bond, Franklin Missouri, The National, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. The fund normally invests at least 80 percent of its net assets plus any borrowings for investment purposes in Kansas mu... More
The Kansas 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 Kansas' 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 Kansas Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2636 | |||
| Information Ratio | (0.69) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2191 |
The Kansas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for The Kansas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Kansas' standard deviation. In reality, there are many statistical measures that can use The Kansas historical prices to predict the future The Kansas' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | 0.0831 |
Kansas Tax Backtested Returns
At this stage we consider The Mutual Fund to be very steady. Kansas Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0335, which indicates the fund had a 0.0335% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Kansas Tax Free, which you can use to evaluate the volatility of the fund. Please validate The Kansas' Semi Deviation of 0.1716, coefficient of variation of 4200.79, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.0061%. The entity has a beta of -0.0688, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning the Kansas are expected to decrease at a much lower rate. During the bear market, the Kansas is likely to outperform the market.
Auto-correlation | 0.37 |
Below average predictability
The Kansas Tax Free has below average predictability. Overlapping area represents the amount of predictability between The Kansas time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Kansas Tax price movement. The serial correlation of 0.37 indicates that just about 37.0% of current The Kansas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Kansas Tax lagged returns against current returns
Autocorrelation, which is The Kansas 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 Kansas' mutual fund expected returns. We can calculate the autocorrelation of The Kansas returns to help us make a trade decision. For example, suppose you find that The Kansas 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 Kansas 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 Kansas mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Kansas 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 Kansas mutual fund over time.
Current vs Lagged Prices |
| Timeline |
The Kansas Lagged Returns
When evaluating The Kansas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Kansas mutual fund have on its future price. The Kansas 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 Kansas autocorrelation shows the relationship between The Kansas mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Kansas 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 The Mutual Fund
The Kansas 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 Kansas security.
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